>Splitting the difference by not changing the salary at all seems fair, and nicely lines up with the agreement you already have in place. You're not splitting

>Splitting the difference by not changing the salary at all seems fair, and nicely lines up with the agreement you already have in place. You're not splitting the difference if market rates change. If pay is going up for marketable skills, the employee is eating the cost, if pay is going down for marketable skills, the employer is eating the cost. If there's inflation, the employee is eating the cost. General inflation alone needs to be accommodated at bare minimum, otherwise the employee is incurring debt by remaining in place year over year. Most likely by staying somewhere, your skills are also being refined around said employer, so the value of your skills for said employer should be going up. This ignores all the other factors. Businesses created this sort of employment market with high rates and high turnover because it's what they wanted, it's not the labor force that largely want it, they've just adapted to it.