# Would You Look for a New Job If You Kept Only Getting 1-2% Raises Annually?
## Preface
As a Senior .NET Developer in the UK earning £51,000 per year, I've found myself at a crossroads that many in the tech industry can relate to. Approximately 18 months ago, my company was acquired by a US parent company, and since then, the landscape of my employment has changed dramatically. The removal of bonuses and a significant reduction in annual raises—from a once healthy 4-6% to a mere 1-2%—has left me contemplating my career trajectory. Despite being labeled a "top performer" and consistently praised for my contributions, my salary growth hasn’t reflected my efforts.
## The Impact of Acquisition on Employee Retention
The corporate acquisition process can often lead to shifts in company culture and compensation structures. In this case, the removal of bonuses—which were once a motivational factor—has left many employees feeling undervalued. This situation is not unique to my experience; it's increasingly common in the tech industry where acquisitions are frequent. The challenge lies in navigating these changes while maintaining job satisfaction and professional growth.
### The Salary Stagnation Dilemma
Historically, my salary rose significantly from £45,000 shortly after leaving university. However, over the past two to three years, despite promotions and consistent performance, my salary growth has come to a grinding halt. This stagnation is troubling, especially when raises barely keep pace with inflation.
It's essential to recognize that while job satisfaction and team dynamics are critical, financial compensation is equally important. At a senior level, the expectation is for salaries to reflect experience and contributions. Therefore, it begs the question: Is this situation typical for senior developers in the UK?
## Market Trends and Senior Developer Salaries
From discussions with peers and industry trends, it seems that many senior developers are facing similar challenges. The market for tech roles can fluctuate significantly based on economic factors, demand for specific skills, and company policies. Although there are still opportunities out there, the current landscape appears to be shifting.
In light of the feedback from various sources, it’s clear that £51,000 is on the lower end of the spectrum, even outside of London. Many argue that if you are a senior engineer, your compensation should reflect that status, often exceeding this figure significantly.
## Should You Stay or Go?
The consensus seems to lean towards seeking new opportunities. If you find yourself in a position where your contributions are not recognized financially, it may be time to explore other options. Even a modest raise of 20% at a new job could be more beneficial than remaining in a stagnant position.
While it's important to be aware of market trends, being proactive in your job search is equally crucial. Regularly exploring job opportunities not only keeps you informed about your worth in the market but also helps you gauge what companies are willing to pay for your skills.
## Exploring New Technologies
As I consider my next steps, I’ve also noticed a shift in demand for different technologies. The interest in 100% remote roles in .NET seems to have decreased, leading me to evaluate whether to diversify my skill set. With experience in React, Angular, Node, and Electron, I’ve always preferred backend development with Azure and APIs. However, given the rise of Python and its relevance to my background in Cyber Security, it may be advantageous to pivot towards this language.
## Conclusion
In conclusion, if you find yourself in a similar situation of stagnating raises and diminishing motivation, it’s crucial to reassess your career path. Looking for new opportunities is not just about salary; it’s about aligning your work with your professional goals and ensuring that your contributions are valued. As the tech landscape evolves, so too should our skills and career strategies.
If you're considering a move or a skill shift, now might be the perfect time to act. Start exploring your options today—your career satisfaction and financial well-being may depend on it.
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