The tech industry also doesn’t reward loyalty, even at big tech.
There’s a reason for the low tenure at most firms and it’s primarily due to the lack of rewarding experience and depth of field knowledge at most companies. When you have to get a new job just to get a salary increase that keeps up with inflation you are going to see a lot of job hopping when the skills of the workforce are generally in demand.
How often is it that someone leaves because they can get paid better elsewhere? Why do we think this wouldn’t drive the primary cause of people leaving companies?
Where the fuck is the company showing any loyalty to its workforce?
> Where the fuck is the company showing any loyalty to its workforce?
They have been and are out there. But all it takes is a change on C level and cost cutting suddenly is everything, loyalty a thing of the past. That is, you cannot count on loyalty anymore, even if the company you are working for is currently showing it (or seems to).
Yeah I don't see the big mystery here. People leave to keep up with cost of living or get away from toxic elements in their current workplace that are otherwise difficult - if not impossible - to change by staying. It's not something we want to do, it's something we have to do for one good reason or another. If we had better rights and meaningful raises to improve or even sustain our quality of life, the job hopping would surely decrease. The layoffs and the reason for job hopping are both attributed to actions on the employer's side.
For almost every job I've had, I would have been more than happy to stay there if it provided the career growth that job hopping provides. Companies seem to deliberately make internal promotion far more difficult than just job hopping to L+1.
Big tech employees have been abandoning companies the second they can get higher TC for decades, and as soon as the companies start firing a very small fraction (in a lot of cases people who were coasting or incompetent) its a problem of morality?
You can really see what people are made of when they face adversity. Good luck.
Big tech employees are a fraction of all tech employers and employees. There’s problem so systematically pervasive that you see this across the board. Companies do not value long term retainment of employees up and down the size spectrum and it’s very clear in how they behave.
They don’t award experience and depth of knowledge in any way that is indicative of fostering retention
Big tech employees have been doing that because they see new hires (who have themselves switched from another big tech company!) get a lot more comp than their meager raise. Don't blame the workers from reacting to the signals that company is sending through its own deliberate actions.
There’s a reason for the low tenure at most firms and it’s primarily due to the lack of rewarding experience and depth of field knowledge at most companies. When you have to get a new job just to get a salary increase that keeps up with inflation you are going to see a lot of job hopping when the skills of the workforce are generally in demand.
How often is it that someone leaves because they can get paid better elsewhere? Why do we think this wouldn’t drive the primary cause of people leaving companies?
Where the fuck is the company showing any loyalty to its workforce?