Staff turnover is never comfortable, but sometimes it’s unavoidable. In this episode, we examine our experiences of turnover against the backdrop of the current labor market in the web3 space. The market has evolved significantly in the past ten years, and today, we look at what that means for employers and discuss ways to smooth the turnover process.

TIME-STAMPED SHOW NOTES:

• [00:11 ] The challenge of employee turnover.


• [00:49 ] The current labor market in the web3 space.


• [01:39 ] The Fed Put explained.


• [02:04 ] The evolution of the labor market in the world of technology.


• [03:02 ] What the current employer’s market means for hiring in the web3 space.


• [03:40 ] Wil’s recent experience of losing a team member and hiring two more.


• [04:21 ] The importance of getting comfortable with the idea of turnover as your company grows.

Tweetables:

“Now it’s very much an employer’s market which means that if you’re an employer, you can scoop up talent and you’ll get people that are not as entitled, and you’ll probably get a better price as well.” — @ericosiu [0:03:02 ]

“In reality, there are actually a lot more professional people who are a lot more capable at a much more reduced cost.” — @wilxlee [0:03:57 ]

Links Mentioned in Today’s Episode:

Wilson Lee on Twitter

Wilson Lee on Instagram

Eric Siu on Twitter

Eric Siu on Instagram

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