Employees who stay in companies longer than two years get paid 50% less (2014)
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Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#2Though at some point it feels like you reach a ceiling even if you change jobs.
Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#3This article is nearly 10 years old. Is this still true?
Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#4This article is nearly 10 years old. Is this still true?
yes
Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#5This article is nearly 10 years old. Is this still true?
Certainly feels like it.
Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#6Though at some point it feels like you reach a ceiling even if you change jobs.
At which point your only options is (unless you're in the) FAANG or making your own business if you're in tech (or relatable ish businesses). Or moving to a low cost of living state / city.
I feel like the ceiling for me is awful, since in Florida the cost of everything is going up, but companies aren't willing to pay competitive salary, despite boasting about it, they all seem to pay standard / average pay.
Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#7Though at some point it feels like you reach a ceiling even if you change jobs.
I've run into this. I work at a place that claims they pay top market rate. I've poked around other options and it seems like they're right about that!
Back in 2014 when this article was posted, it was probably more true. Lots of money frothing around and salaries were growing and growing faster than employers were willing to keep up with for existing employees (although even then, I had a job that gave me a substantial raise just to keep up with the market.)
Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#8This article is nearly 10 years old. Is this still true?
This concept is timeless. Numbers might vary though..
Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#9This article is nearly 10 years old. Is this still true?
I assume it will always be true outside of employees who are exceptionally VIP or employees selling to union/government roles that are compensated strictly according to length of tenure.
The employer gets labor at a lower price, and the employee gets lower volatility.
If you want the best price, you have to do the work to keep buying and you have to do the work to keep selling, only way any market can work.
Re: Employees who stay in companies longer than two years get paid 50% less (2014)
#10I wonder how stock options play into this. Assuming you have generous stock options in a thriving company, wouldn’t it be worth it to stick out 3-4 years for a majority of that equity?