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I agree with your calculations but some managers seem to not have done this math yet.

As result, what we have are poor hiring evaluations, horrible onboarding, etc.

It's exactly those managers that are the problem. They're incompetent and not needed for self-managed agile teams. So they keep rotating developers to safeguard their positions.

Meanwhile those managers are getting the salaries that better be spent on a team of great developers.

I think it is also how budget for hiring seems to be allocated. New funding round, hire a bunch, got budget approved, hire a bunch. Senior management and above seems to not like to give money with time conditions against their expectations.

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