▲ 543 ▼ ‘I’m proud of being a job hopper’: Seattle engineer’s post about company loyalty goes viral (www.geekwire.com) submitted 2 years ago by L4s@lemmy.world [M, B] to c/technology@lemmy.world 146 comments fedilink hide all child comments ‘I’m proud of being a job hopper’: Seattle engineer’s post about company loyalty goes viral::undefined
[–] StereoTrespasser@lemmy.world 22 points 2 years ago (4 children) Fuck your 401k, I can invest myself, thanks You can't match your own contributions, though. permalink fedilink source parent hideshow 8 child comments replies: [–] Nollij@sopuli.xyz 39 points 2 years ago (2 children) I've never seen a place that matches as much as a new job would pay. permalink fedilink source parent hideshow 4 child comments replies: [–] Pulptastic@midwest.social 12 points 2 years ago I had one job where the company gave annual 401k lump sums based on profit. Some of those deposits were upwards of $20k. No company before or since has boosted my 401k so much. permalink fedilink source parent [–] bus_factor@lemmy.world 2 points 2 years ago If the new company also matches, it'll probably make you more money than staying, because the max match is reset. If you really game it you might max out the match for both companies in the same year. permalink fedilink source parent [–] foggy@lemmy.world 17 points 2 years ago (1 child) Often times the 'match' isn't matched fully until you've been an employee for x years. Ask your HR department about their vesting schedule! 🤓 permalink fedilink source parent hideshow 2 child comments replies: [–] chiliedogg@lemmy.world 17 points 2 years ago Well.... yeah. That's how they use benefits to encourage loyalty. When I hit 5 years, I vest and my employer begins double-matching, including retroactive contributions. I put in 7%, so in another 2 trays they'll put 70% of my annual salary into my retirement all at once. It heavily encourages loyalty because it's genuinely a great benefit. I have no problem with that. I work for money, and the reward for loyalty is more money. Beats the hell out of a pizza party. permalink fedilink source parent [–] RagingRobot@lemmy.world 2 points 2 years ago (1 child) It's only up to 6% though. permalink fedilink source parent hideshow 2 child comments replies: [–] ohlaph@lemmy.world 2 points 2 years ago (1 child) It's still free money. Between maxing that ans espp, I basically got a free $16k last year. permalink fedilink source parent hideshow 2 child comments replies: [–] RagingRobot@lemmy.world 2 points 2 years ago (1 child) Yeah it's free money but it's not as much as what grandfather would have gotten in his pension permalink fedilink source parent hideshow 2 child comments replies: [–] ohlaph@lemmy.world 1 point 2 years ago Spot on. permalink fedilink source parent [+] Patches@sh.itjust.works 1 point 2 years ago [deleted] permalink fedilink source parent
[–] Nollij@sopuli.xyz 39 points 2 years ago (2 children) I've never seen a place that matches as much as a new job would pay. permalink fedilink source parent hideshow 4 child comments replies: [–] Pulptastic@midwest.social 12 points 2 years ago I had one job where the company gave annual 401k lump sums based on profit. Some of those deposits were upwards of $20k. No company before or since has boosted my 401k so much. permalink fedilink source parent [–] bus_factor@lemmy.world 2 points 2 years ago If the new company also matches, it'll probably make you more money than staying, because the max match is reset. If you really game it you might max out the match for both companies in the same year. permalink fedilink source parent
[–] Pulptastic@midwest.social 12 points 2 years ago I had one job where the company gave annual 401k lump sums based on profit. Some of those deposits were upwards of $20k. No company before or since has boosted my 401k so much. permalink fedilink source parent
[–] bus_factor@lemmy.world 2 points 2 years ago If the new company also matches, it'll probably make you more money than staying, because the max match is reset. If you really game it you might max out the match for both companies in the same year. permalink fedilink source parent
[–] foggy@lemmy.world 17 points 2 years ago (1 child) Often times the 'match' isn't matched fully until you've been an employee for x years. Ask your HR department about their vesting schedule! 🤓 permalink fedilink source parent hideshow 2 child comments replies: [–] chiliedogg@lemmy.world 17 points 2 years ago Well.... yeah. That's how they use benefits to encourage loyalty. When I hit 5 years, I vest and my employer begins double-matching, including retroactive contributions. I put in 7%, so in another 2 trays they'll put 70% of my annual salary into my retirement all at once. It heavily encourages loyalty because it's genuinely a great benefit. I have no problem with that. I work for money, and the reward for loyalty is more money. Beats the hell out of a pizza party. permalink fedilink source parent
[–] chiliedogg@lemmy.world 17 points 2 years ago Well.... yeah. That's how they use benefits to encourage loyalty. When I hit 5 years, I vest and my employer begins double-matching, including retroactive contributions. I put in 7%, so in another 2 trays they'll put 70% of my annual salary into my retirement all at once. It heavily encourages loyalty because it's genuinely a great benefit. I have no problem with that. I work for money, and the reward for loyalty is more money. Beats the hell out of a pizza party. permalink fedilink source parent
[–] RagingRobot@lemmy.world 2 points 2 years ago (1 child) It's only up to 6% though. permalink fedilink source parent hideshow 2 child comments replies: [–] ohlaph@lemmy.world 2 points 2 years ago (1 child) It's still free money. Between maxing that ans espp, I basically got a free $16k last year. permalink fedilink source parent hideshow 2 child comments replies: [–] RagingRobot@lemmy.world 2 points 2 years ago (1 child) Yeah it's free money but it's not as much as what grandfather would have gotten in his pension permalink fedilink source parent hideshow 2 child comments replies: [–] ohlaph@lemmy.world 1 point 2 years ago Spot on. permalink fedilink source parent
[–] ohlaph@lemmy.world 2 points 2 years ago (1 child) It's still free money. Between maxing that ans espp, I basically got a free $16k last year. permalink fedilink source parent hideshow 2 child comments replies: [–] RagingRobot@lemmy.world 2 points 2 years ago (1 child) Yeah it's free money but it's not as much as what grandfather would have gotten in his pension permalink fedilink source parent hideshow 2 child comments replies: [–] ohlaph@lemmy.world 1 point 2 years ago Spot on. permalink fedilink source parent
[–] RagingRobot@lemmy.world 2 points 2 years ago (1 child) Yeah it's free money but it's not as much as what grandfather would have gotten in his pension permalink fedilink source parent hideshow 2 child comments replies: [–] ohlaph@lemmy.world 1 point 2 years ago Spot on. permalink fedilink source parent