2 ms·
> If there is a shortage of talent even without inflation, your market rate will rise. True, but rarely will a current employer keep your salary at the market
by Sohcahtoa82 5y ago
> If there is a shortage of talent even without inflation, your market rate will rise.
True, but rarely will a current employer keep your salary at the market rate. You have to jump ship to get the market rate.
I doubled my salary in July by jumping ship. My old job was way under market rate, and management knew we were under market. They'd rather have turnover than give raises to keep up.
- kerbs 5y agoI agree companies have a current vs new hire agility problem relating to the market rate. It don't think this is reflective of CoL adjustments. For the past 10-15 years, the market rate has far outpaced CoL—yes even in the Bay Area (assuming FAANG-like companies and startups)