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CEO behind Japan’s best-performing stock says his secret is raising salaries

bloomberg.com

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Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#11

Post by sombremesa »

ZephyrBlu wrote: post #9
Forge36 wrote: post #2

But will it scale? Sounds great as an employee. What explanation exists to convince an employer?

You can pay 3-4x more for an employee that is 10x more productive (This is what I think about Netflix). It's a great deal for everyone. I don't think you can really convince most employers of this though.

I don’t know - the wfh revolution is changing this equation. The more productive employees (10x etc) can just scale down their output commensurate to compensation and expectations based on the median employee and enjoy a better work life balance now.

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#12

Post by ZephyrBlu »

sombremesa wrote: post #11
ZephyrBlu wrote: post #9

Earlier quoted context omitted.

You can pay 3-4x more for an employee that is 10x more productive (This is what I think about Netflix). It's a great deal for everyone. I don't think you can really convince most employers of this though.

I don’t know - the wfh revolution is changing this equation. The more productive employees (10x etc) can just scale down their output commensurate to compensation and expectations based on the median employee and enjoy a better work life balance now.

I'm not sure you what you mean. If you're working somewhere like Netflix I'm assuming the median employee is quite good, so "scaling down" your output to match that doesn't really make sense to me.

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#14

Post by towardsclarity »

I don't think raising engineers' salaries is particularly controversial. Google, Microsoft, etc have been paying more for top talent for ages.

The main controversy in the political discussion is around paying low wage workers more.

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#16

Post by lacksconfidence »

ZephyrBlu wrote: post #12
sombremesa wrote: post #11

Earlier quoted context omitted.

I don’t know - the wfh revolution is changing this equation. The more productive employees (10x etc) can just scale down their output commensurate to compensation and expectations based on the median employee and enjoy a better work life balance now.

I'm not sure you what you mean. If you're working somewhere like Netflix I'm assuming the median employee is quite good, so "scaling down" your output to match that doesn't really make sense to me.

The implication is a 10x employee could work half a day a week at a "normal" (not netflix) job and from the outside it's the same amount of output as a 1x.

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#18

Post by Judgmentality »

ZephyrBlu wrote: post #12
sombremesa wrote: post #11

Earlier quoted context omitted.

I don’t know - the wfh revolution is changing this equation. The more productive employees (10x etc) can just scale down their output commensurate to compensation and expectations based on the median employee and enjoy a better work life balance now.

I'm not sure you what you mean. If you're working somewhere like Netflix I'm assuming the median employee is quite good, so "scaling down" your output to match that doesn't really make sense to me.

I'm guessing he means if you work somewhere that isn't "we only hire the best, and we'll fire you if you're not" like Netflix, the better employees realize they can work half as much for the same pay and just enjoy life more.

These employees are optimizing for free time, not salary. As someone who thinks big tech pays ridiculously more than is necessary for a comfortable lifestyle, if I could work 1 day a week for 1/5 the pay I would (I understand why working so little would likely not make sense, I am just fantasizing).

Re: CEO behind Japan’s best-performing stock says his secret is raising salaries

#19

Post by Black101 »

jppope wrote: post #8
o-__-o wrote: post #6

Earlier quoted context omitted.

Yeah! Casual copyright infringement! I guess the reasoning goes, gpt-3 will make journalism go the way of the dodo bird

I think we would all be happier if hacker news rejected sites that had a paywall... unfortunately, those companies keep posting articles on HN ¯\_(ツ)_/¯. And so it goes

I had no problem viewing the article... I use noscript and ublock origin addon among others....
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