* I don't feel valued and respected as an employee with money/title included.
* Micro-promotions appear to be utilized to help limit growth of over-performers due to title inflation of already promoted under-performers. It's one thing to inflate one's importance and value wanting a promotion, it's another to see it rampant across multiple orgs.
* You must threaten to leave or leave then return to increase salary to market standards. Even with multiple promotions, cost of living out-paces promotion salary increases. I've been told "it sounds just like when I worked there many years ago."
* Lower bar on competency resulting in drowning out the all-stars. Unfortunately that results in all-stars leaving or losing passion/drive.