Is salary compression the norm now? I feel like loyalty is dead. We just hired someone with hardly any experience at my exact salary level. I've worked for the same company for 3 years and know the books inside and out, but the market rate is outpacing my raises. Should I even request a raise, or is quitting and getting a job somewhere else as a new hire the only way to get an actual raise?

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Loyalty from the company has been dead for years. It's been the norm for employees, (at least for the younger people in the workforce) to change companies every few years, to avoid salary compression and to gain experiences they won't be able to gain by staying in one place for 10+ years.

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Unfortunately that’s true

Jump

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Agree

Feels like the norm is just jumping around. I’ve asked around and everyone says the same thing

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Yea

You can look for a job somewhere else, but know you’ll run into the same situation in a few years. Make job hops worth it when it comes time.

Job hoping is the norm

You said same salary level are they the same position? If so then I would ask you are you overqualified for the role and is there a reason you haven’t been promoted? If the new hire is the same level it makes sense that their salary would be close to yours and while you have more experience with the company the expectation would be that after training that would get to where you are.

And compression is normally when someone below you in title is making more then you. So if you were a senior making 80 and they hired a staff making 90 that’s compression. Years of experience really don’t matter and aside from a normal COL adjustment it normally translates into a higher salary because of promotions and increases responsibly.

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