Comment on Employees Who Stay In Companies Longer Than Two Years Get Paid 50% Less

yessikg@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

• 5too@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Then you realize, since your raises no longer even keep up with inflation, your current job is now underpaying you - making it more difficult to hold on to what you do have.

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  • LikeTearsInTheRain@lemmynsfw.com ⁨3⁩ ⁨weeks⁩ ago

    Or alternately you jumped around a lot, make much more than your peers, and getting towards mid/late in your career where you become the target of layoffs for costing more than everyone else.

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    • Lets_Eat_Grandma@lemm.ee ⁨3⁩ ⁨weeks⁩ ago

      You get laid off… and then one of your connections from the last 15 roles has an open position that you fit in.

      alternatively: you as 50something tech worker who has only had one gig for 15 years gets canned for whatever reason goes to the streets and every single employer who interviews you sees just how out of date you are with technology because you haven’t learned anything new in forever. You end up working at an arcade until eventually taking a huge pay cut becoming tech support or working for a low paying company nobody with experience wants to work for.

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      • Shanedino@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        So you’re part of the problem…?

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  • yessikg@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

    If you have an office job this is not an issue since your salary is way more that what most people make

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• phoneymouse@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  There are definitely reasons not to change jobs constantly. It kind of depends on industry.

  Finding a new job might mean you need to relocate, which is inconvenient and becomes harder if you own a home or have a family.

  There is also always a risk that the new company’s culture or your new boss are bad. It’s not something you can really know for sure until you switch, but if they aren’t good, it might not be worth the extra money.

  It also takes time to ramp up and figure out the way things work. Being new in a job kinda sucks for a lot of reasons.

  Your current job might offer something that is hard to find elsewhere like flexibility to work remotely when you want, or free food, or a good 401k match.

  Some benefits take time to accrue and starting over at a new company might mean starting over. For example, some companies increase vacation days based on years of service. Same goes for other things like percentage of 401k match. You might also miss out on the full 401k at your current job if you leave early depending on vesting schedules.

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