You're doing high-level work. A certain friend we have in common is getting paid more than 4x as much as a contractor for work that is not that different, and looking at job offers in the 2x-3x range.
The problem with being taken for granted in a large company is that they know inertia works in their favor, and that they can throw you small bones to avoid having to recognize how you have morphed into a much less expendable employee. While you can try to get recognition of your role in job title and salary by asking, companies rarely pay attention unless there is a competitive threat for your services. I'd seriously talk to some recruiters and develop a plausible alternative position elsewhere and then frankly discuss the mismatch between what you do and what you're paid with the (desperate to keep good people) company you work for.
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The problem with being taken for granted in a large company is that they know inertia works in their favor, and that they can throw you small bones to avoid having to recognize how you have morphed into a much less expendable employee. While you can try to get recognition of your role in job title and salary by asking, companies rarely pay attention unless there is a competitive threat for your services. I'd seriously talk to some recruiters and develop a plausible alternative position elsewhere and then frankly discuss the mismatch between what you do and what you're paid with the (desperate to keep good people) company you work for.