The point wasn’t to just raise salaries, but to curtail deceptive practices. I’d rather know they’re lowballing me before starting the interview process.
Alt headline: companies start posting more accurate salary descriptions after the government fucking made them.
“Companies stop lying after government institutes consequences.”
You know they are always low balling you though, right?
More than usual, obviously.
Obviously, Nick Lachey.
Lol ‘lower salaries’ they were never legitimately offering those salaries you boot gobbling fool
Last place I interviewed, recruiter and I agreed with my qualifications etc I should ask for 90k. They hired someone for 67.5k with no qualifications. The person literally took a pay cut to take the job. I don’t get it.
Sounds like they hired someone unqualified cause it cost them less and the person with no qualifications took it because so would you if that was your best option.
That’s why they hate things like welfare or full employment. They need a desperate army of reserve labor to keep wages low.
deleted by creator
“While they were being very competitive externally, they were threatening internal equity and internal incentives,” Pollak said. “There needs to be some [salary] growth year after year to keep people around and to keep them engaged.”
Translation: “If we advertise at market rates, our employees might figure out they’re all being underpaid.”
These same companies: “Nobody wants to work.”
I’m currently being underpaid roughly 12 to 20k compared to my coworkers because my job title is slightly different. Yet I’m the one training all of them. I’m going to leave when I can but I’ve been stuck for a while. Might have to find a completely different job/career eventually.
Salary range: $35k - $270k
Was looking at a job posting for a role in CA and the range was, I shit you not, 75k-395k.
I kinda want to give them the benefit of the doubt because that’s just odd it seems as if someone just fat fingered the 3, because 75-95 makes a lot more sense
But then again corporate gonna corporate soooo
Unfortunately, this level of job regularly pays 200k plus or minus a bit. So I doubt it was a fat finger unless they meant 175-395.
Maybe they did fat finger it, but they didn’t care because they weren’t being paid enough?
Minimum wage, minimum effort
We need to eliminate the expectation that underpaid workers will or should bust their butt for the potential of a raise.
You treat me right and pay me well (a sustainable income) then I’ll move mountains for you. But treat me inhumanely or pay me a pittance and I’ll assume you wish I wasn’t here.
It’s no accident. I was out of a job for half the year and saw this so many times. In states where the laws aren’t specific enough, posting an absurd salary range is how companies comply with the letter but not the spirit of it.
You’ve never shopped for housing in California, have you? $95k doesn’t give you rent for a room in a quad.
Well I wasn’t really saying it was a fair or decent wage lol just that it made more sense for the range to be a difference of 20k instead of 320k lmao
Completely agree. I had the same logic, only since it was CA I figured they fat-finger-dropped a “2” in front of the first number.
That’s way too low for CA. But 395 is senior-staff-level.
That’s very fat fingers to type a 3 next to a - or a 9.
What that says to me is they are not looking to fill a specific position. They are collecting resumes for whatever internal backlog and, should they have a need, they’ll fill any necessary positions at those salary brackets from their resume pile.
Sounds like software engineering
Exactly. Literally saw that yesterday.
Lmao I literally just got a linkedin email of a job posting in Netflix for a role similar to my current job. The salary range? 100k-700k.
I thought I was already exaggerating a little with 35k to 270k. But now I feel it was realistic.
On a side note, please don’t even consider taking a job at Netflix. Everybody who works there is always under threat of losing their job. They constantly reevaluate employees and managers are forced to churn through people even when their team is working well. The culture is absolutely savage.
Their “flat” hierarchy also winds up pitting everyone against each other.
I’m not saying you’re wrong, never worked there, but if you’re not worried about job stability personally, it doesn’t matter. Do your best, learn everything you can, take no criticism personally, get fired for bullshit reasons, and learn from the experience. Just use them. They don’t care about you, you already know you could be fired, and ride the wave as far as it takes you. The lifestyle is not for everyone, but a lot of younger people know this these days. They see the companies like stepping stones. Any company probably won’t last ten years, anyway. Loyalty is bullshit on either side.
For a 700k salary I would 100% take the risk. Don’t change your lifestyle after you get the job and just pocket the extra cash. If you get fired having Netflix on your resume should allow you to find a new position fast enough to come out on top of the deal provided that you are able to make it a few months at Netflix.
If you are fortunate enough to have 3-6 months of expenses in an emergency fund then there is very little downside as long as you are able to maintain the correct headspace.
I suspect a lot of younger software engineers are doing this. I was talking to one who made it a point to latch onto companies in their death throes, usually by word of mouth, so he got laid off with severance, and thus can explain short job hops with the “fast paced industry.” He lived frugally, being in a country where a $200k+ USD salary was ludicrously wealthy, and he said he did very little actual programming except personal projects that he did just to make his github account look active. He was just hopping from company to company without any real love or attachment to where he worked. I was both appalled and impressed how matter of fact he was, plus his perspective on the US job market was dead on. He had it all figured out.
The article is written by people who don’t know history. Talking about salaries was never taboo, as the law clearly states, and of course unions always have done so, but companies tried to pretend the topic was off limits.
I guess lying to employees about the law is just what families do.
we’re like a family. The kind of family you move away from forever and drink to forget for the rest of your life.
What matters most is understanding, even if we have our own doubts about the methods, that everything corporations do is done out of love.
Taboo and illegal are not the same though
It’s definitely been taboo within us companies
Talking about salaries was never taboo
The employee handbook of Cobleskill Regional Hospital in Upstate NY in 2000 put talking about your pay with another employee as a fireable offense.
Yes of course. Companies can put a lot of things in their company handbooks if they want to, and that comes with legal risk.
The real number I’d like to know is how much value my labor is actually producing versus what they pay me.
That would be some fun transparency. You could compare ratios and that ratio would be a number people talk about.
The national average is $128,502 in 2017 dollars, $160k+ today. That’s well over 3 times the median wage of $45k.
https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_person_employed
They do hold that data of course, where possible. I’ve heard it called personal P&L.
But tbh I reckon it would only be a new source of depression to know. :p
The full value of labor can be considered meaningfully only at the level of the whole enterprise.
You and your coworkers collectively contribute labor worth the value of the products you create collectively, minus the costs of inputs and operation.
How such value is distributed within the enterprise is simply a choice by those who control the enterprise. No objective solution is available. Owners pay each worker the minimum possible for the labor to be provided, which under current systems is different for each kind of labor, due to labor commodification over markets represented by the law of supply and demand,.
deleted by creator
I am not understanding the relevance or meaning of your objection in context, but if you are seeking to protect the interests of insurance companies, then perhaps you should not be participating in a space created for advancing the interests of workers.
deleted by creator
Doctors are not in control of society, and no society has ever been controlled dominantly by doctors. Doctors also are not a completely uniform group who all share the same values and beliefs.
What appears is that your attitude reflects a sense of hostility and superiority, which is not representative of how every doctor looks upon every janitor, and from my own experience, such animus is quite uncommon among doctors.
deleted by creator
I support doctors. I support janitors. I support all workers.
I perceive no meaningful conflict among workers, and I perceive confusion in anyone who locates the overarching antagonisms in our society as between various workers based on the kinds of labor they provide.
I still have no understanding of any objection you are giving that would seem relevant.
I also have no idea why you are fixated on signs in the hospital, but I hope you find a way to resolve your distress.
That’s actually rather easy if you work for a publicly traded corp, at least to ballpark it.
Company profits / total workers. (<-this seems facile, what am I missing?)
OTOH, beware comparisons of pay scales.
“CEOs make too much!”
Do the math. CEO pay is typically 1/100th of a penny earned, sometimes 1/1000th, not a drop in the bucket. Don’t matter. When I was a kid, sports star pay was the thing to rage about. LOL, haven’t seen a single lemming comment about that. Whatever.
“I don’t make enough!”
And that’s very likely true, but you cost far more than you think. Good rule of thumb? Double your pay, that’s what you actually cost. You make $15/hr.? Company probably pays $30, or a bit more. Company has to pay worker’s comp insurance, taxes, benefits, unemployment insurance, payroll processing fees, all that and more.
SOURCE: Worked IT for a payroll company, got the inside scoop.
but you cost far more than you think.
When companies pay peanuts compared to the C-Suite AND post record profits each year, I think the company could give me more than a 3% raise.
Well, that goes without saying. I was commenting on the idea of “fair market value”.
The downvotes say otherwise.
It’s impressive how deftly you avoid the comment to spout your own opinion
deleted by creator
If you have to underpay your workers to make enough profit, then your business model sucks, and your company should fail.
Economics 1B
Expected based on what? We’re recruiting, we had to increase the advertised salary twice. This is public, everyone at the company notices these increases. If they don’t come across to the existing people? It will be a riot and mass exodus. Something the company cannot afford to do. Replacing People costs an absolute fortune in time and money.
Replacing People costs an absolute fortune in time and money.
Something that corporate America seems to not care about for some reason these days.
Corporate America is operating on the Car Dealership model: there are enough rubes to fleece it’s not worth the effort to get quality customers/employees.
If they don’t come across to the existing people? It will be a riot and a mass exodus.
No shit. Maybe you should pay your staff market wages?
Companies are paying “market wages”. So what’s your complaint and/or solution?
LOL, every shit job I ever had, “We’re proud to pay the going rate for this work!”
Good jobs I’ve had, and have now? Yeah, no bullshit talk like that.
If you’re listing a job and no one’s applying at the price point, you’re advertising below market wages. If you’re paying your senior employees less than your new hires, you’re paying them below market wages. What a company wants to pay is not market wages: the laws of supply and demand dictate what market wages are. The wage that will interest new qualified workers and the wage that will retain experienced workers are the wages that the market are actually dictating.
Nationalize your enterprise? Or better yet, convert it to a cooperative and give the profits directly to the employees?
This is public, everyone at the company notices these increases. If they don’t come across to the existing people? It will be a riot and mass exodus.
That’s a feature, not a bug.
Considering how easily people are dismissed for failing to blow the management, I call shenanigans.
deleted by creator
This was never about raising salaries.
Now that the data is public, the companies can implicitly collude to keep them low. No one will offer more than any other, which will drive them down.
They were already colluding. At least now workers can see it and form unions to fight back.
Except if one chooses not to play ball and pay a little more, it can have the best of the pool. So others compete, I think that’s how this is supposed to work
They share it amongst themselves via third party consulting firms already. This just gives the public visibility.
We just gave “big data” more “big data”. They surely won’t use it against us!
then no one will work if they can choose to not.
That’s exactly what I would expect. The goal was largely to end the bait and switch.
