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Eric Siu explains why entrepreneurs waste money on cheap hires. Paying A-level talent 30% above market rate is worth it because they deliver roughly 10x the output of B-level employees.
Eric Siu explains why entrepreneurs waste money on cheap hires. Paying A-level talent 30% above market rate is worth it because they deliver roughly 10x the output of B-level employees.
I think that one of the biggest mistakes entrepreneurs make, myself included when I was earlier on, is that I didn't understand the difference between A and B talent. You can pay A talent 30% above market and get 10x the output. And like, there's no sense in ever paying below market, in my opinion. You can get so much more for the extra premium that you pay that it's one of the best bets in Vegas. You know what I mean? The best trade you can make is that premium to bring the right person in that's 10 times more effective. Yeah.
