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Just my .02 worth, and EACH situation is unique imo and depends upon several factors. Early in my career (IT), "my value" (and marketablility) absolutely soared compared to the compensation. It wasn't blackmail, but I stated the obvious to my manager and he wholeheartedly agreed. I was absolutely not going to stick around, but he put me on a "special" salary review schedule of every 4 months (then 6) and I stayed on for 4 more years (parting on VERY good terms). I was in the same situation fifteen years later when marketability exceeded compensation by a large %. I left as an AVP (large bank) and increased my salary by 50 percent within a couple of years. I have no regrets playing my hand either on either occasion...
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