Even Non-FAANGs have banded, bounded comp. I remember discussing a compensation increase at a smallish, medium sized company, and was given the usual "The book says the comp for your role is between $X and $Y, and you're at $Y." They even showed me The Book! Like, ok so you're just willing to lose me over this stupid book then? (Narrator: There were willing to) I dipped over to FAANG for a pretty nice increase. I guess FAANG uses a different book...
It's just a larger book, yes. No matter how much value you deliver the most important value is that you are Smaller than the Big Guy, and at google he makes a lot more money.