original publish date: 30th April, 2012
decades on …
Commentary coming soon.
transcript
FTE #1: Why do we willingly pay market rates for external hires yet cap salary increases for internal promotions?
FTE #4: Because, regardless of circumstance, companies are generally uneasy about significant pay increases.
FTE #3: You get that there's no way of knowing if the external hire is getting the same level of increase. Right?
FTE #4: Yes, thank goodness, or we'd never hire anybody.
FTE #2: Va
Caption: When it comes to salary, big moves up generally start with moving out.