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Ask HN: Why is it easier to get a raise with a new job?

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Re: Ask HN: Why is it easier to get a raise with a new job?

#51
post #31

Earlier quoted context omitted.

The difficulty I Found was when there were 5 in short order - they start to notice your absenteeism.

By this point, do you really care?

Absolutely, it could fall through. Don't be prepared to jump until you know you're going to land softly.

Re: Ask HN: Why is it easier to get a raise with a new job?

#52

Earlier quoted context omitted.

How do you keep the interviews on the DL? The few times I've moved positions it's been a nightmare trying to keep my current boss from figuring it out.

why keep it secret make it known and maybe they just give you that raise

Then you're a flight risk. Laying that out like that let's them know you've got one foot out the door and the only thing keeping you there is bribery.

Re: Ask HN: Why is it easier to get a raise with a new job?

#53
post #39

Earlier quoted context omitted.

> I was able to average 18% raises for over a decade by switching jobs nearly every year. Hmm. For those curious, assuming I still understand how to do basic math like this and a few relatively low starting salaries for year one: 40k*(1.18^10) = 209k 60k*(1.18^10) = 314k 80k*(1.18^10) = 418k Are you one of these software engineers I hear about making 400k? I suppose I would find 150k-200k as more believable since you…

As another data-point: My day-rates as a long-term contractor which have some decent year-on-year increases from switching clients 2012 £200 (first time programming for money) 2013 £300 (new client) 2014 £425 (new client) 2015 - took a year off - 2016 £500 (new client) 2017 £650 (same client) 2018 £800 (new client)

Do you do contracting for backend or frontend?

Re: Ask HN: Why is it easier to get a raise with a new job?

#54
post #34

Earlier quoted context omitted.

I had the exact same situation. When I left they said how much do we have to pay to get you to stay. I literally told them that there is no amount I don't want to work for a company that won't pay me what they think I'm worth. The next job I took I got a 25% pay increase, and the job after that I got another 30% pay increase. At my current company I've gotten a bigger raise every year than I ever would have asked for…

Your 2nd company didn't pay you what you are worth so clearly you so choose to work for companies like that.

The second company in this anecdote folded my entire division after I had been working there a year. I had no idea I could get another 30% increase, it was a happy accident. And maybe before this job I couldn’t have got that pay increase.

Re: Ask HN: Why is it easier to get a raise with a new job?

#55
post #11

Earlier quoted context omitted.

How often can you do this without it being a problem? I'm trying to make it past a year at current job, it definitely requires discipline to see it through. I don't want to be a job hopper but there are always shiny new opportunities.

When the economy is good, less than 1 year at a job seems excessive hopping. When the economy is worse and employers can choose, even 3 years look like "job hopping individual, will jump ship as soon as economy turns around and he can get $1 more somewhere else". Just decide if you optimize for comfort or money, and make sure you have a few months buffer for the bad times.

I don't really hop, but I don't have a great track record because one job wasn't a good fit, then I freelanced / contracted for a while, etc, then landed at another job that wasn't what they promised it would be in the interview, etc.

Re: Ask HN: Why is it easier to get a raise with a new job?

#56
post #39
post #3

I've seen it time and time again. An employee wants a 10% raise but management says no and the employee quits. Then after a long search a new hire comes in at 10% more. Why not just give the existing employee that 10%? I think the reason is that big raises are not sustainable over time. If you keep giving your employees 10% raises every year, eventually you can't afford it. So you keep raises to 2-3% as long as possi…

> I was able to average 18% raises for over a decade by switching jobs nearly every year. Hmm. For those curious, assuming I still understand how to do basic math like this and a few relatively low starting salaries for year one: 40k*(1.18^10) = 209k 60k*(1.18^10) = 314k 80k*(1.18^10) = 418k Are you one of these software engineers I hear about making 400k? I suppose I would find 150k-200k as more believable since you…

The math is correct but this doesn't factor in inflation, so you probably need to change the original salaries down to whatever $40k in todays money was worth in 2009. That leads to 34k*(1.18)^10 = 178k, which seems much more reasonable

Re: Ask HN: Why is it easier to get a raise with a new job?

#57
post #39
post #3

I've seen it time and time again. An employee wants a 10% raise but management says no and the employee quits. Then after a long search a new hire comes in at 10% more. Why not just give the existing employee that 10%? I think the reason is that big raises are not sustainable over time. If you keep giving your employees 10% raises every year, eventually you can't afford it. So you keep raises to 2-3% as long as possi…

> I was able to average 18% raises for over a decade by switching jobs nearly every year. Hmm. For those curious, assuming I still understand how to do basic math like this and a few relatively low starting salaries for year one: 40k*(1.18^10) = 209k 60k*(1.18^10) = 314k 80k*(1.18^10) = 418k Are you one of these software engineers I hear about making 400k? I suppose I would find 150k-200k as more believable since you…

My friend asked the guy that made that 400k post on twitter. Apparently that is total compensation for people at Uber and Lyft.

Re: Ask HN: Why is it easier to get a raise with a new job?

#58
post #53

Earlier quoted context omitted.

As another data-point: My day-rates as a long-term contractor which have some decent year-on-year increases from switching clients 2012 £200 (first time programming for money) 2013 £300 (new client) 2014 £425 (new client) 2015 - took a year off - 2016 £500 (new client) 2017 £650 (same client) 2018 £800 (new client)

Do you do contracting for backend or frontend?

devops

Re: Ask HN: Why is it easier to get a raise with a new job?

#59

Earlier quoted context omitted.

why keep it secret make it known and maybe they just give you that raise

Then you're a flight risk. Laying that out like that let's them know you've got one foot out the door and the only thing keeping you there is bribery.

Isn't that how business works?
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