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Tesla Offers Lower Salaries Than Its Top Competitors. The Reason Why Is a Brilliant Lesson in Great Leadership

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Name recognition in a company is generally a good thing–and can be very helpful when it comes to recruiting. But that’s not the reason Tesla can get away with lower salaries than those offered by their competitors. (And by competitors, I mean companies who compete for the same talent, not necessarily companies who

m

ake the same products.) The reason is Elon Musk‘s compensation strategy, which may not seem logical at first glance. But there is a method behind it: according to a Business Insider analysis of Tesla data from 2021 (which, granted, is a long time ago in the world of hiring), Tesla pays less

in straight salary

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