Do you have any business tips you wish you knew when you started out?

almost 7 years ago from Ivan Bjelajac, Co-Founder @ Bien /

  • Mike Wilson, almost 7 years ago

    I would say this is more indicative of the fact that you probably aren't paying your employees enough. If you don't want your talent poached, you need to be paying above market salaries. If another company comes along offering your talent a higher salary every 6 months, that is due to your failure to generate enough revenue to pay them their market value.

    Sure you might save 25k/yr paying them less than what they're worth, but how much does it cost the business to recruit, train, and onboard a new employee every 6 months? Depending on the size of the company, usually more than 25k/yr.

    1 point