If you have a HRBP to go to, I'd suggest going to them with your concerns. Different corps have different setups, but often a fixed pool across teams and stayi

If you have a HRBP to go to, I'd suggest going to them with your concerns. Different corps have different setups, but often a fixed pool across teams and staying relevant (+/- X%) to market across teams is often a common thread. Could you speak with your senior management, including HR and your Head, and seek to align your expectations with theirs. Sounds like something you need to sit down with them and voice concerns in a mature way, but don't expect an approval for extra budget. Doing this is prep for the coming assessment and salary adjustment cycle. HN can only do so much and that's often jumping to conclusions or a commentator being blinkered by their own experience only.