Is it common for companies to have a 10% limit on what your raise can be if you get promoted within the organization?
With every new job I've had, I've gotten way more than a 10% raise. Seems like that policy would force good, dedicated people out the door. My boss definitely makes more than 10% more than I do, and I would certainly be a good candidate for her job if she left, but it doesn't make much financial sense to do it.