I think we’re going to need a couple of different disciplines. Highest average pleasure would seem like an obvious one, but I would also like to see one related to conception efficiency.
Doesn’t hurt to check out your options. And almost any job will welcome you back (usually at your new pay rate) if you change your mind down the road.
Over my career, lateral moves have netted me +80%, +30%, and 20%. Not to mention quality of work/life improvements.
Most companies basically offer a < 5% raise every year, which is just around inflation. Maybe a 10% bump if you get promoted. The wider world values your skills much more.
It doesn’t cost you a dime to keep your resume up to date and to check Indeed and Linked In one every few weeks for jobs like yours in your area.
Worst case, you look around and find there’s nothing in your area paying much better than you are currently earning. Congrats. You’re in as good a position as you can reasonably expect.
More likely though, you’ll see one or more of a few other trends in your search:
Employers are all looking for a specific skill adjacent to your skill set that you don’t have. Might be time to look into a class or something to pick this skill up and increase your potential.
Employers around you are all willing to pay more than you’re making but want more experience. In this case you can sit tight…or throw your hat into the ring even with less experience. They may take a flier on you, especially in this tight labor market.
Employers around you are willing to pay more for your skills and experience. This is most likely but you now need to check out why, and decide if you’re interested.
Even if you’re not really interested (maybe the specific opening is too far away or not a big pay increase or something) it may still be worth reaching out, even if just for interview practice. Lots of people really struggle with interviews, and being able to do one where you’re not really intent on landing the job may be a valuable experience.
Always good to know what you are worth and keep interviewing skills sharp. But yeah, you could wait years for a promotion (more responsibilities!) and it only be 10% whereas a lateral move at a new company could be higher pay for the same type/amount of work. Crazy, right?
I laugh at people bitching about their pay. Move. On. Why would the company suddenly throw you a 20% raise!? Out of the goodness of their heart?
My last 3 jobs (top pay): $14 -> $22 -> $39. At this point I could probably jump ship for more but I’m quite content to retire out of this place.
Stay put 3-5 years, gain experience, jump. When we moved here my buddy took a job at an oil change place, barely above min wage and far below his skillset. Kept job hopping and now he’s making $120K+.
I laugh at people bitching about their pay. Move. On. Why would the company suddenly throw you a 20% raise!? Out of the goodness of their heart?
My last 3 jobs (top pay): $14 -> $22 -> $39. At this point I could probably jump ship for more but I’m quite content to retire out of this place.
Stay put 3-5 years, gain experience, jump. When we moved here my buddy took a job at an oil change place, barely above min wage and far below his skillset. Kept job hopping and now he’s making $120K+.
Also, if your employer only bumps you up to where you should be after you threaten to leave after years of under-compensation, they’ve still won, not you. Sure you’re now being paid fairly but you’ll never get back all that pay you should’ve been getting all along. And if you don’t have that money, they do.
So interesting story. The company I work for, and have for over 10 years (right out of grad school), started to fall behind in my salary in 2020. I was beginning to consider other companies despite loving my job, but they apparently realized they were about to have a huge issue with a lot of mid-career staff leaving and gave us huge raises. Last year I got a 20% raise, this year a 8.5% plus a 2% bonus. I started at $86k in 2013, and am now up to $179k. I could do a little bit better with other companies, but not by a huge margin, and I really love my company and the work I do. It’s a non-profit, so it’s nice getting to focus on doing good engineering without answering to share holders.
My first job after I got my BSME was $45k in 2012. I was there until 2017, and left at $62k. Next job started at $72k, left at $76k in 2020. Next job was back at my first company, at $82k. So, my value went up to them 20k in a couple years. I just started a new job last month, left my old place at $96k and started at $115k.
I want to stay in one place, with coworkers and work that I like. But clearly, you have to keep moving at least every few years to really make anything. I knew guys that had been at that first company for 20+ years. Working with them again at this new place, they got like 50k increases from where they were because they were basically just getting cost of living increases for two decades.
What’s truly bullshit about this map is Hungary. To get anywhere, you have to go through Budapest and it’s been like this since the last 150 years, when it comes to rail. Even though it has at least seven metropolitan areas outside of Pest county with population above 100k… NOPE! You have to go through two of the three major railway stations of Budapest.
What’s worse is say you are a local to Hungary and you live east of the Danube. You want to visit Lake Balaton in the west. You have to take the train to Budapest. You then transfer by Metró to the other railway station. And then take another train to the lake. Three fares and two transfers, which might be fine as an individual but adds up in costs and stress if you are with family or have accessibility needs. And by accessibility needs I’m just talking about being elderly (who mostly travel free or at a very reduced rate) or a stroller.
I can only guess the reasons but I experienced this frustration when I needed to go from the very north to the very east of the country and still had to go through Budapest.
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