Live data from Hacker News

Want to hire the best programmers? Offer growth

triplebyte.com

61–70 of 408 posts

Re: Want to hire the best programmers? Offer growth

#62
post #8

I wonder how many people in the survey interpret "opportunities for professional growth" as "opportunities to get rich". To me that makes the survey data more understandable. People, myself included, basically want more money for less hours (AKA work/life balance).

That equation is a theoretical one. On the whole, jobs that offer high $/hr will mandate crazy hours. Jobs that will allow you to go 20 hr/wk, or 10 hr/wk will usually not pay you well on a per-hour basis either. -- I predict that in response to what I just wrote, there will be people showing off about how they managed to make a consulting lifestyle business like that actually work because of how awesome they are. --…

True, but I'm looking at it more over the course of a lifetime. If I need $X to cover all expenses in my lifetime then I need to work $X/Y hours where Y is my earnings per hour. This is a bit oversimplified if you include savings and investment but in general is how I look at it.

Re: Want to hire the best programmers? Offer growth

#63
post #8

I wonder how many people in the survey interpret "opportunities for professional growth" as "opportunities to get rich". To me that makes the survey data more understandable. People, myself included, basically want more money for less hours (AKA work/life balance).

Thats one way to look at it, but to get rich you want to join companies that are growing like crazy. A company that grows 20% like google offers high cash low stock. But a company that grows 100% every year can make you a millionaire in a couple of years. Its true startups lotteries are not great for employees in general, but who would have bet that UBER wouldn't IPO in 2014? or some other companies like Airbnb, etc.

Is this a more effective tactic, in expectation, than working a well-paid job at an established company and then going to Vegas every year to bet a decent chunk of your salary?

Re: Want to hire the best programmers? Offer growth

#65
post #8

I wonder how many people in the survey interpret "opportunities for professional growth" as "opportunities to get rich". To me that makes the survey data more understandable. People, myself included, basically want more money for less hours (AKA work/life balance).

That equation is a theoretical one. On the whole, jobs that offer high $/hr will mandate crazy hours. Jobs that will allow you to go 20 hr/wk, or 10 hr/wk will usually not pay you well on a per-hour basis either. -- I predict that in response to what I just wrote, there will be people showing off about how they managed to make a consulting lifestyle business like that actually work because of how awesome they are. --…

I find 10 hours at high cost easier to sell than 80 hours at a high cost most want to pay for 25 of thoses hours.

Re: Want to hire the best programmers? Offer growth

#67
In my experience, most managers think "If I can't objectively measure it, it doesn't exist."

Therefore, since the benefits of fostering employee growth can't be easily quantified, most managers choose to believe they don't exist.

Same goes for things like flexible work schedules, work-from-home days and generous vacation policies.

Re: Want to hire the best programmers? Offer growth

#68
post #18

Women value good code-bases more than men. Very interesting.

Perhaps women are less likely to be given the freedom to create the codebase (or part of it) and more likely to be involved in maintaining and extending it, and/or more likely to identify with such a role.

Re: Want to hire the best programmers? Offer growth

#69

Earlier quoted context omitted.

That equation is a theoretical one. On the whole, jobs that offer high $/hr will mandate crazy hours. Jobs that will allow you to go 20 hr/wk, or 10 hr/wk will usually not pay you well on a per-hour basis either. -- I predict that in response to what I just wrote, there will be people showing off about how they managed to make a consulting lifestyle business like that actually work because of how awesome they are. --…

True, but I'm looking at it more over the course of a lifetime. If I need $X to cover all expenses in my lifetime then I need to work $X/Y hours where Y is my earnings per hour. This is a bit oversimplified if you include savings and investment but in general is how I look at it.

That "$X to cover all expenses in lifetime" figure is impossible to calculate, and is not under your control at all. It will be inflated away without your consent, and requires constant evaluation and re-evaluation. My philosophy is to always be investing in capital, whether it be equity, political (relationships with people), or resources.

Re: Want to hire the best programmers? Offer growth

#70

Earlier quoted context omitted.

Thats one way to look at it, but to get rich you want to join companies that are growing like crazy. A company that grows 20% like google offers high cash low stock. But a company that grows 100% every year can make you a millionaire in a couple of years. Its true startups lotteries are not great for employees in general, but who would have bet that UBER wouldn't IPO in 2014? or some other companies like Airbnb, etc.

Is this a more effective tactic, in expectation, than working a well-paid job at an established company and then going to Vegas every year to bet a decent chunk of your salary?

Well, Sam Altman & Andressen have strong opinion on it: join rocket ships.

You can also get a much higher position at a well paid job if one of the bets pays off, or if you find growth opportunities. While getting a promotion at google might take you 4 years, in a high growth startup you might jump 2 steps in 6 months.

Post reply on HN