Sad, but true. First 7 years of my software career were split between two companies and despite 3 promotions and exceeding expectations in reviews regularly, salary growth was between 2-5% YoY.
Most recent 5 years of my career I’ve changed jobs every 6ish months and am now averaging about 40% YoY salary growth.
I was born into a family run company. Gave them 10 years of my life. The first few years I worked really hard and got a 2-3 dollar raise. Shortly after, minimim wage went up to 50 cents below what I was making. I did not get another raise until 2-3 years down the line. Regardless who your employer is, get treated fairly or leave for somewhere that will treat you fairly.
It’s sad how true this is. I quit my job and went to work for another company for a year. The previous company contacted me wanting me back, and hired be back after a year for $15k more than before. I’ve been there a year now and got a 3% raise. Probably should just quit again and get rehired
Or some more sage advice: keep interviewing and an eye on salaries and compare that to your realistic prospectives at your job. Employers aren’t dumb, and if they see that you move around a lot they might not even bother hiring you.
My manager does this. If he sees that a job candidate hops jobs a lot he won’t give them an interview. That being said, our yearly raises meet/exceed inflation and he’s a pretty good manager
Just because they are good and your job gives raises doesn’t mean previous employers did.
If you want loyalty get a dog, I work to get paid.
If someone’s spent less than 2 years at their 3 most recent jobs, there’s a high chance they’re job hopping. Especially if they’re engineers in a discipline that can take months to a year to be fully capable of the tasks needed.
Someone I used to work with gets paid a truly ridiculous amount of money because she changes jobs around every 14 months to 2 years. She hates every job she takes and is constantly worried that her boss hates her in every role. I don’t think she’s happy, despite the huge pay. I’d rather be happy. I work to live, not live to work.
I hope she retires early and enjoys life after work.
I’ve been with the same place for about 16 years. I wasted a lot of time staying in one department trying to be the best employee. I’ve moved repeatedly just within the company. Because moving within the company is pretty easy to do. The yearly pay raises I was getting was garbage. By moving departments and renegotiating my pay I’ve effectively doubled my pay from 4 years ago.
When there’s no incentive to stay but all the reason to go…
…I should look for a new job, perhaps
Yeah the new strategy is lateral climbing. Companies don’t value loyalty and don’t give raises for sticking around anymore, so fuck em.
I laugh at people bitching about their pay. Move. On. Why would the company suddenly throw you a 20% raise!? Out of the goodness of their heart?
My last 3 jobs (top pay): $14 -> $22 -> $39. At this point I could probably jump ship for more but I’m quite content to retire out of this place.
Stay put 3-5 years, gain experience, jump. When we moved here my buddy took a job at an oil change place, barely above min wage and far below his skillset. Kept job hopping and now he’s making $120K+.
Join a union job.
