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> This problem exists at big tech and startup,

Big tech or startup status are not correlated with top talent. I've seen the whole spectrum of low to high talent from both places.

> in companies that spend fractional multipliers of the average salary on engineers as well as those who pay poorly

Pay and top skill are only slightly correlated, unfortunately.

> Top talent does not exist.

It does exist. I've seen it, but most managers don't know how to find it, identify it, and retain it.



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