Although I don’t officially start work until tomorrow, I am in the office a day early to take care of some urgent matters. My first official order of business is to present a counteroffer to a team member who has just tendered his resignation. He has accepted an offer from some other giant multi-national to do analog design. I like to think that it isn’t an indictment of my management skills, and given the short amount of time I’ve managed the team, it shouldn’t be. Still, it kinds of nags at me at a semi-subconscious level.
The IC design landscape in China is quite like Silicon Valley during the dot-com boom. Job hopping is common and unrealistically high salary expectations are the norm. Of course, what makes it the norm is that giant multi-nationals are willing to pay those sort of raises. In this particular case, we are providing a salary increase of 30% as a counteroffer. Gosh, what engineering job in the Western world can you receive a 30% increase only a short 4 months after one’s last annual raise. Those good’ol days of the late ’90s in the US have indeed passed on by.
It makes me wonder when the bubble here will burst and when will the cost of engineering talent approach the cost of doing business in the West where it no longer becomes a cost advantage to hire in China. Hopefully, I’ll be out of here by then.
What The Flux is a semi-regular feature on EngineeringBlogs.org that follows the follies and jollies of an engineer in industry, yours truly.