[hx8]

How much extra money would you need to leave your job and go to another one, with similar culture/benefits/other considerations? Most people wouldn't go for 1%. Many people wouldn't go for 15%. You have to take into consideration things such as the risk of moving to an unknown situation, the intangible benefit of your work place reputation where you currently are, the value of how your experience will look on your resume, etc. If given the choice between two candidates, the one that I suspect will leave for a 1% raise and the one that will need 15%, I'll hire the 15%.

Then there's the fact that some people have a perception that those in crypto/startups value promises of future money very highly. You wouldn't hire someone that you think will leave for a bit of equity the next time a hype wave hits tech.

[starttoaster]

Speaking in percentages in this context is generally not super useful, in my opinion. For example, 15% on top of a $200k/yr salary is a pretty decent increase if we're talking about a similar role/set of responsibilities, and seemingly similar culture/benefits. That's almost an extra $800 take-home per paycheck. Assuming a semi-monthly payroll cycle. I just bought a new induction stove and oven for $900, that pay increase would have almost covered it by itself in 2ish weeks. We're talking about a lifestyle change with that bump.

15% on top of a $80k/yr salary on the other hand is a pretty measly $350 extra per paycheck. I wouldn't give up my current workplace culture for that, no.

> If given the choice between two candidates, the one that I suspect will leave for a 1% raise and the one that will need 15%, I'll hire the 15%.

I guess I want to know what magic intuition this hiring manager possesses to gauge what dollar amount a person they just met would be willing to walk away for, though, where they are sure the other person would surely walk for a 1% bump.

I work for a startup today, and can tell you that I've certainly considered looking to FAANG positions for a higher salary. I don't know how much other people pay attention to the performance of IPOs lately, but equity is not as nice as cash in hand right now. And I don't know how much people here pay attention to crypto news beyond the headlines, but DevOps/SW Engineers that work for failed crypto startups don't typically get the same dissolution payouts that the CEO/founder did. I believe using either background as a signal for a person's level of greed is hugely misleading.