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It's mostly because it is taboo to give a pay rise above 15% to retain someone (unless promoting) but most companies are willing to spend more than that differe
by DoingIsLearning 4y ago
It's mostly because it is taboo to give a pay rise above 15% to retain someone (unless promoting) but most companies are willing to spend more than that difference on new hires to match the market rate.
I am sure there is some sort of game psychology explanation on HR's behaviour and equally, from an employee perspective, the cost/inertia of following through with a job change will probably weight in HR's favor.
- geraldwhen 4y agoMy company has paid double digit raises regularly. I’ve still seen people leave for internal transfers because they think the grass is greener. Money is why a lot of young devs quit, but it’s not the only reason.
- fartcannon 4y agoYou shouldn't dox yourself by answering this, but I sure wish you could tell us which company is giving double digit raises every year... I'm over here languishing at less than 2% at best, having to leave every year or so just to get the necessary bump.