I think this is actually pretty unusual. My experience with current and past jobs is that I'm given raises without asking. There should also be some sort of c

I think this is actually pretty unusual. My experience with current and past jobs is that I'm given raises without asking. There should also be some sort of career track on offer at most places; getting to the next level usually comes with a compensation increase. The ruthless capitalist suggests that you should interview at other places on a regular basis, to kind of get another "bid" on your skills. Over a decade ago I worked at an investment bank and this was pretty much the only way to get raises. Entire teams would leave one bank, do the same project at another, then come back a few years later. You'd probably get a pretty big raise with each hop, as well. This is not for everyone, though. It's time consuming and probably annoying for the people interviewing you if you don't actually choose to jump. My suggestion is to speak with your manager; the value of the dollar has fallen by almost 20% over the last few years. Has the value of your work fallen by the same amount? If not, your compensation should be adjusted.