Comment by neumann

This is definitely something to be aware of - especially with larger companies that aren't growing fast and this culture begins to be baked in. You see so many colleagues going the extra mile past their role requirements to earn that rare promotion, essentially jockeying to be in the running. All hands are about 'calling out' great performers and thanking them. Thank them by paying them more please.

As soon as they get the promotion, the work piles on even more, and they won't be given the amount they would if they switched companies.