What makes you stay at a company 5+ years?
I've been with my company for 8+ years and thinking about leaving. They took away pension plan about 5 years ago, but have 4% matching 401k, decent health benefits, and I pay $180 for coinsurance plan, they have between 1-4% raise per year depending on how the company perform. Work life balance is ok, but I feel I'm underpaid. I'm new so not sure how you all calculate TC? Which I assume mean total compensation. So what keeps you at a company for the long haul?
Golden handcuffs
Over 5 years is good time to leave
TC is easy to calculate. How much money do you make in a year, total? A lot of tech companies pay in salary + equity + bonus, so a basic TC formula for this: TC = base salary + equity/year + bonus Example Facebook offer of $200k salary, $400k RSUs over 4 years, and a 15% salary bonus: TC = $200k base salary + $100k RSU + $30k bonus TC = $330k
Thanks for this, this is before tax?
before before tax
Good bosses. Really good bosses
I value learning, money, career growth, team and think most do. If one is down, then others should rise to keep me there.
Jump ship around every 2 years to maximize TC
This^
Not sure what your base salary is, but mine wasn’t nearly enough to compensate me for the harassment and hostile work environment I tolerated for the last three years at my last job. Poor pay and horrible leadership added to the mix. I stayed eight years growing my skill set and waiting for THE BEST opportunities to apply for. When I accepted my offer, I knew I’d found a new professional home. When it’s time to go, you’ll know.
I got too old to want to deal with job hopping. I put up with below market rates to keep the favorable environment.
Can't believe no one called OP out for not posting his/her TC 🙄 Is this not Blind?
Ooh he was clever. He claimed he didn’t know how to calculate it so we all deferred.
Stayed at my last company for 5 yrs even though I was underpaid. I loved the team, enjoyed working on the products, learned a lot about software and humans and management and tradeoffs and only left to pursue different work in an industry I wanted to be in. My ideal now is to make more money and replicate the experience of a team I enjoy working with