Leaked Microsoft memo tells managers not to use budget cuts as an explainer for lack of pay rises: ‘Reinforce that every year offers unique opportunity for impact’::Managers are being ordered to dodge employees’ questions about how the latest budget cuts will impact their pay.
All the above is great advice, but I just wanted to add one more thing.
Be absolutely sure you move from one company to another company every couple of years, otherwise your salary will not increase and will instead stagnate, while you burn out.