Earlier quoted context omitted.
If Google is willing to pay $200k over your current employer for you, your employer is paying you $200k under your market rate.
You can view this issue from another standpoint. Imagine some market where 10 companies sell bread and it costs $5. And lets assume that the costs are $4 and $1 is profit. Then comes a company that makes its money on selling water and it is doing very well. It comes to a bread market and starts selling bread for $3. The competition is quickly destroyed and the bread prices rise. Edit: as a sibling comment mentioned:…
Developer won’t get hit by a bus, they’ll get hired by Netflix
271–280 of 441 posts
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#272You could make the reverse argument. Using "industry standard" tools makes your top performers much more likely to get poached. Using unusual (but enjoyable) technologies might increase employee loyalty.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#273Earlier quoted context omitted.
Yeah I think "hit by a bus" generally means there is 0 chance of knowledge transfer and is more a disaster recovery term than a talent retention term. Unless you really burn a bridge with your workers they should have at least a week or 2 to transfer knowledge!
In practice, "knowledge transfer" is pretty much a joke anyway. Unless they have been documenting important things to know along the way it's usually at best an ad-hoc, partial data dump of the most recent thing they were working on.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#274Earlier quoted context omitted.
Frankly their actions don’t seem particularly unreasonable to me.
It seems like a prudent business decision on the agency's part, to be honest, rather than some kind of underhanded anti-employee move.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#275FAANG companies can certainly offer more money, but there are lots of things other companies can offer too (besides Ruby on Rails apparently). - ownership of the product and process - less red tape and politics - good work life balance - location other than Silicon Valley - boss who pays attention to engineer needs and wants Money is a huge factor but it isn't the only one!
Anecdotal, but when I hear of people working impossible hours and with a clueless boss it's almost always a startup or some small shop.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#276Instead of "hit by a bus," I prefer the term "win the lotto." Any member of your team could win a life-changing amount of money in the lottery, inherit it, win a gambling bet, etc. Frame it as a good thing rather than a death or a change of hire - somebody might just flat out retire because they don't financially need your employment anymore.
I see this one as a different problem. If your team members who won the lotto would just give their two weeks and quit, then your company/team has a substantial morale/motivation problem. Such a company is not creating an environment where people enjoy being a part of it.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#277I agree with the author's point about using popular tech stacks to alleviate the ramp-up time for new hire productivity, but that is not the optimal solution. The optimal solution is for management to not let high-productivity talent from leaving - increase their comp to whatever offers they might get in the open market. That's how labor economic works - it's a market. Investment bank and management consulting figure…
Investment Banks are a terrible example of low attrition workplaces, as attrition is quite high. It used to be the case (not sure if it still is) that expected attrition was ~100% after the first 2 years as an analyst as you were expected to go to B-school, the buyside or somewhere else.
* competing for talent by paying very well and wiling to do so
* investment in training early on
Two things that tech workers do not benefit from as much.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#278Earlier quoted context omitted.
> I really wish we'd stop using the word "poach". It's intentional language used by employers because it has preconceived notions and they succinctly communicate a story that benefits the employer. When you hear poached, you think illegal and victims. It makes you think that the employer has been wronged in some way and that the employee was both participatory in something illegal or at least underhanded and at the s…
On the same note, what is the difference between a company being acquired by Netflix vs the employee being poached by Netflix. Why is the first one a positive and the second one a negative.
The employer sees employees as resources. Property. Property doesn't have agency. Someone else is taking the employer's property, but the employer isn't being compensated for the loss of their property.
But buying a whole company? That's paying the shareholders for their property. Therefore that's good.
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#279Earlier quoted context omitted.
> If McDonalds does have enough capital to buy long-term customers and kill off competition with free burgers, perhaps they should consider it. I'm pretty sure they should not consider it, because it is generally illegal. https://en.wikipedia.org/wiki/Predatory_pricing
> I'm pretty sure they should not consider it, because it is generally illegal. It is really not. At least in America. In America, where laws are based on consumer benefit, it is extremely difficult to prosecute companies for having too awesome of a service, that they give away for too good of a price, in a way that helps consumers too much. It really just isn't something that gets prosecuted, except in absolutely ex…
Re: Developer won’t get hit by a bus, they’ll get hired by Netflix
#280> never underestimate the amount of money the FAANGs have to poach your talent. I really wish we'd stop using the word "poach". It's a loaded word with negative connotations, but what it really means here is "offer someone a better situation than you offered them". Employees have agency, they aren't wild elephants who need your "protection" from "predators" who just want to pay them more.
The thing that hits me is the "$500k+/year in the valley". Is this really a thing? Am I a giant dumbass for staying in Colorado? Even factoring in my stock grants, I'm nowhere close to that number.