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It's not just giving more money. If I stay at my current company and ask for a significant raise, that usually comes with more responsibility... Whereas if I ju
by lmarcos 4y ago
It's not just giving more money. If I stay at my current company and ask for a significant raise, that usually comes with more responsibility... Whereas if I just switch jobs, that usually means more money for doing the same.
- kqr 4y agoSure, but paying someone who's been with you for two years more for the same job still beats paying a new hire more for the same job, which is what often happens in practise.
- RhodesianHunter 4y agoOn a case by case basis yes, but in aggregate many people end up staying because they're risk averse. The game the company is playing is trying to walk the line where the amount they're underpaying the risk averse who don't leave more than makes up for the turnover cost. From an engineering perspective we know this leads to worse outcomes in terms of velocity and code quality, but those things are not quantifiable in a way that satisfies the bean counters.