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> There comes a point where the money just isn't a motivating factor anymore That's cuz your numbers are too small. Offer a 50% raise instead of a 20k raise an
by acchow 5y ago
> There comes a point where the money just isn't a motivating factor anymore
That's cuz your numbers are too small. Offer a 50% raise instead of a 20k raise and you will see different results.
> Yes I could quit and get a ~20k raise by shopping my resume around, but I don't need the money
Plenty of stories on Blind of people shopping around and going from 150k TC to 350k TC, so I guess it really depends on your situation.
- humanrebar 5y agoThis. Also, those highly paid engineers in other companies might be tired of working on surveillance tech but aren't willing to stomach 50% pay cuts because your company is shooting for "market rate" compensation instead of market clearing compensation.
- tickerticker 5y agoInsight and nuance. Nice.
- throwawayboise 5y agoNah, not for some. I've never made a six figure salary. I have quit jobs in the past that would be six-figure jobs in today's market. They demand too much time and become the central focus of your life and identity. That's not for me.
- shostack 5y agoDon't forget to tax out of that. And if they are well compensated to begin with that's at a high tax bracket. And for some of these people, the remaining amount just isn't worth it.
- emodendroket 5y agoMaybe so. But if you're not getting wildly underpaid those opportunities are few and far between.
- alkonaut 5y ago50% raises are extremely rare to get once you are an established Engineer in my experience. At least if you want to keep the other factors (working time, city etc) and not simply advance by switching to management or similar. One way is to try switching from a regular industry job to a “giant” such as a FAANG. But these are quite rare in most countries. Another way would be switching into specific industries like finance - but the high comp there traditionally means giving up some other things such as a guaranteed 40h-or-less workweek. Hard pass from many established engineers. A third option would be switching to a larger share of non cash comp, but again, equity large bonuses are not commonly part of European comp and comp in traditional industry.