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Old 09-30-2016, 07:52 AM
 
Location: North Texas
24,561 posts, read 40,189,983 times
Reputation: 28548

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This behavior is typical of my company; you get stingy pay raises when you get promoted and insultingly low COL raises, but they'll pay far more to recruit a new person into the same position...if they bother to fill the position in the US.

More and more, they're cutting US numbers by attrition, i.e. when a programmer in the US quits, the India division gets the req for the replacement.
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Old 09-30-2016, 07:54 AM
 
Location: Concord, CA
7,154 posts, read 9,258,516 times
Reputation: 25444
Companies won't pay to retain talent because most people will stay anyway and just ***** about the pay. If they give a few people big rises, the rest will feel stiffed. So the easiest thing to do is to give everybody a 2% increase.

If you want a substantial ~20% raise, switch to a new company about every 4 years.
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Old 09-30-2016, 07:58 AM
SQL SQL started this thread
 
Location: The State of Delusion - Colorado
1,337 posts, read 1,189,542 times
Reputation: 1492
Quote:
Originally Posted by Vision67 View Post
Companies won't pay to retain talent because most people will stay anyway and just ***** about the pay. If they give a few people big rises, the rest will feel stiffed. So the easiest thing to do is to give everybody a 2% increase.

If you want a substantial ~20% raise, switch to a new company about every 4 years.
I agree with this. My rule is usually "New every two", so like 2-3 years I start feeling that itch.
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Old 09-30-2016, 08:08 AM
 
Location: Concord, CA
7,154 posts, read 9,258,516 times
Reputation: 25444
The other benefit to moving is that you can leave the bad stories about you behind.

You'll be that fresh new wunderkind who will do great things.
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Old 09-30-2016, 09:06 AM
 
7,961 posts, read 4,953,991 times
Reputation: 15912
Quote:
Originally Posted by s1alker View Post
Many companies prefer to have a revolving door of incompetent employees than one well paid one.
Very true. And these companies don't deserve to be in business sadly. If you're that stupid you shouldn't be operating in business
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Old 09-30-2016, 09:10 AM
 
Location: broke leftist craphole Illizuela
10,326 posts, read 17,384,011 times
Reputation: 20327
At the same time there are a lot of companies that are total crap. If you are in a field where finding a good job is tough and you find a company that treats you well and pays you at least fairly it is worth sticking around rather than taking the risk of stepping into a hot mess.
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Old 09-30-2016, 10:04 AM
 
Location: NYC
20,550 posts, read 17,609,185 times
Reputation: 25616
Smaller firms pay to keep people because they can't afford to keep hiring and retrain.
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Old 09-30-2016, 11:17 AM
 
Location: West of Louisiana, East of New Mexico
2,916 posts, read 2,988,163 times
Reputation: 7036
Quote:
Originally Posted by MSchemist80 View Post
At the same time there are a lot of companies that are total crap. If you are in a field where finding a good job is tough and you find a company that treats you well and pays you at least fairly it is worth sticking around rather than taking the risk of stepping into a hot mess.
Great point.

I've seen people at my company leave, only to come back a year or so later. No firm is perfect. You have to decide what you're willing to put up with. Your current job may pay X dollars, while a potential new gig is offering a 15% pay raise. But the new gig requires a solid 60-70 hours per week while the current job is a standard 40/week with slightly better medical benefits and a nice manager to work for. Lots of people just go for the increase in money but don't factor in the TOTAL compensation and benefits. You'll rarely switch jobs for more money without taking on a crap load of additional issues (stress, unfamiliar business practices, new leadership etc.).
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Old 09-30-2016, 12:44 PM
 
Location: City Data Land
17,156 posts, read 12,915,217 times
Reputation: 33164
The same reason companies jump through hoops to attract new customers but make no effort to retain loyal ones: they aren't thinking about their future of the corporation long term. Sure it's nice to have a great fiscal year, but it's much better to have a great fiscal decade, even if the numbers aren't as impressive over all. Customer (and employee retention) saves companies so much money over going to the effort of having to attract new customers/employees. A company's current customers and workers are just as important or even more important than their new ones.
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Old 09-30-2016, 03:56 PM
 
Location: Birmingham, Alabama
2,055 posts, read 2,560,213 times
Reputation: 3548
Quote:
Originally Posted by High Altitude View Post
Because they see very little value in their current employees, are short sighted and have no vision.
Perfection. Great answer. They literally feel their employees are a liability. but new employees are rolled out this substantial red carpet when they start, sometimes, (not most of the time) while current employees wonder when they will get a pay increase. if ever.

No loyalty anymore. We are all commodities.
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