Why don't tech companies pay their engineers to stay?

Re:Why don't tech companies pay their engineers to stay? by 535188B17C93743 on Tuesday August 03, 2021 @11:14AM (#28050175)

While I think it's an organizational failure, even if folks aren't "growing" after 36 months, I definitely think there's institutional knowledge they have that helps them be more effective... the more time that elapses, the more of that institutional knowledge is lost and not documented.

Obviously it's not great to have companies hanging on by the thread of a single person's knowledge over 10 years, but I feel like at a lot of companies (especially smaller companies), this is the reality.

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Re:Why don't tech companies pay their engineers to stay? by sparker72678 on Tuesday August 03, 2021 @11:22AM (#28050253)

> but I feel like at a lot of companies (especially smaller companies), this is the reality.

Exactly.

There are many small companies that will be far more impacted be one of their 2 developers leaving than they would be by the owner being hit by a bus, but they'll still balk at raising salaries.

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Re:Why don't tech companies pay their engineers to stay? by MichaelZuo on Tuesday August 03, 2021 @12:05PM (#28050876)

Well market dynamics over the long term should take care of companies that short sighted. They will be outcompeted by others that are better at building organizational capacity.

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Re:Why don't tech companies pay their engineers to stay? by abc_lisper on Tuesday August 03, 2021 @03:03PM (#28052827)

Yeah, that long term is not useful for the engineer whose skills should be valued right. He will be older by that time

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Re:Why don't tech companies pay their engineers to stay? by MichaelZuo on Tuesday August 03, 2021 @09:04PM (#28056128)

Well that’s sorta how life works? It’s like any other market dynamic that organizes society. No guarantees that anyone will be utilized to their highest and best purpose.

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