📖Why don't tech companies pay their engineers to stay?
- authors
- Matt Dean
- year
- 2021
- url
- https://www.goethena.com/post/why-don-t-tech-companies-pay-their-engineers-to-stay
Engineers build expertise and grow but it’s easier to get recognition for that growth outside that company.
Companies should be paying their long-tenured engineers above the market because these engineers have a ton of domain-specific knowledge that is only valuable inside this specific company.
this compensation is hard for early-stage startups because they can hardly pay market salary
at Ethena (author’s company), the entire engineering team, including him, has the same salary
it’s hard to measure everyone’s impact accurately
Counterarguments:
(new devs bringing in new ideas)
(long-tenured workers becoming too rigid)
(is there useful experience gained from working in different companies?)