News for hackers. Stuff that matters.

A comment on Twitter Will Allow Employees to Work at Home Forever. Parent comment

Re:Twitter Will Allow Employees to Work at Home Forever by Pfhreak on Wednesday May 13, 2020 @01:50AM (#23163868)
Should it be a race to the bottom? Also, I think it's pretty rare in tech to have multiple qualified candidates to choose from. Typically the candidates have multiple offers, not the other way around.
[ Parent | on HN ]
Re:Twitter Will Allow Employees to Work at Home Forever by mulmen on Wednesday May 13, 2020 @02:05AM (#23163949)
Compensation is not based on the value provided to the company. Compensation is based on "market rate" as in, the lowest amount of money a candidate is willing to accept to do the job. The information asymmetry is such that candidates accept offers for far less than the company is willing to pay.
[ Parent | on HN ]
Re:Twitter Will Allow Employees to Work at Home Forever by Pfhreak on Wednesday May 13, 2020 @10:12AM (#23167055)
That's not what market rate means. Market rate is a surveyed bell curve for the job across multiple companies.
[ Parent | on HN ]
Re:Twitter Will Allow Employees to Work at Home Forever by mulmen on Wednesday May 13, 2020 @09:02PM (#23173913)
Yes, the rate the market pays. That’s different than the value a candidate can bring to the company.
[ Parent | on HN ]