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by Aqua_Geek 505 days ago
Anecdata, for sure, but my experience working at several big companies in tech is that they won’t significantly bump your pay (and especially not your stock grant!) when they promote you. If anything, they will move you to the minimum of the salary band for the new level.

In my experience, you’re better off getting the promo and looking for the next job at your leisure. It sucks that that is what the system rewards, but I certainly don’t fault people for playing the game that is given.
1 comments
9rx 504 days ago
> that is what the system rewards

Commensurate to the risk, of course. If you ignore the risk component then your best bet is to forget having a job and spend your days playing Powerball. The system offers much, much, much greater reward there.

If you keep risk in mind then it's not so clear cut. Staying at the job you have, even with lower pay on paper, may end up being the most profitable option in the end. But sometimes you just have to make the gamble and find out! There are winning opportunities for sure.

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johnnyanmac 504 days ago
Risk depends on the market strength. In good times, you could easily jump to a new job with a raise in weeks and there's little risk as long as you're not outing youself at work.

In bad times like this, probably not worth it. The search takes months not, if not over a year, and there's a non-zero chance you're laid off anyway.

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9rx 504 days ago
Weeks can be a long time if it doesn't work out. And that is, by your own comment, in the good times. The good times don't last forever. Upon some dice roll it is going to turn, and when that one doesn't work out now you could be looking at months or years.

Staying put isn't risk-free either. Not by any stretch. But is comparatively less risky. It is the devil you know, hence the lower risk premium.

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