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by HelloNurse
3370 days ago
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If the candidate received and accepted another offer for twice what you would pay him, it is hard evidence that you pay half market value. Planning to pay people half market value is madness. If you cannot afford salaries, you need a business plan that involves more profits and/or more "runway" of sacrificial capital or debt. |
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We pay about 70% below market. Unfortunately I am not the one that makes the decisions or the business plans. I am just barely high enough in the org to be privy to what people get paid.
For what it's worth I 100% agree with you.
The result is we get software engineers with much less experience. For what it's worth... they have all worked out very well. But I think someone with more experience would work twice as fast and therefor work out to about the same cost anyway.