Step 1. Start quietly looking for another job that pays 20% more than you currently make. You'll likely find something.
Step 2. Take the new job.
Rationale for not making a stink with your current employer or negotiating with them once you have an offer:
1. right now you likely feel some combination of under appreciated, used, taken advantage of, etc. and that feeling likely won't change as time goes on. You are likely not wrong for feeling that (even if you suck and are lucky to not be fired). The compensation system didn't meet your expectations and there is really no way to remedy that.
2. Current company will likely not match a 20% bump and if they do it will further the aforementioned feeling of being taken advantage of.
Comments
Step 1. Start quietly looking for another job that pays 20% more than you currently make. You'll likely find something.
Step 2. Take the new job.
Rationale for not making a stink with your current employer or negotiating with them once you have an offer:
1. right now you likely feel some combination of under appreciated, used, taken advantage of, etc. and that feeling likely won't change as time goes on. You are likely not wrong for feeling that (even if you suck and are lucky to not be fired). The compensation system didn't meet your expectations and there is really no way to remedy that.
2. Current company will likely not match a 20% bump and if they do it will further the aforementioned feeling of being taken advantage of.
It's time to move on.