This is something I'm going to have to deal with soon. I'm not looking forward to it, but I know that I'm getting significantly underpaid compared to new hires. I'm also better than those new hires.
I'll probably leave and find a new job if it comes down to it, but I'd really rather not. That said, if I do leave, there's nothing they can do to bring me back: Saying "oh, you're leaving? here's an extra 50k to make you stay" tells me that they think I was worth the new number in the first place. A place trying to get away with underpaying until their hand is forced is not a place I want to work.
I'll probably leave and find a new job if it comes down to it, but I'd really rather not. That said, if I do leave, there's nothing they can do to bring me back: Saying "oh, you're leaving? here's an extra 50k to make you stay" tells me that they think I was worth the new number in the first place. A place trying to get away with underpaying until their hand is forced is not a place I want to work.