“He worked at the same company for 26 or 27 years. He more than doubled his salary when he left. It made me so sad. I never want anyone to be in the situation my dad was in,” he said. “He gave the loyalty of decades and they didn’t return that loyalty…”
I often refer to this as the “Silicon Valley Raise.” Companies are notorious for only want to give cost of living raises, or slightly more significant raises that are still constrained by bands within your job level.
You want a really big raise? Quit and get a better job at another company. Those will almost always be your biggest jumps in salary (and lifetime earning potential).