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Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

forbes.com

21–30 of 560 posts

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#21
I don't get people who say, "Well I would never hire someone who has never worked more than 5 years at a single place!!!"

I would never have increased my from $68k to $115k in 5 years.I probably would've been somewhere at like $80k right now at best if I was didn't switch jobs twice.

If it means some hiring manager is going say some snarky opinion, then yes I'll take my extra money.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#22

It's a bit strange that this sort of job-hopping isn't a red flag to employers. You'd think managers would be reluctant to hire an employee who has jumped ship many times before, just as they were becoming useful.

With how thin the job market is, any time I interview a good candidate the situation is that they have competing offers and the hiring team/our whole company is the one applying to have the candidate.

In my experience, good candidates ramp up very quickly (<1 month) and having them on board for 2 years is plenty of time.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#23
post #12
post #10

This is a really poor article, and I'm surprised Forbes would publish it. As far as I can tell, there's absolutely no data behind any of the assertions in the article, and the title is just conjecture by the author based on a whole lot of assumptions.

> I'm surprised Forbes would publish it Unfortunately much of Forbes has become nothing but a fancy blog, very much akin to Business Insider. With the amount of "contributors" posting to the site nowadays the Forbes name in the URL isn't exactly a positive indicator, if not a warning sign.

basically, forbes.com/sites/... = trash

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#24
post #5

Earlier quoted context omitted.

I think it's a bit strange that employers don't consider a fully trained employee to be worth more than a fresh recruit, and compensate them accordingly.

Fully trained employees are worth more to the company. They just don't want to pay for extra value unless they have to. To get new recruits, they have to. Most employees don't want to change jobs if they can help it and employers use that "static friction" to pay them less than market.

Depends on the company. Some will hand out 30%+ annual pay increases to keep people at market rates. But, many companies are happy to have high turnover in exchange for lower pay.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#25

It's a bit strange that this sort of job-hopping isn't a red flag to employers. You'd think managers would be reluctant to hire an employee who has jumped ship many times before, just as they were becoming useful.

With how thin the job market is, any time I interview a good candidate the situation is that they have competing offers and the hiring team/our whole company is the one applying to have the candidate. In my experience, good candidates ramp up very quickly (<1 month) and having them on board for 2 years is plenty of time.

There are a lot of variables in quick ramp-up time. For development, it depends on codebase (the more mature, bespoke, convoluted, the longer the ramp-up) and developer style (I've seen copy/paste/modify specialists ramp up very quickly, but they plateau at an intermediate level and don't have a good filter on what they choose propagate in the codebase).

Making bigger changes takes longer; taking leadership on a new top-level feature without breaking other parts of the app or distorting the architecture isn't going to happen in a few months for a codebase of any real size. The question is: is a developer who ramps up quickly going to be able to do that eventually?

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#26
post #8

It's a bit strange that this sort of job-hopping isn't a red flag to employers. You'd think managers would be reluctant to hire an employee who has jumped ship many times before, just as they were becoming useful.

> just as they were becoming useful. If it takes that long for a employee to become useful then the company has much bigger issues and the need to compensate for whatever it is that makes those 2 years of experience so vital.

If a company has a large and old codebase with lots of interacting systems built with a lot of specialized tooling, it can take a while for a new arrival to get on par with the rest of the team. Two years is a lot, but six months to a year sounds very believable. Imagine trying to wrap your head around the Windows codebase or the Google ad serving stack.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#27

Earlier quoted context omitted.

FAAMG?

Facebook, Apple, Amazon, Microsoft, Google

> Apple, Amazon

I was under the impression that Apple and Amazon tended to fall lower on the compensation scales.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#30

Earlier quoted context omitted.

Facebook, Apple, Amazon, Microsoft, Google

> Apple, Amazon I was under the impression that Apple and Amazon tended to fall lower on the compensation scales.

Apple tends to match after you work there for about 2-3 years or your a 'special position'. So it's a good place to be an intern and go up since the differences are minor.
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