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> no sane company is going to let go an employee who is valuable to them. You say that as if companies are sane. Management may think you are valuable to the
by scarface_74 2y ago
> no sane company is going to let go an employee who is valuable to them.
You say that as if companies are sane. Management may think you are valuable to them. But HR sets the salary bands. Management only has so much power over raises.
- bdangubic 2y agoI don’t disagree. however, I also think lots of people just don’t know how to negotiate. lots of people is complacent with “company policy, we do X% raise per year and no more” - however, if you go to your boss and say “hey, my performance is not up to par with my fair market value etc…” I think you’ll be pleasantly surprised what managers can pull with the HR. and if they can’t, that is unlikely a place you should stay
- scarface_74 2y agoFirst, statistics back me up. https://www.forbes.com/sites/bryanrobinson/2024/11/05/64-of-job-hoppers-say-frequent-moves-boost-career-mobility-and-salary/ https://www.forbes.com/sites/bryanrobinson/2024/11/05/64-of-... Let’s talk about the raises I have gotten from job hopping since 2014. I have been working a lot longer. But if the company could pay me more and thought I was worth more, then why didn’t they offer me that in the first place? 2012 I was working for a then F10 company (GE) after two years of across the board 3% raises, I left for a 25% raise in 2014. The manager couldn’t push for larger raises at GE. The entire team of 15 left within 6 months. Stayed at the next medium size company for 2 years and no raises. Left for another medium sized company for a 20% raise. Stayed there for two years and did a vertical move to get the chance to be on the ground floor when a startup hired a new CTO who wanted to bring all of the development in house and wanted to be “cloud native”. Two and half years later a job at BigTech fell into my lap - a 40% increase in comp. I was at BigTech for 3 years and took a pay cut when I left. But by then, I valued piece of mind and work life balance over money. Within a year of me working at the company, my current employer reached out to me. Pay was the same. But it was more aligned to what I wanted to do, better benefits and most importantly, unlimited PTO and I fully expect to take 30 days off this year. None of the HR departments at any of the companies were going to be willing to go from 4% raises to 20-40% raises.
- bdangubic 2y agoI think the way your career fantastically progressed is majority of people - 100%. my career has been the exact opposite of yours :) 17 years at same place then independent contractor last 9. at a place I stayed 17 years my ending compensation was 4.7 times my initial compensation (which was not small, I got my Master’s during dotcom boom). when I left to go solo route I was offered close-to-6-figure bump in salary to stay…