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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
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.
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
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.
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
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.
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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