> If you're always doing this, you're always being underpaid by a full level.
This doesn't actually follow, for a variety of reasons, including that jobs have compensation ranges and in a lot of cases the bottom of one is pretty close to, or even below, the top of the previous one.
One of the big reasons that changing companies was good from a compensation perspective was 4 year initial offers. Upleveled job-switches do happen, but from what I've seen they don't usually happen much faster than internal promotions, and often they happen slower!
This doesn't actually follow, for a variety of reasons, including that jobs have compensation ranges and in a lot of cases the bottom of one is pretty close to, or even below, the top of the previous one.
One of the big reasons that changing companies was good from a compensation perspective was 4 year initial offers. Upleveled job-switches do happen, but from what I've seen they don't usually happen much faster than internal promotions, and often they happen slower!