3 ms·
If a company wants to lure a software engineer away from their current company they need to provide enough of an incentive for them to leave their current work
by boringg 6y ago
If a company wants to lure a software engineer away from their current company they need to provide enough of an incentive for them to leave their current work place. I would wager most people probably wouldn't change their job (assuming they are content) for anything less than a 20% bump (all else being equal) but I would say people probably would want a higher bump than that.
20%:
@ 100k --> 120k. @ 200k --> 240k. @ 300k --> 360k.
30%:
@ 100k --> 130k. @ 200k --> 260k. @ 300k --> 390k
- esolyt 6y agoI know people who changed jobs for a salary lower than their current one. Sometimes people just don't enjoy what they are doing and they would rather work at a place they love.
- ghaff 6y agoThat can be the case. But the basic point is that jobs are usually at least somewhat sticky, if only because there's always a risk moving somewhere new. (The devil you know and all that.) Also, while some people will move to a good new opportunity for less money, I imagine it isn't super-common until you get into money is mostly about keeping score level. Many/most people have a lifestyle that's somewhat aligned with their salary do dropping it by 20% is probably fairly significant.
- JAlexoid 6y agoThat's nonsense. It's not always about the money. However, most people would leave if made aware of a relatively large gap in their salary vs the market. I left for a $2k annual raise, but that wasn't because I wanted a raise.
- boringg 6y agoI’m saying all else equal. Totally agree there are a million reasons to change jobs.