I worked in PGH on various teams in the same general group for nine years until I quit in January. In that time period my salary increased a little over 20% but if you discount the larger bump they doled out in the third quarter of '21 because of Covid to make our pay rates more "competitive" with other institutions, it's well under 20% and averaged about 1.8% a year.
And it's now evident that as 2022 went on and the cost of living has gone through the roof, that Covid pay increase quickly became unsubstantial.
The real kicker is that the lowball wage is only a part of why I quit. What sealed the deal for me going out the door was some ivory tower manager evidently made the decision that the team I was on that had ten members in 2018 was reduced to six by 2021 and those of us left were required to double our efforts and pick up the slack.
Hmm, let's see... Insulting pay raises, AND increased workloads. Yeah, that's a good policy to retain your staff. Good luck with that BNYM...find some other su---r.