Not surprising. Many companies brag about record profits but won't give raises that match or exceed inflation. Only way to get a proper raise is to change jobs.
this post was submitted on 20 Jun 2023
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True and I have seen it practice in my own career and in the careers of my peers. You have to "quit your way to the top."
Study after study shows job-hopping is the optimal strategy to maximize salary. It's a shame the companies themselves don't see benefit in incentivizing loyalty.
Especially, after it has been proven to be more cost effective for companies to retain employees than continually hiring new employees.
inb4 "Nobody wants to work"
So many companies doing backdoor layoffs by:
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Make remote work policy really favorable and prominently advertised
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Allow employees to get comfortable - many move further from office locations to save money
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Suddenly require in-person work, even for people for whom the commute is now unreasonable