71–80 of 206 posts
Earlier quoted context omitted.
I think there’s a large correlation in the 0-3 years window. I agree there’s almost none in the 12-15 years window.
Amusingly to me, I think the opposite.
I worked for a very old fashioned company in Germany that used a similar system to pay employees. After about a year I became the lead of my team. But since some of my colleagues had been in the company about 10 years, they were getting paid more than me. Frustrated, I left for a better (and better paying) job. I believe these systems produce a "dead sea effect". High performer will leave, being able to get better de…
Interesting! I didn't know this phenomenon had a name. I've seen the "dead sea effect" at a well known SV bigtech co as well. And this company has biannual performance review rituals.
The blog has a bunch of other good article on related topics.
Strong disagree with basing salary on years of experience. I see almost no correlation between output, skill, and years of experience. I actually consider this an anti-pattern that actively encourages coasting.
I've yet to see anything better than years-of-experience (or years-in-company). I've worked in both FAANG and startups plenty, and personally I've seen worse outcomes from "impact-driven" OKRs, nepotism, team-surfing, than from coasting. Coasting can be fixed by firing or layoffs (which I consider a healthy lifecycle for any company). "Coasters" at least know that what they do today they might have to support for N y…
I worked for a very old fashioned company in Germany that used a similar system to pay employees. After about a year I became the lead of my team. But since some of my colleagues had been in the company about 10 years, they were getting paid more than me. Frustrated, I left for a better (and better paying) job. I believe these systems produce a "dead sea effect". High performer will leave, being able to get better de…
For instance, coaches often make less than their star players. Directors and producers often make less than star actors. Hospital directors seem to make less than surgeons.
This is sort of well-articulated and someone thought about it a lot. The salaries seem fine, as long as there’s 1MM in liquid equity to go with the L7 one like Google does. But it doesn’t seem to address the real issue (to which I also don’t have a final answer): the jock/nerd thing is still playing out. If, as I believe is mostly true, A16 is pretty on the money with the software eats the world thing: hackers “shoul…
> COVID/WFH only turbocharges this: tall white guys have way less edge over Zoom. Being tall probably matters less, sure. I do find that ability to communicate in writing with English-speaking audiences is much more important than it used to be. Technical communication and persuasion that used to happen in hallways and on whiteboards is now happening in discussion threads, written code reviews, design papers, etc. In…
Mandarin seems to be a pretty credible candidate for a “must know” business language, but even there that’s climbing up hill at least a little.
I worked for a very old fashioned company in Germany that used a similar system to pay employees. After about a year I became the lead of my team. But since some of my colleagues had been in the company about 10 years, they were getting paid more than me. Frustrated, I left for a better (and better paying) job. I believe these systems produce a "dead sea effect". High performer will leave, being able to get better de…
This is sort of well-articulated and someone thought about it a lot. The salaries seem fine, as long as there’s 1MM in liquid equity to go with the L7 one like Google does. But it doesn’t seem to address the real issue (to which I also don’t have a final answer): the jock/nerd thing is still playing out. If, as I believe is mostly true, A16 is pretty on the money with the software eats the world thing: hackers “shoul…
I worked for a very old fashioned company in Germany that used a similar system to pay employees. After about a year I became the lead of my team. But since some of my colleagues had been in the company about 10 years, they were getting paid more than me. Frustrated, I left for a better (and better paying) job. I believe these systems produce a "dead sea effect". High performer will leave, being able to get better de…
If you felt you were underpaid, leaving is fair. I don't really understand the requirement that all bosses are paid more than those they supervise, though. I mean, emotionally I can understand feeling that way. But I don't think it's a rule of nature or something. For instance, coaches often make less than their star players. Directors and producers often make less than star actors. Hospital directors seem to make le…
I worked for a very old fashioned company in Germany that used a similar system to pay employees. After about a year I became the lead of my team. But since some of my colleagues had been in the company about 10 years, they were getting paid more than me. Frustrated, I left for a better (and better paying) job. I believe these systems produce a "dead sea effect". High performer will leave, being able to get better de…
If you felt you were underpaid, leaving is fair. I don't really understand the requirement that all bosses are paid more than those they supervise, though. I mean, emotionally I can understand feeling that way. But I don't think it's a rule of nature or something. For instance, coaches often make less than their star players. Directors and producers often make less than star actors. Hospital directors seem to make le…
This is sort of well-articulated and someone thought about it a lot. The salaries seem fine, as long as there’s 1MM in liquid equity to go with the L7 one like Google does. But it doesn’t seem to address the real issue (to which I also don’t have a final answer): the jock/nerd thing is still playing out. If, as I believe is mostly true, A16 is pretty on the money with the software eats the world thing: hackers “shoul…
You have never applied math above Calc in your life. Just admit it here. It will be good for your soul.
I don’t think there’s any shame in that.
What’s your PhD in?