Earlier quoted context omitted.
Good employers exist. It’s crazy the number of people who get burned a couple of times and declare the industry is sheet and they have to do their own thing or their life is doomed
Judging by the above it's 1 out of 9 - not a great rate.
Loyalty at work no longer pays – and it's employers who are to blame
51–60 of 85 posts
Re: Loyalty at work no longer pays – and it's employers who are to blame
#52The other point specifically for devs is how interviewing is such a different skill to normal work. The people with the best careers are almost always interviewing. If you constantly using that muscle you get really good. The guy I know who stayed in the same role for 15 years and got laid off is screwed because he's a great developer but doesn't know any of that stuff.
Isn’t there a very real cap of say 200-225k for senior level regardless of where you go tho? After that would be faang which itself is the endgame except (in some cases) jumping between faangs could get you more
Re: Loyalty at work no longer pays – and it's employers who are to blame
#53This has been true for a very long time. It's not a modern phenomenon. There was probably a "golden age" in the middle of the last century when it was a good idea to be a company man. But before that, and after that once the MBA mentality took over, workers have been treated like disposable units. It only makes sense for a worker to strategize to maximize their own career and income, instead of placing their loyaltie…
Re: Loyalty at work no longer pays – and it's employers who are to blame
#54Morally it's the employers to blame, but the world is not built on morality, but on power dynamics. For loyalty to be worth something, the relationship has to be at least somewhat equitable. Each party has to have the power to hurt the other significantly. If this is not the case, then the vulnerable party's loyalty is not worth much of the invulnerable party. I don't need the loyalty of the hamster I keep in the cag…
When I worked at an Amazon subsidiary, I never pulled more than 40-hr weeks, took plenty of time off, had slow weeks or even months where I was struggling with a personal thing. My managers and teams were always super supportive. The pay was excellent. The stock was excellent. They were reasonable about refreshers and raises. I was there for ~5 years but what do you expect? I’ve worked for so many tech companies and the tenure is usually a couple years until it gets boring. The idea you would be loyal to a company for a 50 year career sounds like a nightmare. Like being a human cog in a machine.
Re: Loyalty at work no longer pays – and it's employers who are to blame
#55This has been true for a very long time. It's not a modern phenomenon. There was probably a "golden age" in the middle of the last century when it was a good idea to be a company man. But before that, and after that once the MBA mentality took over, workers have been treated like disposable units. It only makes sense for a worker to strategize to maximize their own career and income, instead of placing their loyaltie…
We ought to stop blaming the "MBA mentality". I dislike them as much as any IC, but they aren't the issue. The issue is how wealth is distributed. Just after WW2, in my country, if a salaried woodworker in a chop added 1000$ of value on average each month after all other costs were paid (sales, stock, distribution), he took home 600, gave 100 to the government and 300 to his shop owner/shareholders. Nowadays, his add…
(No I didn’t do a mba)
Re: Loyalty at work no longer pays – and it's employers who are to blame
#56This has been true for a very long time. It's not a modern phenomenon. There was probably a "golden age" in the middle of the last century when it was a good idea to be a company man. But before that, and after that once the MBA mentality took over, workers have been treated like disposable units. It only makes sense for a worker to strategize to maximize their own career and income, instead of placing their loyaltie…
We ought to stop blaming the "MBA mentality". I dislike them as much as any IC, but they aren't the issue. The issue is how wealth is distributed. Just after WW2, in my country, if a salaried woodworker in a chop added 1000$ of value on average each month after all other costs were paid (sales, stock, distribution), he took home 600, gave 100 to the government and 300 to his shop owner/shareholders. Nowadays, his add…
Re: Loyalty at work no longer pays – and it's employers who are to blame
#57Morally it's the employers to blame, but the world is not built on morality, but on power dynamics. For loyalty to be worth something, the relationship has to be at least somewhat equitable. Each party has to have the power to hurt the other significantly. If this is not the case, then the vulnerable party's loyalty is not worth much of the invulnerable party. I don't need the loyalty of the hamster I keep in the cag…
I feel like all the tech companies I’ve worked at have been extremely loyal at least on the more Sr end of the ladder so I guess I don’t understand other people’s experiences at all. When I worked at an Amazon subsidiary, I never pulled more than 40-hr weeks, took plenty of time off, had slow weeks or even months where I was struggling with a personal thing. My managers and teams were always super supportive. The pay…
Don't you feel like that anyway? At least to me it's pretty clear that's my function, even more at larger orgs. Doesn't take years at the same company to feel that, it's just the reality of it.
Re: Loyalty at work no longer pays – and it's employers who are to blame
#58Earlier quoted context omitted.
Isn’t there a very real cap of say 200-225k for senior level regardless of where you go tho? After that would be faang which itself is the endgame except (in some cases) jumping between faangs could get you more
At FAANG and adjacent that’s closer to the bottom of the career ladder. A Sr. at FAANG is pulling in closer to 350-400 TC. Staff, PE, and above will go significantly higher.
And once you’re in a faang, there’s no higher to go
Re: Loyalty at work no longer pays – and it's employers who are to blame
#59It hasn’t paid in decades - it’s well established that the most effective way to increase comp is to change employer not hope for recognition. Employers refuse to provide even basic inflation matching compensation increases, and report what increases they do provide without including the impact of inflation. This is like the “we’re a family” or “you should be committed to the company” BS, when they’re also “hi we’re…
Re: Loyalty at work no longer pays – and it's employers who are to blame
#60Facts. The biggest career mistake I made was staying at one place for too long. It was comfortable and solid. I got complacent. I didn't think I could do better. I was wrong. I've changed jobs twice since then, and both have been big upgrades. If your employer isn't significantly rewarding loyalty, I highly recommend at least looking to see what's out there. You aren't forced to go, but be open to new opportunities.…
My employer has increasing vacation over the years, start with 3 weeks but you’re up to 5 when you’ve been there a decade. IMO that’s a very undervalued proposition that makes me want to stick around longer than I might otherwise. There’s a dollar value that would trump it of course but it’s pretty high.