Employers should prioritize retention over hiring, study suggests

Re:Employers should prioritize retention over hiring, study ... by wisnoskij on Tuesday October 25, 2022 @07:36PM (#33337675)

If pay were calculated by seniority, and not title, how else would it work?

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Re:Employers should prioritize retention over hiring, study ... by tgsovlerkhgsel on Tuesday October 25, 2022 @07:51PM (#33337804)

By calculating it based on seniority and role, or based on experience and role.

Both the janitor and the SWE get more valuable as they get more familiar with the company, but it's still a different role.

OTOH, a SWE doesn't need to be promoted to Principal Engineer to be more efficient at IC work because he knows your proprietary systems inside out.

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Re:Employers should prioritize retention over hiring, study ... by josephwegner on Tuesday October 25, 2022 @07:53PM (#33337820)

seniority * title…

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Re:Employers should prioritize retention over hiring, study ... by Firmwarrior on Tuesday October 25, 2022 @07:57PM (#33337855)

The idea is to keep everyone making the market rate without them having to job hop every few years

Generally software engineers get crappy 2% raises year-over-year and may or may not get significant RSUs/bonuses, while the market rate is flying up 5+% per year. I think most people on this site who've been working for 10+ years can attest that they snagged a 50% or more pay increase by changing jobs at some point.

I'd still be working at my first crappy post-college job if they'd been nicer to me and I were within 75% of what I can make at a nearby FAANG. But I snagged a 100% pay bump (DOUBLED pay) by changing jobs. And then I doubled my pay again a few years later! And now I've been in my current job 3 years, and I'm pretty sure I could get a 20% increase by changing jobs again even with the recession.

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