Found out Iโm being paid significantly less than the new grad hires.
In general, with rare exception, the only way to get a large raise is to jump jobs. Most companies budget very little for raises, but do budget at market for new hires. Itโs moronic but thatโs the way it is.
With one exception which I negotiated hard for (and they realized theyโdโve had to hire 3-4 people to replace me), the only time Iโve gotten really large raise is going to work somewhere else. By going elsewhere every 3-4 years, Iโve often gotten 30%-80% raises. If Iโd stayed, I wouldโve gotten 3%-5% raises. Loyalty is worth absolutely fucking nothing.
I like where I work now, but if I were to leave I could easily make 20%-40% more. Yes, even in this relatively bad market. Thatโs because I have an unusual combination of skills, certs, and I interview extremely well. Also, I donโt actually need to work. I keep that all in my back pocket at all times if I need it. If I get too frustrated, I go. Youโre lucky to have me, not the other way around.
If that sounds arrogantโฆwell, thatโs why I get paid big $$ and others tend not to (even in my same field). But you have to be able to walk the walk. And I donโt just walk โ I strut.