First off, I love my job and my boss is fantastic. We work in a large entity that has multiple VPs over respective portfolios. My VP makes budget decisions founded in a methodology. If we don't have a methodology for the issue of the day, we develop one that is sound and supports our decisions.
In the last few years, my boss analyzed the units in his portfolio with a focus on equity. Some employees got raises of $20K at once because they were that far off the 80% percentile for their peers within our larger entity. I know that when negotiating my salary to begin working for him we talked about comparing my job to other "peers" inside and outside of his portfolio, but still within the entity. There are several of us that do very similar work, but the salaries vary widely. No matter how I do the math, whether comparing with peers in our portfolio or outside, best case scenario I'm close to $20K less than the average salary. One of my peers outside our portfolio started out $30K behind me and in 3 years is now $20K ahead!
My boss and I have had discussions about employees who have approached him for raises and I know he finds this off putting. Generally, I feel the same way. If you're doing good work, you should trust your boss to reward that. I've gotten steady raises each year, but I'm bothered by the seeming inequity of salaries among my peers. I could write off some disparities because certain peers have 20-25+ years in our area. However, the fact that I have a professional degree and others don't, I think, balances out. One particular peer (not hired by my boss) and I have the same professional degree and that person has about 8 months of experience in our area (compared to my 19 years), yet she was recently hired at over $100K more than my current salary!
I know my boss can't control what other VPs pay their people, but given that he used those numbers as a measure of what was fair to pay me (at the time), how do I let him know that my peers outside the portfolio are passing me by leaps and bounds? I'd like him to be aware of this information and then trust that, given his belief in equity, he will do the right thing without me outright asking for a raise. Thoughts?