Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Do Not Change Your Job

candost.blog

Post reply on HN
Print view View original

21–30 of 92 posts

Re: Do Not Change Your Job

#21

Post by MattGaiser »

tayo42 wrote: post #14
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

You are already sitting near the top. For us more average people, jumps are 10-20% a year.

Re: Do Not Change Your Job

#25

Post by seattle_spring »

peapicker wrote: post #19
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?

That's less than 5% compounded annually. I'm not sure if your underlying message was agreeing with OP or not, but 278% over 24 years is atrocious compared to how insane the market has been this last decade. Hell, inflation alone has been 73% between 1998 and now.

Re: Do Not Change Your Job

#26

Post by nickysielicki »

It took until the last paragraph for him to mention that he’s talking about staying in a fulfilling job that moves fast, not a comfy job where you’ve stopped growing.

The title isn’t even really his argument, but most people are upvoting and discussing the title.

Re: Do Not Change Your Job

#27

Post by PragmaticPulp »

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 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

There are 2 types of companies:

One type will frequently re-evaluate compensation and prioritize employee retention. Compensation follows or exceeds market rate.

The other type will lock in compensation at hire time and try to skate by on 3% raises, or moderate raises at periodic promotions. Employee churn is high.

The latter type of company tends to be smaller shops run by older generations of managers who grew up in different times. They also tend to be unpleasant places to work for numerous reasons. But it's not really the norm in any modern tech company that knows what they're doing.

Re: Do Not Change Your Job

#28

Post by peapicker »

seattle_spring wrote: post #25
peapicker wrote: post #19

Earlier quoted context omitted.

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?

That's less than 5% compounded annually. I'm not sure if your underlying message was agreeing with OP or not, but 278% over 24 years is atrocious compared to how insane the market has been this last decade. Hell, inflation alone has been 73% between 1998 and now.

Edited to indicate I was hired at a salary above my experience. Took me 5 years to grow into being Senior when I was really a Junior. But was still payed as a Senior the whole time. I do make well above market for my years in my geographic region.

Re: Do Not Change Your Job

#29

Post by MattGaiser »

boznz wrote: post #16

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.

> Small teams hurt when you keep loosing staff and training is not cheap.

How come companies don't price that in accordingly then?

Re: Do Not Change Your Job

#30

Post by PragmaticPulp »

boznz wrote: post #16

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.

Discarding them outright is a bit excessive, but it's actually very common for managers to de-prioritize resumes with excessive job hopping. Either that, or to craft back-loaded compensation packages that encourage longer tenures.

A few short jobs is not a problem, but when someone has a resume full of 12-month jobs and constant churn it's not a good sign. If you do have to hire a job hopper, you have to be careful to not put them on critical tasks or anything long-term because it's not like they're going to suddenly decide to stay at your company for 4 years when they couldn't do it anywhere else. It's not a mystery.

Post reply on HN