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Old 11-08-2014, 06:18 AM
 
Location: West Orange, NJ
12,546 posts, read 21,350,868 times
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Employees Who Stay In Companies Longer Than Two Years Get Paid 50% Less - Forbes

this seems logical. but what about 401k benefits, long term incentive options, etc?
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Old 11-08-2014, 07:31 AM
 
24,107 posts, read 10,427,317 times
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50% is too high. Realistically count on 10-15% per move unless you are in a niche.
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Old 11-08-2014, 07:48 AM
 
26,172 posts, read 21,428,069 times
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Quote:
Originally Posted by Threestep View Post
50% is too high. Realistically count on 10-15% per move unless you are in a niche.
I don't think it's too high. It's not saying you get 50% per move but rather if you don't move you will earn 50% less over your lifetime vs a person who does continue to move
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Old 11-08-2014, 07:49 AM
 
18,494 posts, read 15,471,998 times
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Originally Posted by bradykp View Post
Employees Who Stay In Companies Longer Than Two Years Get Paid 50% Less - Forbes

this seems logical. but what about 401k benefits, long term incentive options, etc?
It's not that changing jobs upped their pay. Rather, the offer of higher pay caused them to change jobs. If they were to change jobs randomly, I'm pretty sure their pay wouldn't go up on average.

Don't get your causation backwards.
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Old 11-08-2014, 07:54 AM
 
26,172 posts, read 21,428,069 times
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Originally Posted by ncole1 View Post
It's not that changing jobs upped their pay. Rather, the offer of higher pay caused them to change jobs. If they were to change jobs randomly, I'm pretty sure their pay wouldn't go up on average.

Don't get your causation backwards.


You don't typically get offers to jump ship with extra pay without seeking out a potential move or being sought out. I'm really not sure what you are trying to say or argue because it's clear moving companies is what got them more money
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Old 11-08-2014, 07:55 AM
 
18,494 posts, read 15,471,998 times
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Originally Posted by Lowexpectations View Post
You don't typically get offers to jump ship with extra pay without seeking out a potential move or being sought out. I'm really not sure what you are trying to say or argue because it's clear moving companies is what got them more money
Just that they only moved AFTER they already got offered higher pay, not the other way around. I highly doubt they moved just for the heck of it.

In other words, moving per se doesn't increase your pay, rather it's chasing the highest offer, and if you just moved at random your pay wouldn't go up.
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Old 11-08-2014, 07:59 AM
 
26,172 posts, read 21,428,069 times
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Originally Posted by ncole1 View Post
Just that they only moved AFTER they already got offered higher pay, not the other way around. I highly doubt they moved just for the heck of it.

In other words, moving per se doesn't increase your pay, rather it's chasing the highest offer, and if you just moved at random your pay wouldn't go up.


You are arguing just to argue. It's clear the "move" came with money or it probably wouldn't happen and not entertaining the "move" equals a potential loss in compensation
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Old 11-08-2014, 08:33 AM
 
Location: West Orange, NJ
12,546 posts, read 21,350,868 times
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Quote:
Originally Posted by Threestep View Post
50% is too high. Realistically count on 10-15% per move unless you are in a niche.
50% isn't what they're saying you would gain from changing a job. it's the lifetime impact of changing jobs more frequently.
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Old 11-08-2014, 08:36 AM
 
Location: West Orange, NJ
12,546 posts, read 21,350,868 times
Reputation: 3730
Quote:
Originally Posted by ncole1 View Post
It's not that changing jobs upped their pay. Rather, the offer of higher pay caused them to change jobs. If they were to change jobs randomly, I'm pretty sure their pay wouldn't go up on average.

Don't get your causation backwards.
you're making a massive assumption. no, don't randomly change jobs. strategically change jobs, obviously. but if you don't go out and market yourself for those jobs, they don't fall into your lap. after a couple years in my first job, i started looking. it took me 6 years to change, but i'm making more because of it. and now i've been in this job for 4 years (multiple positions). i'm also going to start looking to move again. in this area, it's easy to get a 15% raise and potentially a promotion just by switching companies and staying in similar departments.
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Old 11-08-2014, 09:04 AM
 
23,553 posts, read 70,058,150 times
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I can see it now. All of the McDonald's workers go to Wendy's, the Wendy's workers go to Taco Bell, and the Taco Bell workers go to McDonald's. Yep, I can see all the corporate boards quivering in their leather plush chairs and going "What to do?, What to do?"

What an asinine story.
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