3 ms·
My last company would insist that they couldn’t give promotions or significant raises. Until you came in with an outside offer, then they’d roll out the red car
by freyir 8y ago
My last company would insist that they couldn’t give promotions or significant raises. Until you came in with an outside offer, then they’d roll out the red carpet and bend over backwards to keep you.
It breeds distrust, discontent, and disloyalty.
The best people don’t like this and leave. They company is left with people who can’t land outside offers. And the company ends up needing to pay market rate anyway to replace the good people who left.
Idiotic.
- msoad 8y agoThis works for the company because most people don't bother interviewing and coming up with a counter offer. In my previous company the best of the best would leave because company had this blanket policy that they would never do a counter offer. But in overall it was good for the company because they were able to retain most of engineers with raises as little as 1% and no stock refreshers.
- freyir 8y agoI actually prefer that policy. At least they stuck to their guns. We had an inexperienced junior dev come in with an “amazing offer.” This signaled to management that he must be amazing, so they offered a promotion to team lead to keep him. Half the team quit within a month, then he proceeded to run everything into the ground. There was a certain amount of shadenfreude watching that play out.