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WSJ didn't get the memo. Most "promotions" aren't worth it. You get more responsibility with very little boost in compensation. You're better off switching com

by akulbe 3y ago

WSJ didn't get the memo. Most "promotions" aren't worth it. You get more responsibility with very little boost in compensation. You're better off switching companies.

jsyang00 3y ago
In this economy?
nsonha 3y ago
but you have to accumulate those little boosts to eventually reach C or D level where the compensation reaches a whole new level. This is like saying it aint worth studying because you still won't be employable by the end of the school year
- frozenport 3y ago
  lol, you aren't getting a promotion to C level by hanging out in engineering. Best case you'll be some IC that is paid as much as a team lead.
  - nsonha 3y ago
    > Best case you'll be some IC that is paid as much as a team lead. How about being... the team lead? And where do they go? You think they just become team leads and then retire?
    - tock 3y ago
      I mean ..... yeah. The other path is becoming a manager. But no-one is really being promoted into the C tier.
    - frozenport 3y ago
      Yes. You can maybe lead larger projects, and bigger teams, but ultimately its not a path to C suite. Path to C suite in tech is mostly founding, occasionally odd things like board membership, venture capital.
      - nsonha 3y ago
        CTO?
antasvara 3y ago
What if you like the company you work at? It's no small thing to feel comfortable with the work that you do and the people that you work with. Even if a promotion comes with more responsibility and modest pay bumps, that's often better than rolling the dice on a new company in the hopes of more money and the same comfort level. Many people also don't have hundreds of employers lining up at their door to hire them. Even if they are, it's not necessarily for a bunch more money.
NoPicklez 3y ago
That is very VERY dependent on the industry and the type of work you do. Completely rubbish in some lines of service.
fullspectrumdev 3y ago
Yep, either the promotions come with massive jumps in responsibility and fuck all jump in TC, or you find yourself basically promoted into a dead end position anyway where further career growth isn’t possible (there’s literally nowhere to go). This is very common for engineers. Moving job is usually the more effective way to get more money, and at the end of the day, it’s the money that matters.

by akulbe 3y ago

WSJ didn't get the memo. Most "promotions" aren't worth it. You get more responsibility with very little boost in compensation. You're better off switching companies.

jsyang00 3y ago

In this economy?

nsonha 3y ago

but you have to accumulate those little boosts to eventually reach C or D level where the compensation reaches a whole new level. This is like saying it aint worth studying because you still won't be employable by the end of the school year

frozenport 3y ago
lol, you aren't getting a promotion to C level by hanging out in engineering. Best case you'll be some IC that is paid as much as a team lead.
- nsonha 3y ago
  > Best case you'll be some IC that is paid as much as a team lead. How about being... the team lead? And where do they go? You think they just become team leads and then retire?
  - tock 3y ago
    I mean ..... yeah. The other path is becoming a manager. But no-one is really being promoted into the C tier.
  - frozenport 3y ago
    Yes. You can maybe lead larger projects, and bigger teams, but ultimately its not a path to C suite. Path to C suite in tech is mostly founding, occasionally odd things like board membership, venture capital.
    - nsonha 3y ago
      CTO?

antasvara 3y ago

What if you like the company you work at? It's no small thing to feel comfortable with the work that you do and the people that you work with. Even if a promotion comes with more responsibility and modest pay bumps, that's often better than rolling the dice on a new company in the hopes of more money and the same comfort level. Many people also don't have hundreds of employers lining up at their door to hire them. Even if they are, it's not necessarily for a bunch more money.

NoPicklez 3y ago

That is very VERY dependent on the industry and the type of work you do. Completely rubbish in some lines of service.

fullspectrumdev 3y ago

Yep, either the promotions come with massive jumps in responsibility and fuck all jump in TC, or you find yourself basically promoted into a dead end position anyway where further career growth isn’t possible (there’s literally nowhere to go). This is very common for engineers. Moving job is usually the more effective way to get more money, and at the end of the day, it’s the money that matters.