Shrinking company - Anonymous employee Liberty Mutual Insurance Employee Review

You only get a living increase raise unless you get a promotion. Promotions are non-existent, because the company is shrinking. They've had 2 terrible years in a row and they aren't filling roles that are vacated. I've worked my tail off for 3 years and haven't had 1 chance to interview for another role and haven't gotten anything other than the living increase raise that is about 1.5% a year. I have gotten great reviews and I've been a "team player," so the raises are not based on performance. 11 of 16 people I trained with are no longer with the company. They prefer high turnover over giving raises or promotions.