📖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?)

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