4 ms·

You don't get promoted by staying at a company. You get promoted by leaving for companies who value you more.

• scarface74 9y ago
  I agree completely. Only twice in my career have I gotten a significant (> $10K) raise staying at a company and that was really early on in my career. I started job hopping every 2 - 2.5 years since 2008 and I've seen increases of $7K,10K, 21K, and 18K. Btw, I'm not bragging. I'm still just barely on the right side of the bell curve as far as salary for my local market. It's just that salary compression is real. Companies would rather lose employees and pay their replacements T market rate than pay to keep good employees.
  • muzani 9y ago
    This happens because the difference in revenue/profit for tech is huge. One company might make $1000000 per employee, another might lose $2000 per employee. All bosses want to pay their staff well, but few can afford it as well as the next guy.
    • scarface74 9y ago
      It doesn't matter what the state of the company's margins are. If they need a certain skill set, they are going to have to pay market value. True, if they only need junior developers and you've worked your way up to be a senior dev as far as skill set, you may be more than the company needs.