Attracting the right talent is about more than just showing the money
Why must we re-imagine employee compensation, from contractors to board members
It appears that companies operate in two economic realities.
In the battle for talent, organisations sometimes feel they have little choice but to make the highest bid to attract the best candidates.
Computer scientists in Silicon Valley can also engender some serious envy. Such is the demand for data wizards that Google had to build a London headquarters to be close to DeepMind, a machine learning startup it purchased back in 2014. The newly acquired employees refused to move elsewhere. Peter Lee, head of Microsoft Research, has said some tech experts can easily reach the same types of seven-figure salaries as some first-year National Football League quarterbacks.
And yet, people seem capable of achieving great things even when being paid far less.
NASA—the National Aeronautics and Space Administration—struggled for years to develop an algorithm to predict solar flares, powerful bursts of radiation that throw space missions and their crews into turmoil and disturb GPS, satellite, and other radio systems.
