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Automated contract renewals


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Contracts at my current place of employment are being shifted to automatic renewals. They will be shifting all providers equally based on a board approved raise once yearly (obviously dependent on many things and several previous years have gone without pay raises). They state that market salary value will be assessed q18m and changed accordingly. I assume this will also be at the discretion of the board. Something seems really cruddy about this, but I've never been in a system like this. What's up?

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