I think it’s easy to forget that it’s someones job to design employee compensation and they usually aren’t the same person or even team working on retention, benefits or recruiting. When they get rated on how well they do their job it’s mostly on how efficiently did you use our capital which means as they optimize for their reward they pay people the minimum they can get away with.
Yes! Teams should have a role for someone whose full time job is just that: designing employee compensation.
There is so much money to be made by companies in paying someone for this: think about how much lost productivity there is because underpriced employees aren't bothering to solve problems they have the skills to solve!
Essentially: someone who efficiently uses capital to pay themselves to find ways to give more capital to employees who can efficiently use it. Micro VC I guess you could think of it is? Like each employee is a place to invest capital, and that is inevitably disbursed as higher wages.
