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Ask HN: Why do companies pay new hires more than long time employees?
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Re: Ask HN: Why do companies pay new hires more than long time employees?
#2If they don't, the new hire goes to another company that does.
Here is another, but related question: why don't long time employees look for a better paying opportunity?
Re: Ask HN: Why do companies pay new hires more than long time employees?
#3If they don't, the new hire goes to another company that does. Here is another, but related question: why don't long time employees look for a better paying opportunity?
Looking for a job is another part time job, at least for engineers who need to take technical tests.
Re: Ask HN: Why do companies pay new hires more than long time employees?
#4If they don't, the new hire goes to another company that does. Here is another, but related question: why don't long time employees look for a better paying opportunity?
Looking for a job is another part time job, at least for engineers who need to take technical tests.
I know very well. But that new hire somehow managed to find that time, didn't they? If they are that much better than the long term folks, than the salary parity seems to be justified by that also.
Re: Ask HN: Why do companies pay new hires more than long time employees?
#5In my company the new hires are usually the worst payed people. We have a scheme that has a base pay and if you fullfill the requirements, additional money is added to the base pay each month. It used loyalty with the company and certifications to determine the addition to the base pay.
Re: Ask HN: Why do companies pay new hires more than long time employees?
#6New hire budget is bigger because they're competing for talent. For existing employees, since most don't leave jobs for better pay, they only need to approximate industry average pay.
Switching jobs is stressful and you can only do that so often before being flagged as a job hopper. One company declined to interview me because I switched jobs in less than 3 years(2.5). Plus, if the pay is decent, why rock the boat? The competition may have worse work environments, bosses or colleagues.
This is why unions existed.
Re: Ask HN: Why do companies pay new hires more than long time employees?
#7In my company the new hires are usually the worst payed people. We have a scheme that has a base pay and if you fullfill the requirements, additional money is added to the base pay each month. It used loyalty with the company and certifications to determine the addition to the base pay.
Lol. Loyalty!
Not sure if you are serious, but in case you are: your company is very very special.
The disconnect comes between what market rate is and what actual pay is. If you want to hire people you must offer competitive pay.
Re: Ask HN: Why do companies pay new hires more than long time employees?
#8I am very well versed in how to react to this but I agree that we shouldn’t have to react to this
Re: Ask HN: Why do companies pay new hires more than long time employees?
#9Cause they can
Re: Ask HN: Why do companies pay new hires more than long time employees?
#10If they don't, the new hire goes to another company that does. Here is another, but related question: why don't long time employees look for a better paying opportunity?
Looking for a job is another part time job, at least for engineers who need to take technical tests.
Well, this is why licensing exists.