5% raises are insulting when a company bemoans the hardships of not being able to retain talent.
I get stagnating in pay raises after 2-3 years and receiving decent increases up to that point, but how can a company complain about retaining talent when they don't offer anything past the 5% in the first place?
It just seems strange to me that companies want the option to fire off employees at will, but also hate seeing employees take advantage of that ('job hop').
Maybe a 2 year contract with built in raise structure (assuming improvement based on pre-defined metrics) would be a better solution than at will employment.
Whatever the solution may be, it doesn't seem like many people are satisfied with the current system. Especially from a hiring management perspective.
I get stagnating in pay raises after 2-3 years and receiving decent increases up to that point, but how can a company complain about retaining talent when they don't offer anything past the 5% in the first place?
It just seems strange to me that companies want the option to fire off employees at will, but also hate seeing employees take advantage of that ('job hop').
Maybe a 2 year contract with built in raise structure (assuming improvement based on pre-defined metrics) would be a better solution than at will employment.
Whatever the solution may be, it doesn't seem like many people are satisfied with the current system. Especially from a hiring management perspective.