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A comment on Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less (2014). Parent comment

Re:Employees Who Stay in Companies Longer Than Two Years Get... by chasd00 on Wednesday June 05, 2024 @05:23PM (#40590789)
> Both saw a limit on the time someone could be at the company and still be promoted.

this is called "up or out", maybe 10-15 years ago my little sister had this same setup at Mckinsey but she's not there anymore. The idea iirc was if you haven't been promoted in 2-3 years then you're better off leaving and trying somewhere else so you get let go. I haven't heard of that setup in a long time.

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Re:Employees Who Stay in Companies Longer Than Two Years Get... by throwaway7ahgb on Thursday June 06, 2024 @08:06AM (#40596435)
Tech companies usually have terminal levels. Meaning "up or out" exists, but once you reach Senior or Staff then it is ok to stay at that level indefinitely.
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Re:Employees Who Stay in Companies Longer Than Two Years Get... by ghaff on Thursday June 06, 2024 @11:32AM (#40598672)
As I understand it, it's mostly a reflection of partnership structures at big law firms and consultants. At some point, you become a partner and bring in new clients or... there's a limited need for super-senior associates that mostly do billable hours and expect increasing salaries.
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