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Saturday, January 20, 2007

Cash Is King & Options Take A Backseat

I had a dinner meeting with a CTO of a startup from the valley yesterday- few years back he had started his own venture and closed it down in the early part of the decade and joined this startup. While discussing various points one thing that came out clearly was that the valley is getting hot again. Amy Vernetti, an executive recruiter reports, "We are now seeing the inevitable return of rising cash compensation packages, candidates with multiple offers and yes, ¦the signing bonus is back!!! The bonus was popular during the silly period of the late 1999, but universally hated by employers and investors. It's surprising to see it come back, but the good news is, we haven't seen too many of them - yet." She also has some interesting lessons learnt in high tech companies recent struggles for talent. Some of the things highlighted by her:
- Candidates are far savvier this time around about equity compensation but cash is now equally important.
- Candidates know the market for talent is heating up and the best ones aren’t in the mood to negotiate,
- Reference checking must be done discreetly and quickly

Clearly the war for talent is heating up.

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
"All views expressed are my personal views are not related in any way to my employer"