This an evergreen topic, and the basics are also pretty consistent over time. I thought I would offer some perspective as a former CHRO on this one for those considering “going there”. Here is a brief video on the subject. I mention the need to understand your industry; one point I left out is that certain types of jobs don’t give raises – they have “salary schedules” based on time in role and rank. If that is the case, it ain’t complicated! For the rest of us here are a few considerations before you engage: