Those starting IBM straight out of school then sticking around for 10 years vs. people coming into IBM with 10 years of experience are two separate worlds.
For example: if you started IBM 10 years ago with an undergrad, you might have been offered $55k where I live.
Then over time, you might get 2 promotions and economical raises from software engineer -> staff software engineer -> advisory software engineer. You might work yourself up to $100k. However, they would motivate new grads with ivy league degrees with 100k offers. It made me physically ill at one point working in hiring and watching coworkers get turned down for minor requests for raises to amounts lower than what these fresh faces are getting before negotiations start.
If you want to hire someone with 10 years of outside experience, those people would command at least $150 - $175k, but IBM could get 3 college grades for the price of 2 experienced hires.
Thats what I mean about college grads getting paid more than more senior employees, while college grads are cheaper than experienced hires.
Those who worked at IBM for 20 years have less motivation to keep up with current trends and tend to focus on proprietary offerings they work on. As a result, college grads are better economical value since they come 'pretrained' with the new stuff. This is my theory why older people are first to go, especially in the short product cycles IBM tend to have.
A previous co-worker who still works at IBM has been there about 20 years and he pulls $140k... I have 6 years out of college so far and pull $150k + $15k bonus + 10% yearly RSUs at a listed public business down the road. Thats not an abnormal salary)
Going throwaway since usual username is my full name...
Honestly I’m glad this lawsuit is happening. I used to work at IBM and left a few years later. During that time, they killed the pension program, modified separation packages that significantly affected tenured employees, and we almost exclusively hired college grads. Our budget for experienced hires was so low that it made it impossible to get any takers. I witness very well qualified folks be let go for no reason. I’ve witnessed college grads getting paid much much more than senior employee.
There were jokes of calling certain employees “dinasaurs” since they were put on terrible jobs in hopes to make them quit, but they would stay strong doing something they hate to get their pension. I’m talking about full time support positions on software that has had no development in 10+ years.
I think a lot of this has to do with cost. Old people cost more money. Young people are gullible and willing to take a 60k entry level with no bonus. I think age discrimination is a result of shady budgets. They need a spanking by the government and I’m glad this person of such seniority cane forward. I 10000% believe the statement.
Those starting IBM straight out of school then sticking around for 10 years vs. people coming into IBM with 10 years of experience are two separate worlds.
For example: if you started IBM 10 years ago with an undergrad, you might have been offered $55k where I live.
Then over time, you might get 2 promotions and economical raises from software engineer -> staff software engineer -> advisory software engineer. You might work yourself up to $100k. However, they would motivate new grads with ivy league degrees with 100k offers. It made me physically ill at one point working in hiring and watching coworkers get turned down for minor requests for raises to amounts lower than what these fresh faces are getting before negotiations start.
If you want to hire someone with 10 years of outside experience, those people would command at least $150 - $175k, but IBM could get 3 college grades for the price of 2 experienced hires.
Thats what I mean about college grads getting paid more than more senior employees, while college grads are cheaper than experienced hires.
Those who worked at IBM for 20 years have less motivation to keep up with current trends and tend to focus on proprietary offerings they work on. As a result, college grads are better economical value since they come 'pretrained' with the new stuff. This is my theory why older people are first to go, especially in the short product cycles IBM tend to have.
A previous co-worker who still works at IBM has been there about 20 years and he pulls $140k... I have 6 years out of college so far and pull $150k + $15k bonus + 10% yearly RSUs at a listed public business down the road. Thats not an abnormal salary)