Re:What the interns have wrought, 2021 edition
by noir_lord on Sunday August 15, 2021 @08:09AM
(#28188081)
I don't think it is ridiculous if you can afford to and want to pay the absolute top line to get the "best" (best by their metrics not everyone else's - not trying to spark a war).
If you are ultra profitable then the difference between paying market rate and top of market rate might be double the salary and that would still be a rounding error on a spreadsheet somewhere.
I guess it also depends how sensitive your output is to the quality of the developers, lots of enterprises I've worked for you'd be hard pressed to tell the difference between a competent developer and an excellent developer since the end result is from a distance pretty much the same in that case it would make no sense to pay more than will get you a bunch of competent developers.
My impression from the outside is that janestreet does see that value.
Some what correlated I love it when companies say "We hire the absolute best developers" and you ask what they pay and market-rate is the answer.
JaneStreet remains fascinating to me though because while they do programming and I'm a programmer we are almost different species because of the problems we solve - which makes it interesting to me.
If you are ultra profitable then the difference between paying market rate and top of market rate might be double the salary and that would still be a rounding error on a spreadsheet somewhere.
I guess it also depends how sensitive your output is to the quality of the developers, lots of enterprises I've worked for you'd be hard pressed to tell the difference between a competent developer and an excellent developer since the end result is from a distance pretty much the same in that case it would make no sense to pay more than will get you a bunch of competent developers.
My impression from the outside is that janestreet does see that value.
Some what correlated I love it when companies say "We hire the absolute best developers" and you ask what they pay and market-rate is the answer.
JaneStreet remains fascinating to me though because while they do programming and I'm a programmer we are almost different species because of the problems we solve - which makes it interesting to me.