I’ve been at the same firm for 7 years and my salary has only increased by 2-3% annually for inflation. Meanwhile, I know for a fact that the people we are hiring from the outside are coming in at 20% higher than my current rate. It’s the classic loyalty tax where the company assumes you’ll never leave, so they don’t bother keeping your pay competitive. I love my team, but I can’t ignore the fact that I’m leaving tens of thousands of dollars on the table every year. Does anyone actually get a market adjustment raise without having a competing offer in hand?

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Posting as :
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It sounds to me like it might be time to look for something else. When companies are not giving you more than 2–3% a year, you usually have to look for an outside offer. I've gotten raises higher than that before, but they are hard to get, and you really have to fight for them.

I would try to look elsewhere. It looks like they aren’t prioritizing you based on how they pay you versus new hires

I’ve never had a market adjustment raise. I have received a raise when I asked for one because I was doing the work of two people (they didn’t backfill the other role). Unless I had a very strong reason for the raise, I’ve not been successful with asking for a market adjustment raise

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