4 ms·

>With those 1 or 2 percent raises being a norm almost everywhere, it's hardly a reason to actually leave the company. But it is a reason to leave the company b

>With those 1 or 2 percent raises being a norm almost everywhere, it's hardly a reason to actually leave the company. But it is a reason to leave the company because you can easily get 10% or more switching jobs. >occasional hiring and training costs. Hiring and training costs are enormous, and they aren't occasional when you're talking about software companies with very high turnover. If you're incentivizing job hopping every few years, the average programmer at your company could be spending 25% or more of their tenure ramping up to full capacity.

aphextron 5y ago
>But it is a reason to leave the company because you can easily get 10% or more switching jobs. Depends on the company. Mine is 100% remote since COVID, has generous benefits, a strict 9-5 M-F culture, and plenty of interesting work to do as much (or as little) as I have an appetite for. I make maybe 10% under market rate, but it would take at least a 50% raise to get me to leave. That's never happening, as it would be well over what anyone short of FAANG would pay for a senior dev, so there are definitely intangibles about a work environment that are worth more to me than another $15-$20k a year.
- learc83 5y ago
  Right but there's an assumption of all else being equal when making a comparison like that. Obviously you can get away with paying below market rates if you provide some other benefits to make up for it.
- pessimizer 5y ago
  What if there are identical "intangibles" at the place offering you a 10% raise?
  - omgwtfbbq 5y ago
    Unless you know someone inside the company I'd guess that's pretty hard to judge from the outside or through a few interviews.
anaerobicover 5y ago
Seconding this. I was in my previous position at a little under 5 years, with in fact substantive raises (8-10%) each. But still I jumped 15% immediately in base salary by joining to another company.

aphextron 5y ago

>But it is a reason to leave the company because you can easily get 10% or more switching jobs. Depends on the company. Mine is 100% remote since COVID, has generous benefits, a strict 9-5 M-F culture, and plenty of interesting work to do as much (or as little) as I have an appetite for. I make maybe 10% under market rate, but it would take at least a 50% raise to get me to leave. That's never happening, as it would be well over what anyone short of FAANG would pay for a senior dev, so there are definitely intangibles about a work environment that are worth more to me than another $15-$20k a year.

learc83 5y ago
Right but there's an assumption of all else being equal when making a comparison like that. Obviously you can get away with paying below market rates if you provide some other benefits to make up for it.
pessimizer 5y ago
What if there are identical "intangibles" at the place offering you a 10% raise?
- omgwtfbbq 5y ago
  Unless you know someone inside the company I'd guess that's pretty hard to judge from the outside or through a few interviews.

anaerobicover 5y ago

Seconding this. I was in my previous position at a little under 5 years, with in fact substantive raises (8-10%) each. But still I jumped 15% immediately in base salary by joining to another company.