They currently pay good salaries in line with the market.
There's no way they can justify giving a person who's been with the company for 10 years 4x salary growth in 2 years.
One of these must be false. According to "the market", this employee is now worth 4x previous salary, so then how can your company be paying "in line with the market?"
Ok, so it's more like the business is in the market for a $80k/yr developer, and not a $300k+ developer. The words changed but the result is the same. The work they're doing, it honestly doesn't make sense to pay anyone that much.
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One of these must be false. According to "the market", this employee is now worth 4x previous salary, so then how can your company be paying "in line with the market?"
Ok, so it's more like the business is in the market for a $80k/yr developer, and not a $300k+ developer. The words changed but the result is the same. The work they're doing, it honestly doesn't make sense to pay anyone that much.
This is what many are missing: for some jobs the company can only get so much value, no matter how great the developer.