For longtime workers at the same company, this is a reality. Years of three percent raises will put you below your market value. Your employer will not be able to replace you without paying somebody else a much higher salary.
“For longtime workers at the same company, this is a reality. Years of three percent raises will put you below your market value.”
The applicable business term is wage compression.
But they will never raise you to market rates. It is stupid management.
You never understand the value of a functional, let alone great, employee until you have to replace one.
I always made compensation right for good people and gave them all the right and good tools and training they needed to do their jobs very well. That was my full expectation. You had better be sick if you failed to perform because I’d be looking for your replacement otherwise. I would not long tolerate excuses or complaints after having met all terms of my work agreement.
You take the job, you do the job as agreed and asked.
“For longtime workers at the same company, this is a reality. Years of three percent raises will put you below your market value. Your employer will not be able to replace you without paying somebody else a much higher salary.”
_____
I worked at the same place for twenty years. After six years and 3 to 5 percent yearly raises, I discovered the job announcement to replace someone who had retired (same title and equal to my position) was at $8,000 more per year than my salary. I knew I was probably going to be one of the current employees to assist with her training. I was not happy and insisted on a raise to put me more in line with that pay. First though, I applied at another similar job elsewhere and had a job offer in hand before I went to HR.
It’s the equivalent for customers. New customers always get the discounted rate. Established customer, they tell just pay up and stop whining.
There appears to be even more to it than that. How many years experience does she have? It sounds like not actually the same job.
And she is currently a contractor, and the job is a permanent one.
And she goes on and on about DIE stuff - sounding like she feels entitled to it because of her status.