I'm not expecting to match my current salary exactly, but every offer I get is so far below what I make now that I have to immediately dismiss it. The job market is simply atrocious right now.
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I was RIFd in the great purge a couple years ago. Believe me when it say US corporations have become completely psychotic and transactional, not just NKE. If you land another job, it will be for 5 years max. Pensions are done. Loyalty and tenure are Atari-age concepts now, and it's all here to stay.
I'm taking about a 35k paycut. It hurts but severance, PTO payout and bonus makes up for the drop for the next 2.5 years so that's okay. IMO, the best time to look for a job is when you have a job. Good luck!
What’s interesting for my position they claim it’s above market rate all the time but I took a 10k pay cut to be here. I’m scared of looking!
Its not because Nike pays...it was because of the pandemic bo-m and great resignation stuff... lot of companies hired dummy people at exorbitant salaries thats the reason.
Nike essentially pays the Bay Area salary for certain roles because no one wants to live in or move to Portland unless they grew up there. This is the only way to attract talent. Therefore, when you compare salaries in the market, you’ll often find them to be the same or even lower for lateral roles in San Francisco, Los Angeles, and New York, despite the higher cost of living. This means you’ll end up making even less.
The lower numbers you see are essentially the actual market rates. Nike has simply always paid above them. It might seem like a shock at first, but that’s the reality. You might need to consider a lower salary in a place with a lower cost of living, which would be more equitable to a higher salary and higher cost of living in Portland. Places like North Carolina, Georgia, Texas, and Florida are all good options.