(In terms of pay, insurance, work-life balance...)
While everyone who leaves is bragging about their new job, I've started to despair because I haven't managed to get any better offers.
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It also depends upon your job skills. Are you in a niche field, or are your skills in higher demand.
I got out of software engineering for 4 years when I was @ Fiserv, and only did implementation of software. I was really worried if I was not hirable in my original skillset, but luckily the new company took a chance on that. It's worked out well for almost three years now.
I was an implementation engineer for one of FIserv's biggest products.
I routinely told my manager that I was underpaid by 10-15k. But it was mainly my fault because I took the job so I wouldn't have to commute 15 hours a week.
Laying me off during Covid was the best thing that could have happened to me.
25% pay bump and a company that actually cares about its' employees.
20k over what fiserv was offering just from base salary, +50k in terms of annual bonuses. Did lose out on some food and snacks since I'm fully remote, but at least HR won't yell at me for coming in for only 3 days in the week because my car won't start.
I took a job in a similar role - definitely a higher workload than what I had at Fiserv but more support than I was given at Fiserv for sure.
I doubled my salary and now make over $100k outside of Fiserv. Free insurance, more PTO, 401k 6% match, 4 day workweeks in the summer, FULL remote... ya leaving Fiserv was the best decision I ever made.
No, we aren't mostly exaggerating. Fiserv pays under market, doesn't value talent, and is a terrible company overall lol.
Here’s some inside scoop. FB does not allow us to use outside market data as a reference for setting compensation. The internal “price” for most jobs is a blend of 85% internal comparisons and 15% external (market) comparisons. His assumption is this keeps pay internally equitable but it’s not in line with market. They also pick a low position relative to market meaning they pay below median for most jobs.
Was making just north of $100k as a senior software engineer at Fiserv. Left for somewhere better and now making $150k, with less stress too.
100%+ Better insurance, 401k match, HSA matches, +additional retirement benefits, employee focussed work culture, quality work/life balance,. Hybrid/remote options. I chose hybrid with 2 days at work. All in all the move was the best decision I made.
25% raise, full remote, increased title (director), better insurance. But most importantly, a normal workload. Not doing the job of 3-4 people while being underpaid and under-appreciated.
New company also has a culture that isn't completely toxic. So basically, better in every conceivable way.
Salary went from 110k to 200k+. Fully remote, no Spyware as far as I know.
20% salary increase, annual bonuses, profit sharing… insurance is comparable, as is PTO.
New company is not run by stupid as-----s, so…
Sales role: 15% salary increase. Higher OTE, with more realistic sales goals (last year FISV doubled my quota, cut my commission rate, and took products away for me to sell). 50% less in health insurance premiums with better options. Much better work/life balance. I’m actually a sales person again…not a fire fighter lying to clients on the true state of FISV’s product, implementation, support and management issues.
I got a 15% increase plus an annual bonus at my new job, which I didn't have at Fiserv. Insurance is comparable. I would've taken a pay cut for the peace of mind I now have. My work load is less then half of what it was at Fiserv.
Your experience is the truth...those who claim more are mostly exaggerating.
A pay cut would be a raise not to have to endure putting up with fRANK and his cr-p
Fiserv role - 120k
New company - 250k
I took an offer that was $30k above what I was making. Insurance cost is one third what FSV gouged.
@OP+1kqv5pDo The easier question would be what salary range are you looking for? NY and other states are now required to disclose this info, might be easier to start within those states.
I agree with this post. I’ve had interviews and offers, but they were far lower than expected. Anyone recommend good companies for software developers? Actively hiring? Thanks!