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Increase in attrition across the industry. A lot of institutional knowledge in these massive tech corporations is disappearing and we're starting to reach the

by frays 5y ago

Increase in attrition across the industry. A lot of institutional knowledge in these massive tech corporations is disappearing and we're starting to reach the tipping point.

fragmede 5y ago
But there's always been attrition. What are some of the ways that is now different that is affecting attrition rates and their effects?
- stone-monkey 5y ago
  Probably increased salary and switch to permanent remote. Amazon is notorious for their frugality and they recently doubled their maximum salary cap to 350k. They would only have done this to stay competitive in the current job market. This implies that many of their existing employees are underpaid relative to their peers at comparable companies and they've likely seen a large uptick in attrition. Not to mention attrition begets more attrition, especially if it's "influential" employees who are leaving.
  - deleted 5y ago
    [deleted]
  - 9wzYQbTYsAIc 5y ago
    > Amazon is notorious for their frugality and they recently doubled their maximum salary cap to 350k Does that salary cap apply to regular enterprise developers working for HR, Accounting, etc., too? If so, kudos to Amazon.
    - sokoloff 5y ago
      Why wouldn’t the cap apply to those devs as well?
      - 9wzYQbTYsAIc 5y ago
        I can’t imagine why it wouldn’t. It’s just a little amazing to imagine that people doing the same work in different places of the country have such huge gaps in salary caps. I think the national average for a high-level software engineer is less than $150k per year.
- Spooky23 5y ago
  Things are bigger anywhere. My colleagues and I thought we’re hot shit managing 5-7k applications and infrastructure. Amazon probably runs 20,000 orgs like mine. Also, times are good and rates are crazy. Even at VARs, you can make a lot of cash. I have a buddy who went from $150k to $600k. The guy paid off his mortgage and is at a point where he could burn out and work at Home Depot if he needed to.
thethethethe 5y ago
See my comment here: https://news.ycombinator.com/item?id=30621190 https://news.ycombinator.com/item?id=30621190

by frays 5y ago

Increase in attrition across the industry. A lot of institutional knowledge in these massive tech corporations is disappearing and we're starting to reach the tipping point.

fragmede 5y ago

But there's always been attrition. What are some of the ways that is now different that is affecting attrition rates and their effects?

stone-monkey 5y ago
Probably increased salary and switch to permanent remote. Amazon is notorious for their frugality and they recently doubled their maximum salary cap to 350k. They would only have done this to stay competitive in the current job market. This implies that many of their existing employees are underpaid relative to their peers at comparable companies and they've likely seen a large uptick in attrition. Not to mention attrition begets more attrition, especially if it's "influential" employees who are leaving.
- deleted 5y ago
  [deleted]
- 9wzYQbTYsAIc 5y ago
  > Amazon is notorious for their frugality and they recently doubled their maximum salary cap to 350k Does that salary cap apply to regular enterprise developers working for HR, Accounting, etc., too? If so, kudos to Amazon.
  - sokoloff 5y ago
    Why wouldn’t the cap apply to those devs as well?
    - 9wzYQbTYsAIc 5y ago
      I can’t imagine why it wouldn’t. It’s just a little amazing to imagine that people doing the same work in different places of the country have such huge gaps in salary caps. I think the national average for a high-level software engineer is less than $150k per year.
Spooky23 5y ago
Things are bigger anywhere. My colleagues and I thought we’re hot shit managing 5-7k applications and infrastructure. Amazon probably runs 20,000 orgs like mine. Also, times are good and rates are crazy. Even at VARs, you can make a lot of cash. I have a buddy who went from $150k to $600k. The guy paid off his mortgage and is at a point where he could burn out and work at Home Depot if he needed to.

thethethethe 5y ago

See my comment here: https://news.ycombinator.com/item?id=30621190 https://news.ycombinator.com/item?id=30621190