Sad, but true. First 7 years of my software career were split between two companies and despite 3 promotions and exceeding expectations in reviews regularly, salary growth was between 2-5% YoY.
Most recent 5 years of my career I’ve changed jobs every 6ish months and am now averaging about 40% YoY salary growth.
Insane that a company will pay you a 20% premium to hire someone that they’ll spend 6-months training just to watch said person fly off to another firm.
Contracting is even worse. Bring someone on to do menial piecework at 2x-5x the median company salary, then kick them out so you can bring on another person who has no idea how your company operates to do the same entry-level jobs. All so you don’t have to tell investors how many people are actually on your payroll.
No wonder the business failure rate is so fucking high.
And then they act like it’s the employees who are wrong. I bet every single one of the job hoppers enjoying these huge salary benefits would prefer to just chill in the same job forever if it achieved the same thing.
Its nice to be both secure in your job and confident in your work. Changing positions is exhausting, both in the job-hunting process and the re-training process once you land a new gig. Then you’re back at the bottom of the “knows what I’m doing here” totem pole.
One big reason I’m at 6 years and counting in my current gig is the enjoyment I’ve had in building a system and maintaining it consistently. Its nice to know the folks in the business appreciate my work. And if I have to wave another company’s job offer under my boss’s nose from time to time in order to keep my salary competitive, I think that’s more just a disconnect between management and staff I’m obligated to make for them every couple of years. At least they’re receptive and responsive to my demands, which is more than I can say of prior employers.
I can only speak for myself, but that’s exactly why I left my last job. I loved it and the people I worked with, but I couldn’t afford that pay rate with such poor benefits.
On my way out, they told me that they wished they had 10 more employees like me.
They didn’t want it bad enough to pay even one employee a little more, though. I am not the only person who left recently lmao
Absolutely! I had a job some 3 years back that said if I continue to perform well, I could probably be promoted in 2 years.
This was on the heels of no bonuses or raises that year (well, for the team I was on).
2 years? Also that was the team’s reward after a year of work? This was a Fortune 500 company with over $10B in revenue.
The next month…layoffs. We spent the month figuring out all the tribal knowledge that went out the door.
The next month after that…contractors must take 2 unpaid days off every month and holiday closures don’t count towards that.
The next month they said, “Good news! We’re renewing your contract.” - Nope. I’m out.
Last I heard everyone on my team also left in the following 3 months, the director of the department also left, and the VP got forced out and replaced.
It’s an absolute cluster. It’s also led to me just not caring about the job or company anymore (not like I should).
I love supporting the team and my immediate coworkers, but I’m not there to make friends. For all we know our entire project gets canned one day anyway.
It’s a sad state of affairs to basically take advantage of this situation, but like…company loyalty doesn’t pay my bills.
There are also a second hand caste of contractors, it’s the ones that work as ordinary employees but employed by another company so that they don’t get benefits
Sad, but true. First 7 years of my software career were split between two companies and despite 3 promotions and exceeding expectations in reviews regularly, salary growth was between 2-5% YoY.
Most recent 5 years of my career I’ve changed jobs every 6ish months and am now averaging about 40% YoY salary growth.
Insane that a company will pay you a 20% premium to hire someone that they’ll spend 6-months training just to watch said person fly off to another firm.
Contracting is even worse. Bring someone on to do menial piecework at 2x-5x the median company salary, then kick them out so you can bring on another person who has no idea how your company operates to do the same entry-level jobs. All so you don’t have to tell investors how many people are actually on your payroll.
No wonder the business failure rate is so fucking high.
And then they act like it’s the employees who are wrong. I bet every single one of the job hoppers enjoying these huge salary benefits would prefer to just chill in the same job forever if it achieved the same thing.
Its nice to be both secure in your job and confident in your work. Changing positions is exhausting, both in the job-hunting process and the re-training process once you land a new gig. Then you’re back at the bottom of the “knows what I’m doing here” totem pole.
One big reason I’m at 6 years and counting in my current gig is the enjoyment I’ve had in building a system and maintaining it consistently. Its nice to know the folks in the business appreciate my work. And if I have to wave another company’s job offer under my boss’s nose from time to time in order to keep my salary competitive, I think that’s more just a disconnect between management and staff I’m obligated to make for them every couple of years. At least they’re receptive and responsive to my demands, which is more than I can say of prior employers.
I can only speak for myself, but that’s exactly why I left my last job. I loved it and the people I worked with, but I couldn’t afford that pay rate with such poor benefits.
On my way out, they told me that they wished they had 10 more employees like me.
They didn’t want it bad enough to pay even one employee a little more, though. I am not the only person who left recently lmao
Absolutely! I had a job some 3 years back that said if I continue to perform well, I could probably be promoted in 2 years.
This was on the heels of no bonuses or raises that year (well, for the team I was on).
2 years? Also that was the team’s reward after a year of work? This was a Fortune 500 company with over $10B in revenue.
The next month…layoffs. We spent the month figuring out all the tribal knowledge that went out the door.
The next month after that…contractors must take 2 unpaid days off every month and holiday closures don’t count towards that.
The next month they said, “Good news! We’re renewing your contract.” - Nope. I’m out.
Last I heard everyone on my team also left in the following 3 months, the director of the department also left, and the VP got forced out and replaced.
Endless cycle of garbage.
It’s an absolute cluster. It’s also led to me just not caring about the job or company anymore (not like I should).
I love supporting the team and my immediate coworkers, but I’m not there to make friends. For all we know our entire project gets canned one day anyway.
It’s a sad state of affairs to basically take advantage of this situation, but like…company loyalty doesn’t pay my bills.
There are also a second
handcaste of contractors, it’s the ones that work as ordinary employees but employed by another company so that they don’t get benefits