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I found I was being 12% less than my peers. My boss said yes I'll get you a pay rise to match. 6 months later, nothing had happened. It then took me 3 weeks to

I found I was being 12% less than my peers. My boss said yes I'll get you a pay rise to match. 6 months later, nothing had happened. It then took me 3 weeks to get another job paying 20% more. When I told my employer I had this offer, all of a sudden the 12% appeared. I said no, too little too late - a few weeks later they said "Name your price" to stay. Simple explanation: they saved money. Of course now they have to recruit, and then the new person needs a lot f time to learn what his company does (it's complicated). Cost is WAY more than that 12%, but it doesn't show up on the balance sheet. So to answer OP's question: because companies don't really value their people.

apacheCamel 8y ago
Sorry to be nosy, but did you end up staying? I feel like being screwed over like that would leave a bad taste in my mouth. Every single topic involving pay from then on would just be awkward in my opinion. I may be a bad example because I have a hard time letting stuff like that go, it was very similar to a reason I left my first job in college.
- odonnellryan 8y ago
  It isn't exactly "screwed over" IMO but it is really poor management.
tenpoundhammer 8y ago
I had the exact same situation. When I left they said how much do we have to pay to get you to stay. I literally told them that there is no amount I don't want to work for a company that won't pay me what they think I'm worth. The next job I took I got a 25% pay increase, and the job after that I got another 30% pay increase. At my current company I've gotten a bigger raise every year than I ever would have asked for and occasional bonuses.
- hopler 8y ago
  Your 2nd company didn't pay you what you are worth so clearly you so choose to work for companies like that.
  - jobigoud 8y ago
    To his defense he wrote he woulldn't work for companies not paying what they thought he was worth, not what he was worth or what he was thinking he was worth. Basically companies that try to take advantage of him by paying less that what they know they should and could.
  - tenpoundhammer 8y ago
    The second company in this anecdote folded my entire division after I had been working there a year. I had no idea I could get another 30% increase, it was a happy accident. And maybe before this job I couldn’t have got that pay increase.

apacheCamel 8y ago

Sorry to be nosy, but did you end up staying? I feel like being screwed over like that would leave a bad taste in my mouth. Every single topic involving pay from then on would just be awkward in my opinion. I may be a bad example because I have a hard time letting stuff like that go, it was very similar to a reason I left my first job in college.

odonnellryan 8y ago
It isn't exactly "screwed over" IMO but it is really poor management.

tenpoundhammer 8y ago

I had the exact same situation. When I left they said how much do we have to pay to get you to stay. I literally told them that there is no amount I don't want to work for a company that won't pay me what they think I'm worth. The next job I took I got a 25% pay increase, and the job after that I got another 30% pay increase. At my current company I've gotten a bigger raise every year than I ever would have asked for and occasional bonuses.

hopler 8y ago
Your 2nd company didn't pay you what you are worth so clearly you so choose to work for companies like that.
- jobigoud 8y ago
  To his defense he wrote he woulldn't work for companies not paying what they thought he was worth, not what he was worth or what he was thinking he was worth. Basically companies that try to take advantage of him by paying less that what they know they should and could.
- tenpoundhammer 8y ago
  The second company in this anecdote folded my entire division after I had been working there a year. I had no idea I could get another 30% increase, it was a happy accident. And maybe before this job I couldn’t have got that pay increase.