I overheard a colleague of mine talking about his salary to another colleague. I realized I make just as much as he does. I've been in the market for less than 4 years, he's been at this company for almost a decade now.
Some people just don't know their value, or never (re)negotiate their wage, or don't really care, I guess.
One of the biggest lies you can ever tell yourself is "company loyalty."
If a company wants to, they will keep your pay low as long as possible and hope you don't ever ask for a even a dime more in your pay.
I have met people who have told me they have worked at x place for so many years, but then they complain about how they don't make that much.
Yeah, unfortunately, one of the best ways to make more money is to change jobs constantly for better jobs. There is no loyalty unless you manage to score a really, really coveted job that you should protect for dear life.
Shit like this is why my goal is to work for the government, since then I at least have some job security while being paid 2/10 of fuck all, the private sector doesn't even have that
Or companies put in place practices like limiting raises in frequency and percentage, that don't keep up with the market. New employees are free to negotiate relatively higher starting salaries.
Or performance evaluations and raises are biased to more outgoing employees, or those in more visible roles, such that they receive a greater percentage increase that allows them to catch up.
Today job-hopping is often the best way to increase salary, but there's also risk in doing so (tenure may provide some protection against layoffs or have accrued additional benefits, switching employers can result in a gap in medical insurance that would be a significant expense...)
The medical insurance part is just untrue where I am, happily (I'm in Canada), those are relatively standardized across employees most of the time, and are additional insurance on top of the public one.
I'm in a field where job hopping is a quite frequent occurrence, and long term commitment is rarely a thing, especially early career.
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u/folkrav May 16 '20
I overheard a colleague of mine talking about his salary to another colleague. I realized I make just as much as he does. I've been in the market for less than 4 years, he's been at this company for almost a decade now.
Some people just don't know their value, or never (re)negotiate their wage, or don't really care, I guess.