What does it take to attract and retain great talent?

Top Answer : This is particularly difficult in Mexico, where the salaries of IT people have gone way above expectations. A junior coder right now earns probably like 6 or 7 times the minimum wage here in Mexico City. It’s really difficult for us, as a startup, to find people with the skills that we require.  But another challenge is retaining talent.  A couple years ago, I had a coder on my team who was awesome, but got snatched by a large tech company who could pay a lot more than we could possibly match. So what I say is (and I always say this to every member of my team), “You might have learned something in college, but with me, you will learn more than you will learn in college, or any other company. This is because I always challenge my team. I always push them harder. I always challenge them in order for them to think more thoroughly, to think more, to go beyond their boundaries and their limits.”  My team has responded really well to this.  When the money appears that is way above what I could pay them, they stay with me, because they enjoy all the challenges I’ve given them.  So I would recommend competing not on salary, but on the type of coaching and mentoring you’re able to personally provide them.

Orange Terminal
Transportation and Warehousing
This is particularly difficult in Mexico, where the salaries of IT people have gone way above expectations. A junior coder right now earns probably like 6 or 7 times the minimum wage here in Mexico City. It’s really difficult for us, as a startup, to find people with the skills that we require.  But another challenge is retaining talent.  A couple years ago, I had a coder on my team who was awesome, but got snatched by a large tech company who could pay a lot more than we could possibly match. So what I say is (and I always say this to every member of my team), “You might have learned something in college, but with me, you will learn more than you will learn in college, or any other company. This is because I always challenge my team. I always push them harder. I always challenge them in order for them to think more thoroughly, to think more, to go beyond their boundaries and their limits.”  My team has responded really well to this.  When the money appears that is way above what I could pay them, they stay with me, because they enjoy all the challenges I’ve given them.  So I would recommend competing not on salary, but on the type of coaching and mentoring you’re able to personally provide them.
0 upvotes
Pink Server
Health Care and Social Assistance
It is very hard for the federal government to attract and retain talent. You can if they are contractors bc they can get paid more but federal IT employees make half of what they would make in the private sector. The benefits and retirement may be attractive to the ones who want stability.
2 upvotes