Australia works a little differently than US and CCE being in a niche (wave) market adds to that.
I think we are just beyond the "initial phase" where you want the best department heads (the entrepreneurs) like Craig Silverstein (google), Dustin Moskovitz (Facebook) - yes they are from silicon valley - who then build a team etc. We are employing people in an energy business that has wave R&D rather than a wave R&D company (as it was a couple years back). Don't get me wrong if a genius becomes available entice them with bonuses or share options etc (to a point).
From my experience working in Australia in the civil engineering field you go for a job, you get the job, after some years of busting a gut you get offered associate partner and in time full partner this is when your shares (that you often buy) etc will really kick in if you are a loyal employee and business is successful. Some just move on. At SKM I have seen one or two guys get brought in as a full partner (the share plan as it turns out was an incentive that paid off). When SKM got bought out by Jacobs a lot of partners became wealthy. These were generally staff who had put in time over multiple years, in some cases from being a graduate. While some staff at SKM were brought in as they were leaders in their field it generally was just a better pay packet rather than other bonuses, share options etc.
Sure there are players out there that would operate differently. And some may forgo a large pay packet with share options or bonuses just to get the job and get that company name on their resume.
Work culture change is inevitable and maybe we will end up like Silicon Valley but I don't see it in the short to mid term in Australia.
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CCE Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
