The 'Great Resignation' is creating massive pay disparities between new hires and current employees at tech firms like Google and Amazon, sparking tensions on teams and a ripple effect of departures.
https://www.businessinsider.com/tech-employee-salaries-pay-google-microsoft-amazon-oracle-great-resignation-2022-4
TSMC will pay more because they are desperate. They are hiring outside of the industry and struggling to even do that (from speaking with a desperate recruiter).
In the end I turned down their "best" offer. The TC looked good on paper, but throw in Phoenix metro (negative for my family), COL (housing in north Phoenix) and dependence on HQ I figured there was zero chance I'd be happier there.
BTW, non-fab and in a support org.
Ex L7 mgmt in Technical area
SMTS / L7 : 140-180k
MTS / L6 : 95k - 150k
L5 : 80k-120k
L4 or NCG : 78k - 85k
I am looking and getting offers… other variables are in play but lowest offer is 40k more ….
whoever treats it like a threat is ridiculous
most of us don't show up everyday because we like it, we show up because we get a paycheck. Added bonuses are good colleagues, easy work and so on
there are valid reasons to want to stay, but still demand a higher wage. If the company doesn't agree on the higher wage, maybe it's more worth it to accept the other offer. Having that in hand is just a good idea.
" HR knows most threats to leave are not acted upon. "
GF gave them better offer and they stayed. They are not allowed to discuss the counter offer so you assume they just changed their mind. Didn't you notice they bought a new car.
I left so buck it. Not facilities and cannot speak to their rates but usually on par.
EE/PE NcGs
BS: 72-77k
MS: 80-87
EE/PE With Experience
Range is too great to put lowest I saw was 80k and highest 128k.
Truthfully hit up Samsung TSMC or Intel. You will get a better offer.
Recent rates Hourly
L2- 17.50-21
L3- 24-30
L4- 30-38
L5- 37+
Management
L6- 82-120
L7- 102 + Stock options. Average 7.5k-14k tiered.
@rfb HR knows most threats to leave are not acted upon. Best way to increase earnings is to be willing to call their bluff and actually leave. Spend a year or two with a different company and then see how much GF will throw at you to return.
@iji you've proven that they don't have to give you a raise to make you stay. Have an offer in-hand and then ask for a raise. This has had mixed success. It worked for at least one person I know. Another person left because they didn't match under similar circumstances.
I am an SMTS…. A new hire in my group is only make 8k less then me…..
I know this too. I have been begging for a raise for 2-3 years. Hitting and surpassing all my yearly goals/targets. But nothing. Yet my mgt chain keeps quietly getting promoted etc….. I think they don’t make announcement a because all us little guys keep getting stiffed…. But watch their title in emails etc