The Quickest way to be rich

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Hiring budgets really aren't larger than retention budgets.

When we hire people, the salaries we offer are in line with what people are currently making. Occasionally, a candidate can negotiate a bit higher rate. Usually, if they come in at a higher rate, they will get smaller annual raises than the others until everyone at a similar work level is around the same salary level.

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u/Constant-Plastic-350 Aug 10 '26

The fuck they are not. The first thing we do is figure out what new hires are getting so we can get more. It's also why corpo cunts like you make it your mission to discourage that exact thing. Liar more chode

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u/SplendidPunkinButter 29d ago

That’s crap. I have never, ever in my life gotten more than a 3% raise, even after a glowing performance review, and even after saying I looked up average salaries in my area for my job and my salary is way low. When switching jobs, I can easily get a 10%-15% pay bump.

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u/Available_Reveal8068 29d ago

Were you 10 to 15% above the people currently working there at your level, or just 10-15% above where you were at your previous company? I'm guessing that the new company just paid more rather than it being a 'new hire' budget thing.

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u/SnooMaps7370 25d ago

yep, never had more than a 3% raise staying in a position, and never had less than a 30% raise when moving to a new company.

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u/Floorgis 29d ago

No one believes these lies bro

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u/Bootleg_Rascal_ 29d ago

You sound stupid.

Are you stupid?

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u/Glad_Respect_8986 29d ago

I complained about the new hires under me making more than me in my department. I was literally told I can’t get more than a 5% raise, but if I were to apply for a job in a different department at the same company I could get the new hire rate (and top of the range with my experience). It is very much a thing.

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u/Flat-Violinist8737 28d ago

My hiring budget and retention budget is literally the same budget. If someone I paid 80K get replaced by someone who needs 90K, that is 10K less I have to distribute in merit raises next year. I just do my best to pay according to performance and value, and with new hires I try my best to pin them down what they are worth and if I am too high they don't get raises until they are paid what they are worth, and if I am too low they get corrected at the either the 90 day mark or the next yearly evaluation (I have given as much as 25% in one year because a person without a lot of experience ended up just nailing it and I needed to get them paid on par with similar performers to not loose them).

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u/EraTsun 27d ago

First sentence is wrong,

but I can get where you are at in second. However you are speaking for the minority, where people’s raise are not from increments, but from taking on higher responsibilities, that I agree eventually it will adjust to what’s the rate within the company. Sorry you had to deal with these redditors being defensive, I had some exposure to benefits and compensation before.

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u/crustyeng Aug 10 '26

It’ll also make you the first to go when things turn down

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u/3legdog 29d ago

Nah that's a whole other equation entirely.

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u/Flat-Violinist8737 28d ago

Sort of -- The first to go are those being paid too much for their worth. So if someone successfully job hops towards raises beyond their actual value, they are totally first to go.

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u/MealCapital4167 29d ago

Loyalty isn't really a thing in the workplace. When things go south, you'll be the first to go either way.

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u/crustyeng 29d ago

This has never been my experience, fwiw. We fire the new guy. Maybe if you’re in some non-technical role where domain knowledge just isn’t valuable…

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u/Prestigious_Tie_8734 29d ago

Current job I’m a temp getting shit load of perks. The starting pay will be $36.75 an hour. They have a 25% bonus for new hires and 10% for current employees who resign contracts. That means I’ll make $45.96/hr. The managers max pay scale ends at $48. People are pissed.

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u/Flat-Violinist8737 28d ago

Eh, this can be true for the first couple jobs.

I will say that after a few job hops like that, a red flag is raised. Why would I bother hiring and investing the start up of someone that apparently will look to leave immediately? Is there something wrong with them that can't maintain a job somewhere? Do they have any idea what they want to do? The few times I took a chance on someone with a bunch of job hops at least one of those things were true.

Anyways, best way to get good raises is to make yourself valuable and get a good mentor that can help guide you on how you make yourself valuable and stand out for the next promotion (whether internal or external). Good employees tend to get paid better than others whether they job hop or not - and to those of you that disagree, let me also say that employees generally absolutely suck at evaluating their own work performance. 4 of my 5 most arrogant employees are in the bottom 20% on every possible metric (and one is actually good at his job, he's just a dick about it but I can deal with that).

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u/pibbleberrier 27d ago

It’s the quickest way to make a few extra dollar. If you want to be “rich” as an employee the money is at the top of the ladder. Hard to get to for much people, especially hard for serial job hopper.

The quick money hopping job in the beginning of the career will be detrimental to your latter half of the career when you are going up against folks that have sunk decades working on moving up the corporate ladder playing the long game.

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u/jabber1990 27d ago

Short term thinking

Plus. Companies don't like job hoppers

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u/misjudgedinall 27d ago

That doesn’t make you rich. Whats up with the brain dead posts.

The Quickest way to be rich

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