3 ms·
It's this kind of thinking why I have left several jobs and immediately got a 20% more money at my next job - the company I was with didn't keep up with market
by NateDad 11y ago
It's this kind of thinking why I have left several jobs and immediately got a 20% more money at my next job - the company I was with didn't keep up with market rates. It's ridiculous, because my knowledge of their software makes me worth MORE than someone with the exact same skills and background who is new to the team. It is this short sighted "try to save 20k a year" that causes so much turnover at companies. If you have a good engineer, give them raises constantly, or they'll just leave for a new job that pays them more. The 20k you might save is WAY less than what you'll pay to get a new dev who doesn't have nearly the same institutional knowledge as the one you lost.
- dmd149 11y agoI think it's great you were able to get 20% pay bumps just by moving. Are you saying this is a bad thing? Did any of those companies end up being a better experience than the companies you had just left?
- NateDad 11y agoI'm saying it's bad for the company. They lose my institutional knowledge and have to pay the costs of getting a replacement, simply to try to save a relatively tiny amount of cash by not paying me more and hoping I don't notice.
- dmd149 11y agoIt's true they lose institutional knowledge, but it's possible they get someone better to replace you (you in the general sense). I think these shake ups are generally good for an industry as a whole, even though it may (or may not) be good for any individual company.