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I’d highly recommend looking for new roles within the company! Staying in the same role for 10 years used to be a good thing. Now it limits your earning potential!
You are right! I’ve just recently started to look. It’s time for a change for sure. I think this sealed the deal.
You are probably salary compressed homie.
100 * 1.03^10 < someone who made a bunch of 10% or bigger jumps.
Companies punish loyalty
I feel that this is happening across all industries. The problems are with companies thinking that a 2-3% raise is adequate. This isn’t a slow time in the market, but a scarce time for employees. People are leaving and moving for either professional growth and development, or significant $$ raises.. the grass is not always greener on the other side of the fence. But the money might be enticing enough to try and move. You have to not look at the salary of the person you are training as a negative, but as a potential to where you should be either at your current employer, or elsewhere
Staying at that point just makes you a target based on the cumulative experiences I have read. So I agree with this.
I would conduct some market research to know what my role is worth elsewhere. I'd also check if my company has an HR policy on salary ranges and check how I measure up. Armed with this information, I would then book time with my manager and ask for a formal review/recalibration of my pay. There has never been a better time for employees to negotiate a raise. A mid-year salary refresh is possible at many companies.
If appropriate, anonymize the data point you currently have because your company can make it a nightmare for you or the new hire. And finally, it may be time to move if the company doesn't acknowledge or address your pay discrepancy. All the best!
UHG, I'm aware and agree that it is legal. However, companies are creative in finding ways to make life miserable, and avoiding that may be worth the anonymity.
The other individual could have negotiated or had another offer on the table to use that as negotiation tactic as well. I feel like this is the reasoning some in their 20s are making more than some in their 50s. I know it is the case for a few people I know.
We have a lot of people leaving my company because when they raised new hire salaries they didn’t adjust the salaries of the current employees. It’s not right.
You’ll either accept it or look to move on, as I am looking to do.
I was there for 8 years. If you start and stay for a few years it’s fine.
How did you find that out?
Good for you to ask
Hmmm…do you by chance know what their background is? If they have any similar/relevant industry experience or certifications/degrees?
Other questions that come to mind also before I can really say what I might do about it are how much the difference is (curious if it’s negligible or significant) and when the last time you received a raise is?
Start looking for another position thar will pay you what you’re worth.
Look for another job and then use it to demand a higher salary but maybe look to moving anyways companies that pay new employees more then there experienced employees never say anything good about the company if there just as qualified and one has more experience and is training the new person what sense does that make to make the new person make more money I'd take is as a slap in the face
I'd suggest giving HR a call because there is no way thats acceptable. Companies are in it for profit, time to shop employers unless they can give you GREATER than the new hire!
Time to move on