4 ms·

Yeah, the same, like I have been living in alternate universe throughout my career. For every business I have been, engineers have been treated very well. Typic

Yeah, the same, like I have been living in alternate universe throughout my career. For every business I have been, engineers have been treated very well. Typically the problem has been always recruiting developers, for all other roles people keep lining up. Leadership is not that stupid to drive them away.

throwawaysleep 5y ago
The median tenure in our industry says they are excellent at losing people.
- emaginniss 5y ago
  Or that we are a highly valuable and mobile workforce who are constantly on the lookout for more lucrative and interesting roles.
- belval 5y ago
  It's more of a compensation thing though, I have yet to work for a company that increases your salary at about the same rate as their new hires' salary. So you end up with this weird scenario where I have a job that I like, but I get +10k for switching after 1-2 years. For some FANG companies that even works for promotions, they won't give you a promotion, but if you leave you can be re-hired at the next level after ~1-2 years.
  - throwawaysleep 5y ago
    This is my point though. You are only valued until you have signed on the dotted line. As soon as you have done that, they give far less consideration to you. New recruits can get a far better package than people already there. Your replacement will get paid more than they were willing to pay you.
    - nobodyandproud 5y ago
      The worst of it is the time spent by the remaining team, interviewing and re-training thanks to the constant churn.
  - kevinventullo 5y ago
    For FANG, even if you get promoted, you are still financially better off leaving and getting rehired (or hired at an equivalent level elsewhere) with a new compensation package at the new level. The problem is that the day you are promoted, you don’t actually make that much more in TC because so much of it comes from equity, which is only updated once a year and stretches for four years. Thus, it takes up to four years to hit the steady-state comp at the new level. In contrast, new hire packages need to be competitive for folks who have already been at their level for many years.
nobodyandproud 5y ago
> Leadership is not that stupid to drive them away. Oh, but they are that stupid.

throwawaysleep 5y ago

The median tenure in our industry says they are excellent at losing people.

emaginniss 5y ago
Or that we are a highly valuable and mobile workforce who are constantly on the lookout for more lucrative and interesting roles.
belval 5y ago
It's more of a compensation thing though, I have yet to work for a company that increases your salary at about the same rate as their new hires' salary. So you end up with this weird scenario where I have a job that I like, but I get +10k for switching after 1-2 years. For some FANG companies that even works for promotions, they won't give you a promotion, but if you leave you can be re-hired at the next level after ~1-2 years.
- throwawaysleep 5y ago
  This is my point though. You are only valued until you have signed on the dotted line. As soon as you have done that, they give far less consideration to you. New recruits can get a far better package than people already there. Your replacement will get paid more than they were willing to pay you.
  - nobodyandproud 5y ago
    The worst of it is the time spent by the remaining team, interviewing and re-training thanks to the constant churn.
- kevinventullo 5y ago
  For FANG, even if you get promoted, you are still financially better off leaving and getting rehired (or hired at an equivalent level elsewhere) with a new compensation package at the new level. The problem is that the day you are promoted, you don’t actually make that much more in TC because so much of it comes from equity, which is only updated once a year and stretches for four years. Thus, it takes up to four years to hit the steady-state comp at the new level. In contrast, new hire packages need to be competitive for folks who have already been at their level for many years.

nobodyandproud 5y ago

> Leadership is not that stupid to drive them away. Oh, but they are that stupid.