Comment Re:Rely on the counterfactual. (Score 2) 211
...or would have moved to another job elsewhere that offered an equivalent to a promotion
This is what I see happening in the industry that I am. We compete with the larger consulting firms (KPMG, Deloitte, etc.) and more often than not, people are changing jobs every 2-4 years. For people who have been in the industry long enough, they often times end up going back to a firm that they might have worked at previously.
I do not really understand it because it is counter to my own career progression during which I have spent at least 5 years with each employer and received steady promotions and increased responsibilities. The only thing that I can figure is that those big firms are always hiring the "best and the brightest", overachieving, Type-A personalities. If a person is not getting promoted, they have to constant deal with an influx of new, eager to be overworked, dreamy eyed college grads who will do the same work, for less pay.