Anyway, just letting you know that we’re out here.
Anyway, just letting you know that we’re out here.
I'm curious—how does this work? More responsibility ought to mean more compensation—what incentive is there to be a boss if you'll make the same as your reports?
I believe the theory is to avoid the Peter principle. If someone is promoted into a position for which they are not competent, then they can be transferred back to their old position without lowering their salary (since it’s been the same salary the whole time). I also think there’s some stuff about passion, grit, and drive that’s been imported from the private sector.
This seems extremely low for the US. I've had trouble in the past hiring good sr. engineers in the 150-200k range outside of a tech hub.
Are devs staying because they believe in what they do and are willing to take lower compensation?
Because I wouldn't go to work for a startup even for that much (which is over 2x my current salary). The instability and likelihood of toxic techbro culture (eg, "fast-paced work environment, with people passionate about what they do", aka "you'll be expected to work 80-100 hours a week"...) are just way too high.
I don't know if you're in US or Europe or somewhere else, but "2x my current salary", meaning you're around ~75-100k? In the US that's low for software aside from maybe early career or if you're working for some non-software-oriented company, from what I can tell now that salaries are starting to be publicly listed on more and more jobs.
You're probably doing yourself a disservice by at the very least not even exploring other options and sticking at one place out of comfort.
Just my 2 cents, you know your situation better than some rando on the internet.