FWIW Regarding your ābright-lineā rule: For ~all our current roles/āhires (even the most junior ones) their earning potential in the private sector is higher than the output of the calculator. Weāre not typically hiring people who could attract <average wages as the counterfactual because we have been hiring exceptional people for specialist roles. As we grow we might hire for different roles where this isnāt the case and may at that point reconsider. I certainly donāt expect our current calculator/āsettings to last more than 1 year (at the very least weāre updating for things like inflation and currency shifts, we will also use these comments in the review process too).
Thanksāthat makes a lot of sense. One of the things Iām thinking about in the back of my head is the possibility that other orgs may adapt the algorithm for broader use. So I think itās helpful to document considerations like this. Doing so mitigates the risk of others applying the algorithm without first considering whether important assumptions upon which the originator org relied also hold true for their org.
FWIW Regarding your ābright-lineā rule: For ~all our current roles/āhires (even the most junior ones) their earning potential in the private sector is higher than the output of the calculator. Weāre not typically hiring people who could attract <average wages as the counterfactual because we have been hiring exceptional people for specialist roles. As we grow we might hire for different roles where this isnāt the case and may at that point reconsider. I certainly donāt expect our current calculator/āsettings to last more than 1 year (at the very least weāre updating for things like inflation and currency shifts, we will also use these comments in the review process too).
(Typing on my phone, excuse the brevity)
Thanksāthat makes a lot of sense. One of the things Iām thinking about in the back of my head is the possibility that other orgs may adapt the algorithm for broader use. So I think itās helpful to document considerations like this. Doing so mitigates the risk of others applying the algorithm without first considering whether important assumptions upon which the originator org relied also hold true for their org.
Agreed!