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A comment on Why don't tech companies pay their engineers to stay?. Parent comment

Re:Why don't tech companies pay their engineers to stay? by Retric on Tuesday August 03, 2021 @02:43PM (#28052631)
Performance ratings are meaningless if you’re jumping ship every 2-4 years and the difference is between working twice as hard is a 2% raise vs a 4% one. What companies forget is new employees see the legacy of how you treated old employees over time.

The basic structure of small consistent pay bumps was extremely effective when people stayed at companies for decades. Work twice as hard and make 2 percent more for the next 30 years, that’s a big bump. Pensions pushed that out so even people nearing retirement still had reason to care.

I am not recommending people do the minimum, just acknowledging how people respond to incentives.

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Re:Why don't tech companies pay their engineers to stay? by captainredbeard on Tuesday August 03, 2021 @08:00PM (#28055761)
The gap at big tech companies between okay and "doing well" (i.e. twice the effort) is not a 4% raise, it's a 40% raise.
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Re:Why don't tech companies pay their engineers to stay? by Retric on Tuesday August 03, 2021 @09:58PM (#28056409)
That’s easy enough to check by actually talking with other employees. It’s really not a company wide question, often large raises early are fairly easy but get dramatically harder as compensation increases. Which of course change the effort:reward calculation over time.
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