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People who make twice my salary are pretty competent. The people who make 10-100 times more however....
I didn't know about that. At my company, the head of HR (3.5x average salary) recently told everyone, "If you want a higher salary, go work at [rival company]." This was onstage in front of ~150 people.
Probably needed to downsize without the confrontation or unemployment or severance.
It's true though. Your salary range is determined at the initial negotiations. After that, your salary will only rise with a few percentages. For a real raise, its best to have a new initial negotiation (and shoot for the stars), wheter at a new company, a new department or a new function.
This becomes truer with each passing day, and is a big factor as to why young people job hop so often - if their talents aren’t being adequately remunerated the only redress they have is to find a better job with better pay. It seems strange to me that experience within a company and your tenure of service are no longer being rewarded, but perhaps that’s just another expression of how commodified our labour has become.
We must work at the same org, we got that recently too
Almost like there's some sort of caste system...