Why Don't Tech Companies Pay Their Engineers to Stay?
1–10 of 294 posts
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#2[deleted]
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#3It is simple.
Because they have no money.
For startups, they want engineers to take a pay cut to work 996-like hours.
Especially in the UK, where there is a running joke where companies complain about a “skills shortage” when in reality companies cannot find engineers at top universities that want to take a pay cut and work for less pay.
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#4Supply and demand
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#5By the time the Engineer has gone through the effort to find some place to go to, it's well past time for the company to increase pay.
They'd have to pay more than the difference, so they don't. And they'd have to be able to predict which engineers are about to leave (and churn models are terrible.)
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#6This is from 2021. Since then, they hired their Head of People a month later, and ~6 months later published a follow up:
https://www.goethena.com/post/a-public-and-transparent-formu...
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#7"The impact" of an engineer? How to measure that? Hmm. Let me think ....
Think of a new company the customers will "love". Start the company and, being a good engineer, be the CTO and CEO. "Impact"? The value of the new company. Pay? They OWN the new company.
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#8Supply and demand
But there's no supply for the people who know your product and codebase except for your existing employees, isn't that the whole point of paying them to stay?
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#9This entire piece starts from the conclusion that engineers leave because they aren't paid enough then works backwards from there. This is wrong from my experience. Anecdotally, I have never left a job because of money. Sure, I left jobs and got ones that ended up paying more money but the reason I started looking in the first place wasn't money. It was for other reasons that usually included frustrations with management.
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#10This entire piece starts from the conclusion that engineers leave because they aren't paid enough then works backwards from there. This is wrong from my experience. Anecdotally, I have never left a job because of money. Sure, I left jobs and got ones that ended up paying more money but the reason I started looking in the first place wasn't money. It was for other reasons that usually included frustrations with manage…
This. If you leave every 3-5 years you get to flush all that frustration down the toilet to make room for new, hopefully better frustrations.