• dkc@lemmy.world
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    5 months ago

    I made the mistake of becoming a manager about 4 years ago. This is one of the most frustrating parts of the job. If you have a good relationship with your team they’ll usually tell you something like “I’ve been getting contacted about other offers, here’s what they’re offering.”

    It’s usually about a 20% bump. I’ve not once been able to convince the company I’m at to match it. Usually the best I’m allowed to do is something like a 5-6% raise in the next salary increase cycle.

    I’ll usually know for 2-3 months a team member is leaving before it actually happens because of this. Of course, if I’m allowed to hire a replacement they’ll let me pay market value.

    Job hopping is definitely the best way to get a pay increase.

    • A_Random_Idiot@lemmy.world
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      5 months ago

      I just dont understand that logic

      “Oh god, this guy wants a raise? Fuck him, he wont get anything… but when he quits, hire his replacement at what he was asking for, or higher”

      and they wonder why loyalty isnt a thing anymore

      • HeyJoe@lemmy.world
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        5 months ago

        And even if that guy they hire is really good, there is still a large period of time where that person has to learn the ropes and is most likely less useful than the person who already knew the ins and outs. Also, most of the time, they are never as good…

      • shalafi@lemmy.world
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        5 months ago

        It’s a bit messy for the employer. You can’t just hand out 20% raises every time someone threatens to leave. Then everyone would be threatening to leave. And that’s a hefty cost to add to what’s likely your largest operating expense. Also, that’s not just 20% in the employee’s pocket, there are additional costs like unemployment insurance and the like.

        OTOH, unless your employee plain sucks or the job is simple, it’s almost always better to keep them than train a replacement. Tribal knowledge is valuable knowledge.

        And no, only very small-time employers expect loyalty. They understand the game, and we should as well.

        Funny that lemmy whines and moans about capitalism all day, without realizing they can play as well. Jumping jobs over the last 11 years got me $14 > $22 > $39. Been at this place 5-years, thinking about jumping ship again. Probably put me over $100K with a little luck. Oh, and I’ve never had such fat benefits or worked less. From home to boot.

        Related: When we first moved here, a friend started at an oil change place, well below his skill set and previous pay. Kept job hopping and stacking his resume, now he’s the top service manager at the largest auto dealer group. He quit moving, guess he’s fat and happy. Sure drags in the $.

  • hobovision@lemm.ee
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    5 months ago

    Clickbait.

    Article is nearly 10 years old.

    Article contains no studies or surveys showing this result.

    The 50% figure is calculated by assuming a paltry annual raise and consistent large pay bumps by switching companies.

    • 5too@lemmy.world
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      5 months ago

      Then you realize, since your raises no longer even keep up with inflation, your current job is now underpaying you - making it more difficult to hold on to what you do have.

      • LikeTearsInTheRain@lemmynsfw.com
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        5 months ago

        Or alternately you jumped around a lot, make much more than your peers, and getting towards mid/late in your career where you become the target of layoffs for costing more than everyone else.

        • Lets_Eat_Grandma@lemm.ee
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          5 months ago

          You get laid off… and then one of your connections from the last 15 roles has an open position that you fit in.

          alternatively: you as 50something tech worker who has only had one gig for 15 years gets canned for whatever reason goes to the streets and every single employer who interviews you sees just how out of date you are with technology because you haven’t learned anything new in forever. You end up working at an arcade until eventually taking a huge pay cut becoming tech support or working for a low paying company nobody with experience wants to work for.

          I have never seen a good worker who moves on not do exceptionally well in a year or two years. Maybe one role or two will be awful for a 20k raise so you stay a year… then the next role gives you ANOTHER 20k raise (so +40k now in just one year) and the new role is phenomenal. Two or three more years you find another role for another 10-20k and then 50k in equity that matures in x years to try and keep you. Odds are by then you have multiple offers to pick from because past managers/companies are interested in you. Maybe now you’re going back to a former company but into a more senior role because of all that modern experience you’ve gained.

          As long as you get minimum 1 year in most roles, and do not have significant gaps, you’re gonna be desired. I will as a hiring manager 100% of the time be more interested in the resume of a guy who has been at 5 roles in 10 years for 1yr+ each, than one guy who has been in one role for ten years.