Where is the problem ?

Companies lowball and keep employees with nearly 10% hike.
Same company will hire a new employee with 40-60% or more hike.

To me it appears like companiss themselves are forcing ppl to switch and not to stay.

Also comment on what do you think will happen in future? Will it be same ever coz I don't see any ends.

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There was a time when loyalty used to be rewarded, now it is penalized. Sad state of affairs!

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Very true

Buddy, they can't give increment of 30-40% to each of their employees. Suppose, you were given 40% hike then your team members will also demand the same and it will not be possible for any organisation.
So, they are happy to let you go and hire a new person. Not everyone leaves, so they are good. You left for more salary, so you're also good.

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Nothing baffling really. A lot of people feel bad that they aren’t getting paid on par with new hires. But very few actually put in the effort to update their resume and start looking.

So the current model is working well for the companies. They just need to pay more to replace the 10%~20% that leave, instead of adjusting everyone’s salary upwards. Financially, it makes sense for the companies to continue the discrimination.

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Don't be emotional just switch every few months

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😂

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15% yoy hike feels like dream 😥

yeah .. double digit hike ho jaye yoy..to most of the people will not look for switching so actively 😥

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It's really a baffling trend

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