Репост из: Javohir Akramov
Do not offer highest salary
One of the most insightful pieces of HR advice I’ve come across recently comes from Jonathan Ross, CEO of Groq. In an episode of the 20VC podcast, host Harry Stebbings asks Ross why his company never offers the highest salary to potential employees.
Ross explains that they want people to choose Groq—not simply join because of the salary. If employees are drawn in by the highest salary, they may leave as soon as another company offers more. Instead, by offering a competitive but not top-tier salary, Groq attracts individuals who are genuinely interested in the company’s mission and long-term success.
To ensure employees are still well-compensated, Groq provides generous stock options. This structure promotes a sense of ownership, aligning employees’ incentives with the company’s growth. Ross believes that when people feel they have a stake in the company, they are naturally more motivated and committed to its success.
@javohirakramov
One of the most insightful pieces of HR advice I’ve come across recently comes from Jonathan Ross, CEO of Groq. In an episode of the 20VC podcast, host Harry Stebbings asks Ross why his company never offers the highest salary to potential employees.
Ross explains that they want people to choose Groq—not simply join because of the salary. If employees are drawn in by the highest salary, they may leave as soon as another company offers more. Instead, by offering a competitive but not top-tier salary, Groq attracts individuals who are genuinely interested in the company’s mission and long-term success.
To ensure employees are still well-compensated, Groq provides generous stock options. This structure promotes a sense of ownership, aligning employees’ incentives with the company’s growth. Ross believes that when people feel they have a stake in the company, they are naturally more motivated and committed to its success.
@javohirakramov