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Rethinking compensation

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Eric Wise

Posts: 126
Nickname: ewise
Registered: Apr, 2005

Eric Wise is a senior .NET consultant.
Rethinking compensation Posted: May 19, 2005 8:20 PM
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You know, I've had many conversations in the last few months about compensation with my contacts, and I have hit upon a common theme.  Those of us who have experience, confidence, and ability seem to agree with the following statement:

"I would take a paycut to work less hours"

Yes, there is a magic time and place when your experience level and salary reaches a point that suddenly the money doesn't mean as much.  You want to spend more time with your family and kids.  You want to pursue other interests.  Bottom line, you want to develop yourself in directions you've never had the opportunity for when constrained by a full time job.

So here's a tip for you businessmen out there.  If you're looking to hire someone in that hard to fill sweet spot, the 3-7 years experience developer and you're strapped for cash... why not offer to let any employee who wants it to take a 15% paycut and take fridays off?  Or let employees schedule as much unpaid vacation time as they want as long as they clear the time in advance?

How many of you would take a paycut for a shorter work-week?

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