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Deciding to finally start demanding bigger raises from my employers by firing them and joining new companies.
by foxhop 10y ago
Deciding to finally start demanding bigger raises from my employers by firing them and joining new companies.
- kelukelugames 10y agoHere's to switching jobs to fight pay compression. https://en.wikipedia.org/wiki/Compa-ratio https://en.wikipedia.org/wiki/Compa-ratio
- Pirate-of-SV 10y agoHow do you do this exactly? Do you threaten to leave if you dont get X in salary or is it more implicit that you quit and the next company give you a salary that is closer to X than the previous?
- foxhop 10y agoNo, I just leave. In the last 4 years I have tripled my salary. At a lot of companies there is a a max promotion of like 10-15% - often times companies will only give 3-5% increases, I deal with that once and then move on. I've gotten 30% increases each time I leave. My mantra has become, "The only way up is out" That said, I have a "remote only" policy, I don't entertain relocating (I have two houses in my town) and I have already tried and left both of the local industries in close proximity after getting "stuck". Reference: http://russell.ballestrini.net/career-development-is-a-game-of-chutes-and-ladders/ http://russell.ballestrini.net/career-development-is-a-game-...
- bbcbasic 10y agoI am guessing your plan presumbly works when either 1. Engineer is early in their career so lot of scope of raises in early years by moving. 2. Market moves and suddenly you are paid below market rates so you move to level up 3. You are upskilling or taking on more responsibility in the move each time.
- nojvek 10y agoI work at a well recognized soft company. First year SDE's get paid more than me with a fat signing bonus because they come from Stanford. I've been working for 3 years now. 5 years prior experience. As a L1 you don't have much negotiation leverage.