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As a counterpoint , at most big tech companies that value their engineers, promotions are usually > 20% compensation increases. There’s many reasons why FAANGS
by edmundsauto 5y ago
As a counterpoint , at most big tech companies that value their engineers, promotions are usually > 20% compensation increases.
There’s many reasons why FAANGS dominate, but one reason is their ability to attract and retain talent.
- ptudan 5y agoNot always though. A lot of companies have pay bands that nearly overlap. You can be performing well and be near the top of your band, get promoted, and then the raise to near the bottom of the next band is pretty minimal.
- TechieKid 5y agoIs this across titles or even for promotions within the same title?
- jacobr1 5y agoPromotions within the same title ... aren't really promotions.
- nly 5y agoI've worked at companies where titles beyond junior & senior (and "senior" means 3 years experience) don't exist
- edmundsauto 5y agoAFAICT, these companies don't really promote within a title - they use a leveling system. The definition of a promotion is to move from one level to another. Vague job titles like "senior" or "junior" can be useful in limited circumstances, but if a company can promote you within the same title, it's a bit of a smell.