Still happening. Especially people working in IT in banks are getting almost nothing in bonus and no pay increase for many years. The number of jobs is significantly reduced also.
Ever since I've started working in IT, the rule has always been if you want a pay raise or a promotion, you go to a different company. Out of the four companies I've worked for in three different Midwest states, I've never worked at a place where the highest raise of anyone on my team has ever exceeded 1.5% per year. 2-3 years then get out and get your raise somewhere else.
I wonder if there's a correlation between the higher turnover of motivated professionals and the rate at which large companies get hit with security breaches. The people who are most able to move employment are the ones who often are the most competent. Even setting that aside, it takes time, familiarity with company systems, as well as competence - and security is unforgiving.
That may be, but in Charlotte at least, IT jobs at the banks tend to be on the high end of our local salary range.
If you dont mind me asking, whats the software dev salary range in charlotte?
Depends on Skillsets but it's not horrible. It's actually pretty consistent in Charleston, SC. as well. I know many devs over 100k in each field, It's not SF pay, but the cost of living is also not SF prices.