Calling these "reasons" is a farce. "Salary raises are capped every year, and hiring budgets > budgets for raises"? "HR teams don’t realize the long-term implic

Calling these "reasons" is a farce. "Salary raises are capped every year, and hiring budgets > budgets for raises"? "HR teams don’t realize the long-term implications of paying new employees more than tenured employees"? "Employers overvalue experience collected elsewhere"? That's not a reason — that's gross incompetence. An experienced (i.e., retained) employee is one who knows the codebase, the in-and-outs of the process, where things are, what tools do what, and what people are responsible for what. That's — at minimum — 6 months of knowledge and "training"¹ that the new hire lacks, and will require 6 months to spin up on. The real insightful stuff — deep expertise, real ideas about systemic improvements? That's another 6 months, if not a year. To let that slip away and unnecessarily need to replace it is a 6-figure error, each time it occurs. Reason 5 is where we start being intellectually honest with ourselves: "Retaining employees is a problem very few want to solve because of inertia" … tough cookies? This is literally the job of management, and that it's become so acceptable in the corporate world for management to just abdicate it is infuriating. Yet ICs are supposed to Get Stuff Done, but that's real hard to do when products are ghost-towns because the people who built it have just moved on, because they couldn't get a raise. Why does management think they can build literally anything while effectively firing via attrition their best people? This has personally been the hardest part of attempting to build a career. Bloomberg doesn't get it. My father's generation got rewarded for the work they put into a job. I should ask him sometime what he thinks a "decent", nominal %'age for a raise is. But I have no doubt that he thinks it is a positive number, whereas employers appear to have different ideas. ¹in quotes because I've seen exactly 2 companies do this sort of training; the rest it was "you just try to make do on your own". One no longer does the training, and IMO, is suffering because of it, and one is a FAANG.