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by Enhex
1686 days ago
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for software developers it takes time to learn their way around a new code base (usually 3-12 months), so low retention is highly detremental.
economically a business can be better off giving a big raise than losing someone, paying recuiters, losing time on finding a replcement, losing time until the replacement gets up to speed, and eventually losing the replcement too.
if this whole cycle could mean for example the business only get 1 year of effective work out of 2 years, in which case doubling the salary to retain someone is just as effective. also it isn't extortion if someone gets a better offer elsewhere, and the offer cant be infinitly high. to conclude no retention means lack of second order thinking. |
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That's why the people getting raises won't be the ones who do the best work, but the ones, who complain about their salaries the loudest, or go to interviews and get counteroffers.
Remember - you are probably getting paid as little as the company can get away with paying you.