Re: [nycpython] [JOB] Python Developer for FinTech startup

From: Marc S.
Sent on: Wednesday, April 17, 2013 12:45 PM
Give them a 2 year contract, spell out everything including renewal terms and buy out, and bring them on.  This is harsh but as an an employer or an employee you are entitle to the loyalty you buy by what you bring to the table.  Ie something like a 90 day try and buy then buy for a 2 year term.  This is effectively what startups do with stock.

marc


On Wed, Apr 17, 2013 at 12:39 PM, Roy Smith <[address removed]> wrote:
On Apr 17, 2013, at 12:09 PM, Gloria W wrote:

Yes, there are Python freelancers who take these types of jobs, based on the hourly rate and type of work, etc.

I would argue that given the current market, nothing can be deemed "stable" any more. What is commonly called a "permanent job" is usually more volatile than many contracts I have worked on, in more subversive ways than short term contracts, because the volatility is often hidden from the employee until the last minute.

Plus, looking at the lifespan of any really good developer at any company, it averages less than two years if that person has little or no ownership in the company. Those who "know what they're doing" have a constant flow of options presented to them.

This has been a real eye opener for us during our current recruiting phase.  One of the first things I look at when I see a resume is how long the person has averaged at their previous positions.  We see a lot of resumes which list a sequence of supposedly permanent positions and average out to between 1 and 2 years at each.  We saw one recently that averaged 10 months.  In my mind, that's a major down-check.  How can we hire somebody, expect to invest time and effort to bring them up to speed on the project (not to mention shell out a recruiter fee of several months salary), when we know they're going to leave in a year.


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Roy Smith
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