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Do Not Change Your Job

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Re: Do Not Change Your Job

#11

Post by MattGaiser »

gnicholas wrote: post #9
MattGaiser wrote: post #4

I am not sure how you can stay at a company for more than 24 months (maybe 48 for FAANGMULA) without there becoming an enormous gap between your compensation and market compensation. In Canada, you become a veteran at 18 months it seems.

In case anyone else was wondering about FAANGMULA, it's apparently: FB, Apple, Amazon, Netflix, Google, Microsoft, Uber, Lyft, and Airbnb. Having never heard of this acronym before, I'd be curious to know how that list was put together. Is it a function of the size of their engineering teams, compensation, or something else? What would be the next company or two in line for this list?

I have mostly seen it used to refer to a tier of high paying leetcode type organizations. It was an extension of FAANG, which was coined by an investment show host.

Re: Do Not Change Your Job

#12

Post by myrryr »

gnicholas wrote: post #9
MattGaiser wrote: post #4

I am not sure how you can stay at a company for more than 24 months (maybe 48 for FAANGMULA) without there becoming an enormous gap between your compensation and market compensation. In Canada, you become a veteran at 18 months it seems.

In case anyone else was wondering about FAANGMULA, it's apparently: FB, Apple, Amazon, Netflix, Google, Microsoft, Uber, Lyft, and Airbnb. Having never heard of this acronym before, I'd be curious to know how that list was put together. Is it a function of the size of their engineering teams, compensation, or something else? What would be the next company or two in line for this list?

It is the ability to change your compensation while staying in the company.

Which in part is "number of engineering teams" rather than the size of any one of them.

You can change project / pay scale without changing company.

Re: Do Not Change Your Job

#14

Post by tayo42 »

MattGaiser wrote: post #4

I am not sure how you can stay at a company for more than 24 months (maybe 48 for FAANGMULA) without there becoming an enormous gap between your compensation and market compensation. In Canada, you become a veteran at 18 months it seems.

I always hear this but I work at a company maybe a tier below the acronym, Public and a household name, and unless I go to a company like Google or fb most companies seem to be a lateral move at best even with the higher title. I'm coming up on 5 years. Stock did well last year so I made a little over 300k, this year I think I'm on track for mid 200s

Re: Do Not Change Your Job

#15

Post by iyasu »

MattGaiser wrote: post #7
TameAntelope wrote: post #5

> If you’re leaving for more money or safety, I will never argue. If you’re leaving for a different type of experience (e.g., remote work vs. in-office, big co vs. start-up) or for different company culture, I won’t argue at all. If the environment is not toxic or not draining your energy and you’re still learning, then why leave the company? I'm not sure this boiled down set of people is the set of people considerin…

Indeed. Who are these people leaving who are otherwise happy with their comp, company culture, and what they do? Are people really searching for jobs just because?

I think one missing aspect is whether they enjoy their work. He never mentioned leaving out of boredom being something he would not argue about, so I presume that's the subset of people he may be talking to.

Re: Do Not Change Your Job

#16

Post by boznz »

Strange I used to throw CV's in the rubbish bin if they repeatedly moved jobs every 2 years or under. My rational for that was that they would probably only last 2 years in our company so I preferred someone more stable. Small teams hurt when you keep loosing staff and training is not cheap.

Re: Do Not Change Your Job

#18

Post by hericium »

It's not all about compensation. New job brings new knowledge, new points of view, problem solving approaches, access to different thought patterns, may extend one's net.

Change may end boredom or progressing burnout. Change is refreshing.

Re: Do Not Change Your Job

#19

Post by peapicker »

angarg12 wrote: post #17

I stayed in my first job 7 years and my total compensation increase was 16%. An accumulated raise over 7 years of 16%. Choose to jump or not, but make an informed decision.

I’ve stayed at my current job 24 years. I was hired at a Senior level above my experience with better pay than I probably deserved as I was 18 month out of uni. Still, my total increase is 278%. I had a 7 year span in the middle with almost no increase - about 7%. I wonder if those seven years coincide and were during an economic downturn?

Re: Do Not Change Your Job

#20

Post by senectus1 »

I'm at my current workplace for 16 years+.

Its the sort of workplace where you start one day, stop and look up and suddenly its 10 years later.. you were so damned busy building a business that you never noticed the time go past, or that you somehow bought two houses and had two kids....

I've got a heap of long service leave as well.. I should consider taking it.

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