> newly hired person with 10 yrs experience finding out they earn 30% less than someone with 3 years experience, just because of the timing of when they were hired.
That's the problem with how pay scales, job titles and performance evaluation are setup. If there are no standard way to set this for everyone then this will bound to just happen again and be a recurring pain.
Unfortunately the only obvious solution I can think of is to have salaries that can go up and down like the stock market, so that employees are always paid market rates.
But of course that won’t fly at any company. Every employee expects annual pay increases no matter what.
And these increases are based on what? His improved speed of work, or improved quality of work, or better company culture, or just the time that has been passed?
That's the problem with how pay scales, job titles and performance evaluation are setup. If there are no standard way to set this for everyone then this will bound to just happen again and be a recurring pain.