How Much Should You Pay Your Engineers to Ensure They Stick Around?
I just want a straight answer from someone who knows more than me. How come every time I switch jobs I get a 30-40% raise, but at any one company I never get more than a 1-3% raise each year, no matter the growth of productivity and responsibility.<p>There&#x27;s obviously some kind of prisoner&#x27;s dilemma-like iterated game that reaches that Nash equilibrium, and I&#x27;m trying to figure out what it is exactly.<p>I would have loved to stay at my first organization. Interesting work and research. I was PI and PM for interesting projects by the time I left. Now I make almost double. The thing is, my current salary at my original organization isn&#x27;t unheard of for that level of responsibility at all, the problem is that getting that kind of adjustment is impossible. It&#x27;s possible to be hired in at that salary, though. I&#x27;ve noticed this is true for most organizations I&#x27;ve worked at.