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You can do that, but it comes at the cost of no wage increases. If you can’t leave, you have no leverage.
by throwawaysleep 3y ago
You can do that, but it comes at the cost of no wage increases. If you can’t leave, you have no leverage.
- owenmarshall 3y agoI could go into consulting or start my own business – the highs would be way higher, but the risk of lower lows even worse. On the other end of the spectrum, I could accept a 50%+ wage cut in exchange for an exceptionally stable job & a defined benefit pension. Even in the private sector my risk can vary: hyper aggressive startup that pays in equity, long-tenured industrial that has an OK salary and 401k. I'm a shade closer to the startup risk profile, but that's just me. Plenty of employees are entirely willing to stay on the conservative end of the scale & give up chances for big returns - heck, some even give up anything beyond marginal cost of living adjustments! - in exchange for working at a stable company that is slow to hire, slow to fire. But that's an exchange ... if company leadership isn't trusted, good employees won't take that deal because bad leadership = an unstable employer.