I worked for a mega-corp (not FAANG) and my manager told me that the company did “extensive research” to determine market value for each position’s salary, and

I worked for a mega-corp (not FAANG) and my manager told me that the company did “extensive research” to determine market value for each position’s salary, and that their goal was to then be at 95% of that market value. So annoying that you, allegedly, know what the market value is and then purposely try to undercut it to save a little money. I get that it’s a business and it’s nothing personal, but this company had insane profits and mad growth so they could afford to pay people a bit better.