this post was submitted on 27 Feb 2025
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Yep you’re right about all that. It’s a tough situation because it not only requires both employers and employees to behave correctly, it also requires all companies to be doing so at once. If one company makes big investments in skills and gives steady raises annually, but another company offers a little more salary right now, guess where employees are going to go. It may not even be in their long term interests to do so but we sometimes think short term too.
It’s going to be tough for any company to offer all the long term stability things and the short term higher salary. TBH this is what you get at the top tech companies right now and everyone hates them for being exploitative monopolies. But that’s also how they stand head and shoulders above others in order to be able to do this stuff. 🤷♂️
BTW when I say they offer long term stability I guess there are no guarantees with that, but they do offer equity vesting that makes staying with them long term much more rewarding. Right now I’m totally locked into the golden handcuffs and even through my short term prospects at work suck really badly and I hate my day to day, I’d basically be cutting my income by half if I left to get a job on the open market. That ain’t a long term employment contract or pension but it is compelling.