Raises and Job Switching

Cluster discusses challenges in securing significant salary raises from current employers, emphasizing that switching jobs is often the most effective strategy for substantial pay increases, with advice on negotiations, promotions, and personal experiences.

📉 Falling 0.1x Career & Jobs
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Keywords

US OP HN IMO FooCorp HR EVERY CEO NPV FAANG raise company salary pay ask mos promotion underpaid companies jobs

Sample Comments

bb123 Jun 24, 2021 View on HN

Why would this disincentivise asking for a raise?

derekp7 Jun 23, 2021 View on HN

I wonder if instead of asking for a higher raise, if there is better luck asking for a promotion. A promotion can typically be justified as getting an additional 10 - 15% bump in pay on top of the last merit increase, and can happen at any time of the year. Technically you are leaving one role and getting hired into a new one, but at the same company.

brango Jan 30, 2018 View on HN

It's not a tech issue, it's a business issue. Why give people bigger raises than they may otherwise ask for? That's just wasting money. It's the same logic for why you only get a good deal when you threaten to leave your mobile phone provider. They don't want to proactively reduce your rate or make it too easy to get a discount otherwise they might be doing it unnecessarily.The squeaky wheel gets the oil.With work, it's also about an employee's best alter

throwaway576652 Sep 27, 2022 View on HN

What do you mean? It's well-known fact that if you want to increase your salary, you need to change employer.

chaostheory Mar 11, 2022 View on HN

Unless you have a key position in a competitive FAANG company, the answer is always the same. If you want a real raise, change jobs. Historically, US companies have set this precedent and it hasn’t changed for anyone but people working in either FAANG or certain fintech or finance companies.

yekko Apr 3, 2013 View on HN

Dude, you don't ask for a raise. You need to know your worth and go grab it. Either at the current company, or elsewhere.

raztogt21 Aug 24, 2021 View on HN

Had a two 20% increase over a 6 month period at the same company by just asking to "be at the same rate as other positions in the market".

beams_of_light Jan 19, 2023 View on HN

This is an HR problem. If they’re happy with their job, it’s not possible for them to get a raise with the current company that likely comes anywhere close to what they can get jumping ship. If HR would be willing to say “Hey, we recognize that this person is doing good work and want to keep them, but also recognize they can realize a 50%+ increase elsewhere. Let’s open the checkbook.” Instead, they’ll say that the most they can give them is somewhere around 10%, maybe the manager can fight for

oh_sigh Jun 3, 2015 View on HN

Negotiate a higher salary then?

vermooten Jan 31, 2019 View on HN

I found I was being 12% less than my peers. My boss said yes I'll get you a pay rise to match. 6 months later, nothing had happened. It then took me 3 weeks to get another job paying 20% more. When I told my employer I had this offer, all of a sudden the 12% appeared. I said no, too little too late - a few weeks later they said "Name your price" to stay.Simple explanation: they saved money. Of course now they have to recruit, and then the new person needs a lot f time to learn