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If you switch companies every two years for your first ten years, you make 50% more than someone who changed once. Companies have set it up so you must optimize
by coryrc 7y ago
If you switch companies every two years for your first ten years, you make 50% more than someone who changed once. Companies have set it up so you must optimize your resume to get a competitive salary. Now, start giving 10% yearly raise as standard and maybe employees can afford to work on simple solutions.
- t-writescode 7y agoI don't know. I'm a pretty big fan of staying with a company that treats me well and pays me well enough. I don't need a 300k / year salary when I have a team that respects me and that I respect and we work on interesting problems together.
- scarface74 7y agoA company that respects you wouldn’t pay you under market value. If the same company had to hire someone else with your same skillset as they expand or replace a coworker, they would pay them market value. They would have to offer competitive salary. When that happens, you find new employees making more than equally skilled existing employees. It’s called salary inversion.
- t-writescode 7y agoWell, some companies don't make enough to pay you market value; but, the company I worked for was not paying higher wages for the newer employees than myself and I got pretty regular, pleasant raises.
- scarface74 7y agoWhy would I sacrifice my finances because a company that didn’t have a business plan that allowed them to pay their employees market value? If the owner’s sold the business would they give you part of the proceeds? I bet they talk about the company “being like a family”, don’t they?
- t-writescode 7y agoWell, let’s see. We did hackathons and competitions with nearly all employees in the company and many of the hackathons resulted in products or internal changes that went on to live in production and help grow the business. I had stock in the company, as well, so my improvements to the company could impact my own money. It remains the best company I’ve ever worked for. Small and my opinion and actions actually had real impact to core features of the company, so :) Worth it, I think.
- scarface74 7y agoNow if you have significant equity in the company, that’s an entirely different story....
- t-writescode 7y agoI didn’t have significant equity. I had a few thousand dollars. I did have direct influence into huge and important parts of that business, though and I really, actually was respected and given broad rein in what I could do. My coworkers and I also tended to have a great time working, and I had direct lines to the CTO. We talked often.