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In the past, giant stock grants could convince people to stay sans a raise/promotion, but with vesting periods increasing or being staggered and an understandab
by filmgirlcw 8y ago
In the past, giant stock grants could convince people to stay sans a raise/promotion, but with vesting periods increasing or being staggered and an understandable uncertainty in sustained stock growth (you could do really well or not, depending on when your shares are purchased), it’s totally understandable that someone would
leave for another company to get a pay raise or promotion.
Boomerang employment is super common too (you don’t get your promotion/level bump so you go to competitor X who hires you at s higher level and salary. You do your 2 years and then return to company Y at a higher level/better salary, in less time than it would take to earn a promotion using the system.).
I don’t know if this is sustainable — but I don’t fault anyone who does this or thinks about it. And because it’s so common, it’s not like it looks bad on a resume, because loyalty isn’t valued the same way anyway.