Yeah I’m not at all convinced this is the explanation. I just started at a company in Australia where their office isn’t even legally allowed to open yet and they have still seen a bunch of people leave.
My hot take is that it’s a few factors.
* pent up demand from last year with people not moving out of fear but now feeling certain of the future
* remote work opening up a larger selection of companies to work at.
* tech companies having record profits and all wanting to expand at the same time.
And I feel like #3 is the most important one. They all want mid-senior developers but every other company wants them too so they go in to a bidding war and their wallets are stuffed right now so the bids are huge.
This will probably continue until a new wave of developers reaches senior level but by then the market may have failed to predict tech companies growing at an even faster rate than they are now.
This. The amount of trouble one has to go through to break the % cap on internal raises isnt worth it.
Especially when you have recruiters lining out the door for your applications to companies who won't quibble about salary expectations.
Switching jobs has now become the path of least resistance to get what you want.
Maybe it's because of all the recent success stories? People are emboldened to take the leap.
Maybe it's because if you're remote working, you're somewhat distanced from the people you're moving away from anyway, it's less uncomfortable than hanging around the office for 3 weeks before you split.
My hot take is that it’s a few factors.
* pent up demand from last year with people not moving out of fear but now feeling certain of the future
* remote work opening up a larger selection of companies to work at.
* tech companies having record profits and all wanting to expand at the same time.
And I feel like #3 is the most important one. They all want mid-senior developers but every other company wants them too so they go in to a bidding war and their wallets are stuffed right now so the bids are huge.
This will probably continue until a new wave of developers reaches senior level but by then the market may have failed to predict tech companies growing at an even faster rate than they are now.