‘I was denied a raise, so I quit’: Boss denies IT employee 5-10% raise, employee quits, leading to boss paying 40% extra for replacement

For some unfathomable reason, companies have a larger hiring budget than retention budget. They're willing to pay more money to hire a new employee, than they would be willing to pay as a raise for an existing employee. OP was working as a junior at an IT job for a company. During OP's yearly evaluation, they asked their boss for a 5-10% raise, which was completely fair, as they had taken on many responsibilities since the beginning of their employment. OP's boss refused, giving a bunch of reasons that for the most part, made no sense. So, feeling dissatisfied, OP began looking for another job. It wasn't long before OP got two interviews lined up, one of which was offering an increase in salary amounting to a third of their pay.

Of course, management panicked when they found out, offering OP the original amount they'd asked for, but in order to match OP's new pay, they would need to give them way more than that… 30% more, in fact. Scroll down to read what happened next. For more stories like this, here is an employee who cost the company hundreds of thousands of dollars after they quit, due to a series of projects being canceled, with no one to take their place.

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