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by brianm
5299 days ago
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I disagree. The original article is specifically about attracting good talent to Austin. Someone presently in the valley, who is worth attracting, generally has no reason to leave. You need to come up with good reasons for them to leave which outweigh the massive black hole of attraction for tech talent which is the valley. Offering a significant salary cut is not going to help your cause -- you cannot be losing on hygiene factors when you are selling from a weak position. Trying to sell the candidate on the cost of living being lower is actually bogus anyway. At high salary levels you cannot look at cost of living as a percentage difference, you need to look at absolutes. A thirty percent pay cut on a 150k salary works out to about 2500-3000 per month after taxes. This is a lot more than the absolute value cost of living difference. Making it even worse, you are asking candidates to move from an environment where they have a couple hundred interesting alternate employment options, all at that 30% higher salary, if the current job does not work out. They are moving to a, at best, tertiary market -- meaning there is a very good chance that they will have to move again for their next job. |
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