Do you expect interest rates going down to raise new salaries?

In the job hunt currently. Mid stage at 2 companies, one I hadnt heard of but I really like their product. They offered just a little more than I make now but I find it fascinating. Job #2 is a giant we all know that I dont particularly want to work for but they're blue chip enough that Im not going to ignore their call. Currently im in step 3/4 there. That one offers about 15k base more and 30k OTE more than im set to make this year.

But the fed just decreased rates, and just this morning Ive had a couple recruiters reach out. Do you think were about to hit a new era of inflated salaries to the point where it might be advantageous to sit another 3-4 months for that fed cut to make a real impact?

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Justatitle

Big Shot

Account Executive

no. If anything, companies have a better reason not to raise salaries because Inflation will have cooled off. In modern American history the only big impact on salaries has been raising the corporate tax rate(not advocating for this) but when companies are taxed at a higher rate they have a reason to pay out bonuses and all because it lowers their tax bill.

Filth

Tycoon

Live Filthy or Die Clean

I have never thought of that but very glad I read your comment. I'll advocate for it if you won't :D

Justatitle

Big Shot

Account Executive

The problem is, that the corporate tax rate goes up and companies leave the USA for countries with less taxes. One example of a company moving is Citadel leaving Chicago for Florida. Ken Griffin cited employees being threatened but everyone knows it was to lower their taxes because Chicago/Illinois has high taxes on corporations. I know it isn't leaving the USA in this case but do we want to run that risk?

jefe

Arsonist

🍁

I don't think it'll make a significant impact to salaries, if it makes any.

unclespacejam

Politicker

ur dad’s brother

Especially in Canada lmao

Sunbunny31

Arsonist

Sr Sales Executive 🐰

Supply and demand changes the salaries. Right now, there’s a pretty good supply, which means salaries won’t be inflated. If you find a great role with a bump that makes sense to make the move, take it and don’t wait. Make that coin now.

medhardwaredr

Politicker

Director of Sales NA

No, lol my goodness no

Kosta_Konfucius

Politicker

ERP Sales

I would say so, but not significant, more money out there now because of the cut

SalesBeast

Politicker

Sales Leader

No. Don’t expect that

Pachacuti

Politicker

They call me Daddy, Sales Daddy

Zero Impact.

TennisandSales

Politicker

Head Of Sales

100% no.
if companies take decreased interest rates to go and make the same mistakes they made in 2022 and overhire and overpay the they are fucking stupid.

most companies get it now, stay profitable, stay lean. dont over hire / over pay.

kennyg

Executive

Sales Development Representative

I have been getting calls finally ever since the Fed dropped rates, and more are expected.....let's hope