It's interesting to look at comp vs. tenure to see how companies value hiring v. retention
E.g., from levels.fyi data (and people I know), it appears that FB and Amazon value retention at least as much as hiring whereas Google and Twitter value hiring over retention
E.g., from levels.fyi data (and people I know), it appears that FB and Amazon value retention at least as much as hiring whereas Google and Twitter value hiring over retention
A funny thing about valuing hiring over retention is that you'll often see people leave immediately after a promo
I know former Google folks who've done this because their promo didn't come up with a significant pay bump. "It will come with time", but they saw no reason to wait
I know former Google folks who've done this because their promo didn't come up with a significant pay bump. "It will come with time", but they saw no reason to wait
I think this is something people generally underestimate when considering offers.
An offer from a company that's serious about comp for retention and not just hiring is actually worth a lot more than a nominally similar offer from a company that only cares about hiring.
An offer from a company that's serious about comp for retention and not just hiring is actually worth a lot more than a nominally similar offer from a company that only cares about hiring.
Even if I didn't care about my comp, I would view valuing hiring over retention as a negative after watching a disproportionate fraction of the best people I worked with leave at one employer.
Working with good people is great and it sucks when the company doesn't retain them.
Working with good people is great and it sucks when the company doesn't retain them.
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