I landed a new job last month and realized how severely I was underpaid by Seagate. I'm not sure if this was just me but it didn't feel good to realize I should have been making much more for the past six years. Has anybody else who left had a similar experience?
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Losers.
Go mop the floor now...
I'd believe it. Seagate clearly wants to drive people people out of some function, like IT. You move from an area where they want to drive down numbers to one where they value it more and you can see an increase.
We got good raises in IT when they were prioritizing the data warehouse. They hired Ravi and raises pretty well dried up. His mission was to severely cut back US IT by direct cut-backs and driving them away.
Just because I share my story I get shouted down as a PR stunt from HR? Folks here are beyond helpless. So much for try to spread some hope.
I mean what do you want me to say? Yeah... Seagate s—s? Or so glad I’m getting your raise $?
Look, I’m just telling you what’s happened to me. Take it or leave, I don’t care. The environment here just shows the other half of the problem with Seagate.
Nice try, HR. Another made up story trying to change the narrative of a company paying below market to survive the last many years of decline at the expense of employees being paid way below market with meager (less than 1%) raises if any while the executives get double digit raises.
A lot of it depends on the group you’re a part of. My first three years at Seagate I got squat. Switched groups and got a 13% raise w/o promotion because my comp ratio was so low. Got promoted and a 10% raise the following year and got a 3-4% raise every year and likely will get a promotion next summer.
The new job after seagate expects you to achieve kpi. Unfortunately, paying competitively at seagate does not justify ones’ deliverables.
same experience here.. got 25% increment on leaving.
I got let go in 2019. I managed a 6% increase when I got my new position 2 months later. That would have taken me 4-5 years to get a 6% increase if I would have stayed. My last raise was 1.8% at Seagate. Prior to that I got 0.5% to 0.8% the previous 5 odd years.
If you are young and ready to go, leave. Over the years, all my big pay raises were done by taking a new job. You will find the older guys are just waiting to retire. Seagate does not care about this and the only people they take care of are the upper management teams.
Low compa ratio means you are underpaid to market, which is only remedied at stx by leaving and joining another company. Only hr would say you got promoted too fast and that is the reason. Stx can pay people at market but cheaper labor until you get sick of it and leave is actually the strategy. Saves severance too.
I was at 0.8 and got tiny 1 percent raises and never made progress on the ratio. I left, got an instant raise of 15% and promoted since then. Stx is not the place for the ambitious.
Op: What was your position (roughly)?
Having a low comp ratio is generally good. It means you've been promoted faster than your salary has increased. Having a high comp ratio generally means you've maxed out your ability to be promoted.
Seagate knows you're underpaid, too. It's highlighted in your comp ratio, which they like to keep between 0.8 and 0.9 (paying you 80-90% of what others in the same pay grade make) whenever possible.