Re:Great developers are raised, not hired
by snowwrestler on Saturday April 13, 2019 @12:51PM
(#19654146)
People choose where to work, and money is only a small part of that decision.
Invest in an employee, give them meaningful and interesting work, and the resources to grow, and you will generate a lot of value that doesn't show up on the books: loyalty.
From the financial perspective, it is almost always cheaper to get more out of a current employee than to go into the market and find someone new.
IMO there are two types of companies: those that know how to develop talent, and those that only know how to import it. The former are often the ones that have a long bright future and create a big impact on the world.
> by mentoring someone, we're effectively "adding a fish" to the pond, and if someone else "catches" the fish, that effort is largely wasted.
This only holds true in a zero-sum game, which the economy is not. Improving the skills of employees actually makes the entire pond bigger.
Invest in an employee, give them meaningful and interesting work, and the resources to grow, and you will generate a lot of value that doesn't show up on the books: loyalty.
From the financial perspective, it is almost always cheaper to get more out of a current employee than to go into the market and find someone new.
IMO there are two types of companies: those that know how to develop talent, and those that only know how to import it. The former are often the ones that have a long bright future and create a big impact on the world.
> by mentoring someone, we're effectively "adding a fish" to the pond, and if someone else "catches" the fish, that effort is largely wasted.
This only holds true in a zero-sum game, which the economy is not. Improving the skills of employees actually makes the entire pond bigger.