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Between me and two friends who are all early in our careers, we’ve had very difficult times getting companies to move on salary. This was in SF, all within in t
by hamandcheese 8y ago
Between me and two friends who are all early in our careers, we’ve had very difficult times getting companies to move on salary. This was in SF, all within in the last 6 months.
On the other hand, all three companies increased our starting bonus substantially with hardly a fight.
For two of us the reasons were more or less “you’re already at the top of your salary band” and for the last the reason was they pay all new grads the same (only one of us is a new grad).
- lostcolony 8y agoAmusingly, that just encourages you to change jobs more often. Amortize that starting bonus over two years, basically.
- shady-lady 8y agoAre starting bonuses a solely US/SF construct? Have never seen them in Europe.
- lostcolony 8y agoI've gotten them elsewhere in the US, but can't speak to Europe. Usually they have strings attached; basically "work for us for a year or pay us this back". It's a good way to make the offer more attractive without it affecting the following year's budget, while also achieving a bit of risk management. Relocation usually stipulates the same thing; I know with a recent move and job change of my own, between signing bonus and relo costs, I probably would be looking at $50k if I walked away within a year, so yeah, they own me for that time. However I knew what I was getting into and so far am very happy there, so mutually beneficial.
- ObsoleteNerd 8y agoI got one in Australia 10 years ago, but it was for a US company (one of the big Telcos that has a presence here). It's the only time I've ever heard of them here (for IT) though. I definitely get the impression it's more a US thing from how often I hear about them here and on reddit.