First, statistics back me up.
https://www.forbes.com/sites/bryanrobinson/2024/11/05/64-of-...
Let’s talk about the raises I have gotten from job hopping since 2014. I have been working a lot longer.
But if the company could pay me more and thought I was worth more, then why didn’t they offer me that in the first place?
2012 I was working for a then F10 company (GE) after two years of across the board 3% raises, I left for a 25% raise in 2014. The manager couldn’t push for larger raises at GE. The entire team of 15 left within 6 months.
Stayed at the next medium size company for 2 years and no raises. Left for another medium sized company for a 20% raise.
Stayed there for two years and did a vertical move to get the chance to be on the ground floor when a startup hired a new CTO who wanted to bring all of the development in house and wanted to be “cloud native”.
Two and half years later a job at BigTech fell into my lap - a 40% increase in comp.
I was at BigTech for 3 years and took a pay cut when I left. But by then, I valued piece of mind and work life balance over money. Within a year of me working at the company, my current employer reached out to me. Pay was the same. But it was more aligned to what I wanted to do, better benefits and most importantly, unlimited PTO and I fully expect to take 30 days off this year.
None of the HR departments at any of the companies were going to be willing to go from 4% raises to 20-40% raises.