A friend works at a major tech company, earning an annual salary of 1.1 million designing chips. A small or midsize chip company tried to recruit her, offering 50% more pay.
Her colleagues advised her not to go. High salaries offered to poach people often come with a pay cut once they’ve served their purpose. During the electric vehicle boom, people were poached from major companies’ automotive teams. Once the teams were set up, their annual salaries were slashed from several million to 600,000, and it was nearly impossible to get back into a major company. She hasn’t left and is staying at her current company.

My take: The extra 50% offered to poach you often only pays for those two years of building a team—it doesn’t reflect your long-term market value.
Before changing jobs, ask yourself: Without the team I build, is this company still worth what it’s paying me?
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