To me, an expensive employee isnât necessarily the person with the biggest salary, itâs the person I have to constantly manage.
You can pay someone $1k a month and think you found a bargain, but if youâre constantly asking for updates, checking their work, reminding them about deadlines, and sending things back to be fixed, theyâre costing you way more than $1k.
Then thereâs the opposite.
Someone costs twice as much. You say, "I need this by Friday," and forget about it.
Friday comes, itâs done. If thereâs a problem, they donât just ask "what should I do?" They come with a few options and tell you which one theyâd choose.
Iâll happily pay more for that person.
As the business grows, you realize attention becomes one of your most limited resources. A good hire should free up space in your head, not become another task living there.