News for hackers. Stuff that matters.
Re:Rejected from YC (Again) by saiya-jin on Thursday October 17, 2019 @09:21AM (#21281717)
This is something corporations like banking don't fully get (yet) - there is only so much you can achieve with money as reward for work done. Yes if you underpay severely most brilliant people will go elsewhere because mortgages or whatnot. But there is so much more to life than work, and if we spend most of our waking time there, the better and more supportive the environment is, the better for all involved.

Things like parental leave support, work from home in reasonable cases/amount (not fan of 100% remote from receiving side in general but there might be exceptions), more informal approach, management that reasonably listens to its employees and so on. Suddenly, motivation to join and work hard is much better.

Re:Rejected from YC (Again) by maximente on Thursday October 17, 2019 @04:40PM (#21286173)
what i've found working in tech in financial institutions are just more up front and "ruthless" with the reality that you aren't going to have a cushy 10-year type "career" where your output ebbs and flows between, say, 0-20% (new kid, divorce) or 80-100% (new title, new project). obviously one has to be OK with that coming in, but it was made abundantly clear to me that it's not a lifestyle gig.

getting laid off in a finance job typically comes with severance and an understanding that it's not your fault, necessarily, just that the project didn't meet expectations, or the bank had a bad quarter, or whatever else. it was made clear up front that in exchange, you get to work on very interesting stuff, have long (9hour M-F) but reasonable and well-planned days (no on-call stuff typically), and an understanding that you share in the profits of the institution (typically via bonuses instead of equity a la google at one point), so have incentive to keep working hard.

when compared to startup model that i read about on here a lot (work hella hard then get shafted by equity games), it's honestly refreshing to just get the bottom line up front vs. game playing, loyalty/honor manipulation to work uncompensated, etc.

when compared to what i consider a "normal" office job, where you probably work about 4 solidly productive hours per day over the life of your career, it's just more honest about the value of your labor and that it's sort of ridiculous that we have this charade that knowledge workers are consistently doing 8 hours of deep knowledge work every day they are in front of their computer.

Re:Rejected from YC (Again) by agota on Thursday October 17, 2019 @12:58PM (#21284002)
I'd question whether a person who values work/life balance, family, empathetic management, etc. would do well on Wall Street.

It might be that people who do best in these kinds of occupations are cutthroat sociopaths obsessed with money and power.

This means that if you want to attract and retain them, you need to offer them money and power.