Re:I think I know why you can't hire engineers right now
by heavyset_go on Thursday January 13, 2022 @02:10AM
(#29917723)
> > Is an extra $10k per year worth learning a new org, a new skillset, a new set of expectations, a new set of coworkers, and a new boss?
> For many engineers, the answer is: “No.” Yes I could quit and get a ~20k raise by shopping my resume around, but I don't need the money.
Would you feel the same if you were enticed to switch jobs with offers of 1.5x, 2x or more than what you're currently making?
I think plenty of people would consider leaving their current employer, even with the headaches that comes with doing so, to make 50% to 100%+ over their current compensation package. I know I would.
I agree that engineers might not jump ship for a $10k increase in income, and it seems to me that the market rate for engineers based on current demand isn't captured by offers of $10k to $20k above current salaries. That would suggest that if employers are truly that desperate for engineers, like they say they are, then they'd need to offer more money to outbid their competitors' offers.
Truthfully, I have a feeling that many employers' choices of not offering larger compensation packages to potential employees don't stem not a rational economic choice, but from a feeling that such offers are "too much" for engineers. Some companies would rather not hire, and make less money, than hire new employees at their market rates and profit from their work.
> For many engineers, the answer is: “No.” Yes I could quit and get a ~20k raise by shopping my resume around, but I don't need the money.
Would you feel the same if you were enticed to switch jobs with offers of 1.5x, 2x or more than what you're currently making?
I think plenty of people would consider leaving their current employer, even with the headaches that comes with doing so, to make 50% to 100%+ over their current compensation package. I know I would.
I agree that engineers might not jump ship for a $10k increase in income, and it seems to me that the market rate for engineers based on current demand isn't captured by offers of $10k to $20k above current salaries. That would suggest that if employers are truly that desperate for engineers, like they say they are, then they'd need to offer more money to outbid their competitors' offers.
Truthfully, I have a feeling that many employers' choices of not offering larger compensation packages to potential employees don't stem not a rational economic choice, but from a feeling that such offers are "too much" for engineers. Some companies would rather not hire, and make less money, than hire new employees at their market rates and profit from their work.