Originally Posted by
Fiordland
About twenty years ago I worked for a major supply to Ontario Hydro. At the time Ontario Hydro had a policy of getting the very best people by paying in the top 25% percentile. Fairly certain that increases cost, not certain it gets you better people. I thought AC was a mean employer. Perhaps its in the bottom 25% percentile. Not certain.
In my industry, the top 25% people are probably twice as productive as the 25% below them.
If all you do is pay more, that's no good. But having top compensation is a useful tool in attracting better people.
I regularly get recruiting emails that mention a range of X to Y, where Y is less than I make now. I don't reply.