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How does salary work? | Kevin Goldsmith |

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  • čas přidán 14. 08. 2024
  • Video sponsor: BuildKite (buildkite.com/)
    You make a hire for your team. The person wants 20% more than anyone else. Should you give it to them?
    Your manager gives you a 5% raise budget for your team. Do you give them all 5% or give one person 15% and the rest 1%?
    You think you are giving a great raise to one of your top performers, but they let you know that they expected much more.
    A person on your team approaches you because they got a job offer for 10% more than their current salary. Should you try to match it?
    The management debt that gets accrued by poor decisions around salary is extremely painful to fix. In this talk, I will give you the tools and ideas that you can use to be well prepared for the next salary review. I will help you avoid accruing management debt around pay in your team.
    How is the salary budget calculated? How you can argue for the extra budget to adjust someone that is not being paid well. Where you can find extra money to make a meaningful difference for someone. Why sometimes it is better to do no raise at all, then do a small one. How you handle the conversation when someone isn't happy with their increase. How do you decide what salary to offer a candidate? How can you make sure that you are not increasing pay disparity between different groups?
    These are problems that Dev Leads face all the time. The impact of making a wrong decision is massive to an individual. The mistake of paying someone too little or too much can affect them for years.
    Understanding how salary works helps you create a happier and healthier team.
    About Kevin Goldsmith
    Kevin Goldsmith has been a developer, software architect, technology manager, and senior technology executive for over 27 years. He is currently the Chief Technology Officer at Onfido in London, a machine learning and computer vision company helping users own their identities on the internet. Formerly, Kevin was the Chief Technology Officer at Avvo; the Vice President of Engineering, Consumer at Spotify; a Director of Engineering at Adobe Systems; and, development lead at Microsoft.
    Find out more: berlin2019.the...
    Lead Dev is a community for technical leaders. We have a series of conferences and meetups designed with the needs and pain points of technical team leads in mind. We programme each conference around our three key themes of Team, Tech & Tools. The talks are designed to help very practically with common problems in these areas. To find out more about us, visit:
    theleaddevelop...

Komentáře • 13

  • @stevenschiro1838
    @stevenschiro1838 Před rokem +1

    This was an excellent presentation.
    In speaking of people not being paid fairly - I have offered some candidates *more* than they've asked for, because their experience and skills demanded it

  • @wrbrower
    @wrbrower Před 2 lety +2

    I am a person that will be going salary soon. I was looking for light, general information. There is a wealth of information that is valuable to someone being hired, even if they are currently salaried, and I will watch this presentation again.

  • @mathstatlady
    @mathstatlady Před 2 lety +3

    Great talk, particularly about EGO of managers

  • @NorbyBaruani
    @NorbyBaruani Před 2 lety +2

    really great talk and insightful

  • @checkerist
    @checkerist Před 3 lety +1

    I'm coming from another market(Eastern Europe), but this talk is insightful!

  • @KeenFob
    @KeenFob Před 2 lety

    You often can't ask about current salary in a lot of places. What's wrong with offering fair market rates?

  • @cellobaduk
    @cellobaduk Před 3 lety

    Nice talk, thanks!

  • @stellagrace4496
    @stellagrace4496 Před 2 lety +5

    *Earning 70,000 Canadian dollars weekly on stock, nft, crypto and forex*

    • @geraldwilansky6424
      @geraldwilansky6424 Před 2 lety

      Am a newbie, how can I earn as you do?

    • @stellagrace4496
      @stellagrace4496 Před 2 lety

      @@geraldwilansky6424 Believe Michael Wayne is the best, his trading skills are top notch

    • @Efacexy11111
      @Efacexy11111 Před 2 lety

      Heard a lot of investing with Mr Michael Wayne and how good he is, please how safe are the profit?

    • @Camille_hendrick_01
      @Camille_hendrick_01 Před 2 lety

      @@Efacexy11111 trading with him, The profit are secured and over a 100% return on stock, I am now ready to venture into forex.

    • @francetydamien
      @francetydamien Před 2 lety

      @Kingston Bouchard Wow, i've seen a lot of recommendation about Michael Wayne, is he really that good.