> How do companies survive with that sort of turn over?
Unsure, but it's a conscious and calculated decision not to pay market rate for current employees.
I don't like it, but it's the case that if you're not moving every couple of years then your wage will deflate compared to peers, and I've never worked anywhere that gave more than a 2% pay increase (and that's with good performance) without a promotion.
And honestly if the whole company was like your manager an argument could be made you still made the right choice. Just wanted to share my experience :)
True. And I do think it taught me a valuable lesson that needed to be learned so I wouldn't say it was a bad thing all together staying longer, just expensive.
I stayed in that role longer than I should have and cost myself a lot of growth and money by not switching jobs every 2 to 3 years like I do now.