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Amazing, thanks Forbes. I never knew that if you started out on minimum wage and then moved into a mundane professional role, you'd earn considerably more!
This is a really poor article, and I'm surprised Forbes would publish it. As far as I can tell, there's absolutely no data behind any of the assertions in the article, and the title is just conjecture by the author based on a whole lot of assumptions.
Unfortunately much of Forbes has become nothing but a fancy blog, very much akin to Business Insider. With the amount of "contributors" posting to the site nowadays the Forbes name in the URL isn't exactly a positive indicator, if not a warning sign.
From 2014, but still relevant. Unfortunately, the best negotiating tactic is to bring a competing offer and essentially threaten to quit. Or just switch firms every ~18 months like the post suggests.
For software I feel like you will start to max out from switching alone once you reach sr software engineer from FAAMG. Past that you have to make real changes such as improving your skills to become something worthy of staff or become some sort of manager.
Earlier quoted context omitted.
For software I feel like you will start to max out from switching alone once you reach sr software engineer from FAAMG. Past that you have to make real changes such as improving your skills to become something worthy of staff or become some sort of manager.
FAAMG?
It's a bit strange that this sort of job-hopping isn't a red flag to employers. You'd think managers would be reluctant to hire an employee who has jumped ship many times before, just as they were becoming useful.
It's a bit strange that this sort of job-hopping isn't a red flag to employers. You'd think managers would be reluctant to hire an employee who has jumped ship many times before, just as they were becoming useful.
Earlier quoted context omitted.
For software I feel like you will start to max out from switching alone once you reach sr software engineer from FAAMG. Past that you have to make real changes such as improving your skills to become something worthy of staff or become some sort of manager.
FAAMG?
It's a bit strange that this sort of job-hopping isn't a red flag to employers. You'd think managers would be reluctant to hire an employee who has jumped ship many times before, just as they were becoming useful.
I think it's a bit strange that employers don't consider a fully trained employee to be worth more than a fresh recruit, and compensate them accordingly.
Most employees don't want to change jobs if they can help it and employers use that "static friction" to pay them less than market.
> Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA’s marketing manager. Over 10 years, she’s changed employers five times to ultimately earn $72,000 per year at her most recent marketing position. Amazing, thanks Forbes. I never knew that if you started out on minimum wage and then moved into a mundane professional role, you'd earn considerably more!