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if the salary of a role is 100k and you can pay seniors up to 400k (or some number). After some point, it won't make sense financially to increase salary as you
by android521 2y ago
if the salary of a role is 100k and you can pay seniors up to 400k (or some number). After some point, it won't make sense financially to increase salary as you can hire people for this role with much less. So the limit of the pay is set by market. If engineers want bigger and bigger pay, they would need to change to other roles that pay more.
- metabagel 2y agoIt doesn’t seem to work that way. It seems like you need to seek new employment every 4 years or so in order to maximize your salary, unless perhaps you are working at a FAANG company, in which case perhaps it might be difficult to get an offer competitive with FAANG compensation.