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.
And thanks for posting salary numbers. I have a personal hypothesis that we Americans wouldn’t be having these pay issues if we were up front about what we earn, shared widely.
My company gives up the numbers in our all-company meeting every month. Well, quarterly or so. No one but the accountants need to hear that every 30-days. Always surprised how well earnings match projections and how little total profit there is vs. compensation. Great balance between employee pay and company profit.
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.
Now that is a truly unusual story! Great to hear!
And thanks for posting salary numbers. I have a personal hypothesis that we Americans wouldn’t be having these pay issues if we were up front about what we earn, shared widely.
My company gives up the numbers in our all-company meeting every month. Well, quarterly or so. No one but the accountants need to hear that every 30-days. Always surprised how well earnings match projections and how little total profit there is vs. compensation. Great balance between employee pay and company profit.
And we are wildly successful. Imagine that.