It's a retention issue. If people don't level up fast enough and get raises they'll leave for another company.

This is underlying problem with promotion culture, I am in a big financial firm, my whole team wants to get promoted every 1-1.5 year. I feel people are not really learning how to write and manage software systems properly due to this.

At Google at least, if you stay low level for too long, you get fired. If your team is full of low level people maintaining a project that's stable, you need to invent work to justify your existence.

You only need one promotion, L3 (entry level) to L4 (mid level), to not get fired at Google. And the company is quite generous with how long it gives you to get there. L3 to L4 is basically about writing good code on your own, and isn't really affected by promo culture -- doesn't really need shiny work.

Several years back, you had to also eventually get to L5. This was more affected by promo culture, but was also largely unenforced, which is why they get rid of the formal requirement to get to L5.

> L3 to L4 is basically about writing good code on your own, and isn't really affected by promo culture

I'm unsarcastically glad that you had a different experience at Google than me. This was not my experience, nor the experience of anyone else on my immediate team.

It was worse than "largely unenforced", it was unevenly enforced, depending on your management chain.