<story><title>Employers bow to tech workers in hottest job market since the dot-com era</title><url>https://www.latimes.com/business/story/2021-07-31/employers-bow-down-to-tech-workers-in-hottest-job-market</url></story><parent_chain><item><author>dbish</author><text>Even if you think you’re well paid, now is the time to look around. I’ve had a lot of friends, mentees, and coworkers get huge bumps on total compensation even as relatively senior engineers and managers. Pay is jumping and companies aren’t doing a great job keeping that up for their people who have been around for a few years. As an employer, that should be the top worry, keep comp up, don’t lose your people because you’ve become complacent on pay and don’t understand that the market is changing right now</text></item></parent_chain><comment><author>onlyrealcuzzo</author><text>On the flip side - I tell recruiters immediately they have to AT LEAST match my current comp. Every single one of them so far has said they can&amp;#x27;t even get close.&lt;p&gt;If you work at FAANG - your RSUs (most likely) have doubled in about a year. You could easily already be getting paid more than the max offer for the level above where you&amp;#x27;re currently at.</text></comment>
<story><title>Employers bow to tech workers in hottest job market since the dot-com era</title><url>https://www.latimes.com/business/story/2021-07-31/employers-bow-down-to-tech-workers-in-hottest-job-market</url></story><parent_chain><item><author>dbish</author><text>Even if you think you’re well paid, now is the time to look around. I’ve had a lot of friends, mentees, and coworkers get huge bumps on total compensation even as relatively senior engineers and managers. Pay is jumping and companies aren’t doing a great job keeping that up for their people who have been around for a few years. As an employer, that should be the top worry, keep comp up, don’t lose your people because you’ve become complacent on pay and don’t understand that the market is changing right now</text></item></parent_chain><comment><author>mmaunder</author><text>Exactly this. We just gave all our devs a significant raise - way above the norm, and way way earlier than we would. We&amp;#x27;re acknowledging the reality of demand, scarcity and wage inflation. My co-founder (also my wife) and I immediately felt our blood pressure drop once we did that.&lt;p&gt;Market conditions are making it hard to retain and very hard to hire. We&amp;#x27;ve done a bunch of other stuff to recruit - which I described in another comment here - and it&amp;#x27;s making a huge difference. Employers who don&amp;#x27;t respond to these market conditions are in for a rough ride.</text></comment>