Quote:
Originally Posted by Unregistered
inflation play a part.
imagine back in 2012 fresh grad salary 3.8k and in 2021 is 5.5-5.7k
and let say the senior(2012) with 9 years experience now have a 5% salary increase every year, he will be drawing about 5.9k in 2022
they is why the senior salary and the junior salary are so close now, and the senior will feel intimidating (OS: Why I do so much more and paid abit more than junior only)
|
this is exactly what happened. due to the tech boom, even traditonally non tech-focused firms like bank are hiring fresh grad techies en masse with higher salary offers. in order to compete, tech firms like govtech have to do the same for newcomers.
The diff? tech firms have more incumbents that will be dissatisfied when they see juniors with higher pay. tbh this retention issue is a fairly new problem.....