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right but thinking for instance. would it make sense to leave to facebook just for the comp bump at l4 even if you really like your job at google? just because being a new hire would give you more comp?

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I think this is where big companies get comp wrong. They should incentivize staying because after 4 yrs, you're right, there is a big comp fall. For me personally, I am happy with my work, comp, team and manager. That happiness > my willingness to practice for interviews again :)

yes, that's a really good way to grow your comp. You have actual leverage when joining a new company that you can use to negotiate.

Obviously you can't really do it too often but whenever you do, your earning potential can be increased by quite a bit.

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