At what point does an employee reasonably say, “I have accepted increased workload and expectations for three consecutive years without a meaningful merit increase or bonus, while the company’s financial and stock performance have deteriorated, so the economic relationship between my contribution and my compensation no longer makes sense”?
If PepsiCo again provides neither merit increases nor bonuses for a third consecutive year, would resigning immediately be an irrational reaction, or could it reasonably be viewed as the culmination of a three-year pattern rather than a reaction to a single disappointing compensation cycle?