I’ve only seen tenure rewarded by below-market compensation.
Except for one case where a lowly guy eventually became the vice president because he out lasted (in lean times) everyone who was promoted ahead.
Except for one case where a lowly guy eventually became the vice president because he out lasted (in lean times) everyone who was promoted ahead.
It absolutely does happen. But I have also seen people rise through the ranks by just being there long enough and being competent. That said, it is not a way to maximize wage growth or general career progress by any stretch.