Alex Nguyen. (LinkedIn Photo) People tell me I don't have company loyalty. But then I ask which companies have employee loyalty. Those two lines are part
‘I’m proud of being a job hopper’: Seattle engineer’s post about company loyalty goes viral::undefined
At the end of the day, software developers desire two things: An interesting technical challenge, and fair pay/benefits for the work done. If you can’t provide either, you have a problem. Not the employee.
I’ve known quite a few people that were paid under the market value because they liked their job and tasks. I’ve took a salary hit once at the start of my career because I hated my job too much and wanted the job I was interviewing for. Didn’t regret it too. Though two years after I accepted a job at FAANG.
Companies like to straddle the technical challenges appeal where they’re innovative risk takers but don’t you dare try to improve on any existing system. If they just want firefighters then say so and accept that people aren’t going to be passionate about it.
Companies don’t even take risks anymore. They wait for some startup to take all the risks, acquire them, and integrate some partial abomination into their existing product
I had one job where the company gave annual 401k lump sums based on profit. Some of those deposits were upwards of $20k. No company before or since has boosted my 401k so much.
If the new company also matches, it’ll probably make you more money than staying, because the max match is reset. If you really game it you might max out the match for both companies in the same year.
Well… yeah. That’s how they use benefits to encourage loyalty.
When I hit 5 years, I vest and my employer begins double-matching, including retroactive contributions. I put in 7%, so in another 2 trays they’ll put 70% of my annual salary into my retirement all at once.
It heavily encourages loyalty because it’s genuinely a great benefit. I have no problem with that.
I work for money, and the reward for loyalty is more money.
Ain’t nobody giving increases like new bosses.
You want loyalty? That’s what pensions were for. Fuck your 401k, I can invest myself, thanks.
You want loyalty? Give better increases.
At the end of the day, software developers desire two things: An interesting technical challenge, and fair pay/benefits for the work done. If you can’t provide either, you have a problem. Not the employee.
Hell, many will forego one for the other.
I’ve known quite a few people that were paid under the market value because they liked their job and tasks. I’ve took a salary hit once at the start of my career because I hated my job too much and wanted the job I was interviewing for. Didn’t regret it too. Though two years after I accepted a job at FAANG.
Companies like to straddle the technical challenges appeal where they’re innovative risk takers but don’t you dare try to improve on any existing system. If they just want firefighters then say so and accept that people aren’t going to be passionate about it.
Companies don’t even take risks anymore. They wait for some startup to take all the risks, acquire them, and integrate some partial abomination into their existing product
You should add autonomy to that list too
You can’t match your own contributions, though.
I’ve never seen a place that matches as much as a new job would pay.
I had one job where the company gave annual 401k lump sums based on profit. Some of those deposits were upwards of $20k. No company before or since has boosted my 401k so much.
If the new company also matches, it’ll probably make you more money than staying, because the max match is reset. If you really game it you might max out the match for both companies in the same year.
Often times the ‘match’ isn’t matched fully until you’ve been an employee for x years. Ask your HR department about their vesting schedule! 🤓
Well… yeah. That’s how they use benefits to encourage loyalty.
When I hit 5 years, I vest and my employer begins double-matching, including retroactive contributions. I put in 7%, so in another 2 trays they’ll put 70% of my annual salary into my retirement all at once.
It heavily encourages loyalty because it’s genuinely a great benefit. I have no problem with that.
I work for money, and the reward for loyalty is more money.
Beats the hell out of a pizza party.
It’s only up to 6% though.
It’s still free money. Between maxing that ans espp, I basically got a free $16k last year.
Yeah it’s free money but it’s not as much as what grandfather would have gotten in his pension
Spot on.
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