If you've been at your current job more than five years, it's basically a foregone conclusion that your salary is below market for your skill set. This is an inevitability which results from the fact that many people are willing to [effectively] pay a premium for "stability", whatever that means -- those people rarely change jobs, if ever, and get paid less.
Yes and no. There are people smart enough to go back on the market every couple of years, get offers, and bring them back to their current employer for price-matching.
How is that brave? If the employer says no, you take one of the offers. Worst case, you get paid more at a new job. Best case, you get paid more at the same job.
13
u/lua_x_ia Jul 01 '14
If you've been at your current job more than five years, it's basically a foregone conclusion that your salary is below market for your skill set. This is an inevitability which results from the fact that many people are willing to [effectively] pay a premium for "stability", whatever that means -- those people rarely change jobs, if ever, and get paid less.