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.There's obviously some kind of prisoner's dilemma-like iterated game that reaches that Nash equilibrium, and I'm trying to figure out what it is exactly.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't unheard of for that level of responsibility at all, the problem is that getting that kind of adjustment is impossible. It's possible to be hired in at that salary, though. I've noticed this is true for most organizations I've worked at.