Personally I don’t believe theirs a conspiracy regarding this but just to play devils advocate.
Clearly, the heads of HR and other people who define corporate compensation talk to one another, “hey what are you guys doing to manage pay cuts, reductions in staff, etc in this economy at company x/y/z”.
It’s a pretty obvious benefit of having a strong professional network. I.e you have people you can ask for mentorship and advise. Every startup board was asking companies to belt tighten and reduce costs because of the economy earlier this year and last year.
A relatively small number of companies and startups in tech define top of market for compensation. Clearly the people at those companies know one another and talk about what they are doing.
Clearly, the heads of HR and other people who define corporate compensation talk to one another, “hey what are you guys doing to manage pay cuts, reductions in staff, etc in this economy at company x/y/z”.
It’s a pretty obvious benefit of having a strong professional network. I.e you have people you can ask for mentorship and advise. Every startup board was asking companies to belt tighten and reduce costs because of the economy earlier this year and last year.
A relatively small number of companies and startups in tech define top of market for compensation. Clearly the people at those companies know one another and talk about what they are doing.