Salary?
Why Don't Tech Companies Pay Their Engineers to Stay?
101–110 of 294 posts
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#102Earlier quoted context omitted.
You should try leaving a company for money sometime. Financial independence really is life-changing, and you can get there surprisingly quickly in the tech industry by putting yourself on the market more often. Anecdotally, at my current company nearly everyone I know who left did so within a few months of hitting the 4-year cliff on their signing equity. I've left 3 companies in my career primarily because the next…
I always find my salary very difficult to replace, and it's not particularly high. I'm assuming it's all pay cuts from here on out with the economy the way it is.
The economy has been objectively really great last few years.
Many people say the economy is bad, whatever the measurable macro-economical state of the economy is.
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#103I wrote a related Article "why aren't software developers paid more" (https://jonpauluritis.com/articles/why-arent-developers-paid...)
the reality is that we get comp way wrong... and its related to hiring, and its related to Venture Capital and related to a million other things
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#104A person close to me works at a law firm. She was feeling a bit stagnant, so she connected with a recruiter. She got a very solid offer with a significant pay bump. She gave her two weeks' notice to her firm, including appointments with the partners. One of the partners asked her for a half hour. They came back with a massive pay raise, and a promotion to partner if she would stay. She was in a state of shock, but th…
What prevents engineering firms from acting like law firms?
> What prevents engineering firms from acting like law firms?
I wonder if it's harder to associate an employee's skill level with company profit.
If most lawyer companies have established hourly billing rates for each employee, then the owners can more clearly see an employee's true value to the company?
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#105Earlier quoted context omitted.
well, the thinking there is, managers manage people, so ultimately it is their failure to manage people that causes good performers to leave.
I mean, that thinking is obviously wrong. Not everything is within your manager's power to fix. And people have different tolerances with how many headaches they put up with too. The manager might need much more time to improve things than their employee might tolerate.
Those are good points, but at the end of the day, people issues are management issues. It may not be your specific manager that is responsible but the management of the company and HR, who are responsible for the work environment that is set. I'd imagine it is a business (think money) decision on how much time and effort is put into cultivating a reasonably tolerable work environment. if employees have unreasonable demands for their work environment, I agree, it is the employee's fault. But fault aside, even for unreasonable and overly sensitive employees, they're still leaving managers who can't or won't fix people issues in their teams, more often than not, with many many exceptions of course.
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#106Earlier quoted context omitted.
You should try leaving a company for money sometime. Financial independence really is life-changing, and you can get there surprisingly quickly in the tech industry by putting yourself on the market more often. Anecdotally, at my current company nearly everyone I know who left did so within a few months of hitting the 4-year cliff on their signing equity. I've left 3 companies in my career primarily because the next…
I make low six figures in a low to medium cost of living area. I don't think even doubling my income would change my life too much.
Doubling your income would mean you can take 50% of your time off with the same income.
Pretty sure that would change your life!
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#107I wrote a related Article "why aren't software developers paid more" ( https://jonpauluritis.com/articles/why-arent-developers-paid... ) the reality is that we get comp way wrong... and its related to hiring, and its related to Venture Capital and related to a million other things
Article not found
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#108This 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…
> included frustrations with management Which I presume this is another way to say “your direct boss”. Because 99% of an employees view of a company, and opinions about their employer, is actually just a reflection of their like/dislike of their direct boss.
Red Pill:
The boss/employee relationship depends equally on both people. If you always "have a terrible boss" that really means your relationship with your boss is bad, which depends on both people.
You were warned. The Red Pill is near:
To spell it out: If you consistently have a terrible relationship with your boss, with several bosses... I'm sorry, but the common factor is you. You're probably a shitty employee.
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#109Earlier quoted context omitted.
I always find my salary very difficult to replace, and it's not particularly high. I'm assuming it's all pay cuts from here on out with the economy the way it is.
The economy has been objectively really great last few years. Many people say the economy is bad, whatever the measurable macro-economical state of the economy is.
If you find it almost impossible to get jobs I don’t know if it matters.
Re: Why Don't Tech Companies Pay Their Engineers to Stay?
#110Earlier quoted context omitted.
Here’s hoping you’re lucky enough to live until then. Don’t forget to live in the meantime. It’s a lot easier to hike across Europe in your 30s than in your 50s.
" Here’s hoping you’re lucky enough to live until then. "? The median lifespan is over 80 and developers are paid above the median, often by quite a bit. It's far, far more likely in your 50s that you'll be staring down the barrel of a layoff + industry downturn and cursing yourself for the money spent on your trip across Europe and other frivolities in your 30s.
If you spent a ton of money to hike across Europe, you've done something terribly wrong. I spent a month traveling across Europe by train a few years ago, and it was fairly cheap, certainly FAR less money than I would have spent on any vacation in the US.
Taking a vacation (any vacation) in the US is a frivolity, even if you live in the US. If you could theoretically rent out your home in the US while you're gone (for the same cost as your current rent+utilities, so no net profit), you'd probably end up saving money by spending a 2+ week vacation in Europe instead of just spending that time at home and going out to restaurants in your own town.