The only way to get a decent raise, if any, in the STEM market is to switch jobs. That causes whole other issue of knowledge drain at companies that takes years to recover, if at all since nobody stays long enough.
“That causes whole other issue of knowledge drain at companies that takes years to recover, if at all since nobody stays long enough.”
When you take into account our Christmas bonuses and project completion bonuses, you’ll find we pay the best.
My husband got his BSEE 20+ years ago and is still working for the same company he started with when he graduated doing FPGA design. I’m positive he would make close to 50% more if he moved to a different company. The worst part is the company used to be a great place to work, but over the years management changes have made him miserable there. He is not a Type A and wants to remain on the technical side of things as opposed to management and I think all of those things allow the company to take advantage of the knowledge and skill he’s gained over the 20 years without compensating him appropriately. And it hurts my heart for him that he allows it to continue.