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Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

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Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#291

Correlation != causation. Seems perfectly plausible to me that the more confident candidates are more likely to be poached by other companies, for example.

I was thinking the same. An attractive offer that leads to a change of employer is usually rounded off with a sallary boost.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#292
post #277

Earlier quoted context omitted.

> but as a line manager, if you pull this on me I'm more than likely to shake your hand and wish you luck in your new job. "Pull this on you"? You sound like a real joy to work for. This is expressly why I choose gigs where I'm working directly for an owner if at all possible. If you've created value, owners know how important you are and will take your request seriously as long as it's reasonable. In my career, I ha…

Letting everyone know they'll immediately be shown the door if they dare request an increase would create a terrible culture The person to whom you're responding explicitly drew a distinction between discussing a raise with your boss vs going to your boss with another offer that you have secured. I can see the importance of that distinction. To put the relationship in a different context: Imagine the difference betwe…

I like the analogy, but other offers help establish market value - in a free market anything, including labour, is as valuable as the highest available bidder. If this were a relationship another way of putting it would be "hmmm {person_x_whos_better_than_you_in_some_relevant_way} keeps trying to get in touch with me, I wonder why."

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#293

Earlier quoted context omitted.

The cost to replace a good employee is shockingly high. Organizations that don't fight to keep their good people are chasing short term gains at the expense of their medium and long term. It is why many businesses can't figure out why they can't grow and think they are a great place to work because they offer bottom of their industry pay (which can be enticing for folks looking to break in, get experience, etc.)

For a lone manager, chasing short term gains at the expense of longer term might be the most rational strategy for their own careers.

Agreed. I would then want to understand the overall organizational structure that puts "line managers" in these situations. It is almost always some sort of organizational defect or lack of managerial skill that causes an employee to "save up" all their grievances to the point where they feel the only way to get what they want is through essentially dropping a bomb on their manager.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#294
post #220

Earlier quoted context omitted.

> I imagine this is good advice in some places, but as a line manager, if you > pull this on me I'm more than likely to shake your hand and wish you luck in > your new job. Fortunately for us not all line managers have such inflated egos and don't take such requests down to a personal level.

It's not ego, it's just "do not negotiate with terrorists" approach adapted to the workplace. If you make such concession for one employee, the next day you'll have 5 others with similar demands. EDIT: One more thing: the reason why it is often easier to get a raise by changing jobs instead of negotiating it in your current workplace is information asymmetry. Your current employer knows you all too well, so it is har…

If your entire team is able to get competing offers higher than you are currently paying them, you have bigger problems (ie your entire team is likely underpaid compared to market rate)

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#295

Earlier quoted context omitted.

No it isn't I know one large uk tech company that is Terified of its gender pay gap becoming public. Like wise the BBC being forced to disclose pay rates for talent some Male presenters have taken pay cuts btw

FWIW in the UK the pay gap favours young women I gather; it changes over somewhere around the time a lot of women take a career break (32 IIRC, will try and trace the source). It's interesting because younger women hear the USA stats and complain about how they're being hard done by.

The same dynamics happen in USA. The statistics people report in the USA in the media are aggregates between all men and all women, which is why they're misleading.

In both cases, it's because women choose to leave the labor force for a while, which makes them no longer like the men who made similar choices as them up until that point.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#296

Best way to increase salary at current workplace? Get offers from other companies & ask for a meeting with your boss (or whoever decides your pay, so HR etc.). Bring up the offers, discuss what you'd get from there and also go through the potential career you could build at those companies. For example: Consultancy X would pay me $k/mo and every 6months it will go up the ladder if I perform well. With this kind of di…

Couldn't agree more. Basically your current employer should really pay you what the salary you would get somewhere else plus an additional markup for the internal knowledge which you have already acquired (you should put a value on that as well). Also don't believe any line manager or anyone else here posting that this is not a good strategy, because remember, every line manager is only an employee as well and has a…

The markup doesn't necessarily make sense, unconditionally, because there's also the your own adaptations to the company to consider. If their environment makes you reasonably comfortable, that's a risk mitigation versus other jobs that's worth something to most people.

Also, few people are truly indispensable. In all my time working, I've never seen a company fall apart from the loss of one important person. In fact, it usually takes a shorter time to cope than anyone anticipates.

I do agree with you, In the sense that as an employee, you're in great shape if you're seen at being essential, to some degree; I just don't think you're capturing the entire market dynamic.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#297
post #277

Earlier quoted context omitted.

> but as a line manager, if you pull this on me I'm more than likely to shake your hand and wish you luck in your new job. "Pull this on you"? You sound like a real joy to work for. This is expressly why I choose gigs where I'm working directly for an owner if at all possible. If you've created value, owners know how important you are and will take your request seriously as long as it's reasonable. In my career, I ha…

Letting everyone know they'll immediately be shown the door if they dare request an increase would create a terrible culture The person to whom you're responding explicitly drew a distinction between discussing a raise with your boss vs going to your boss with another offer that you have secured. I can see the importance of that distinction. To put the relationship in a different context: Imagine the difference betwe…

[deleted]

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#298

Earlier quoted context omitted.

How does this work with equal pay legislation though - if you're male then you can't get a pay increase above a female because if that's discovered the company is in for a heap of pain??

The men and women at any given company who do the same job are probably being paid similar amounts of money without any regard to "equal pay legislation," because the gender pay gap goes away when you control for the choices that people make in developing their human capital. So it's not relevant and nobody should be blaming women for not being able to give you a raise. If someone in management at your company tells…

It's not blaming women to describe a disparity.

Sometimes men get awards in UK under equal pay legislation too but if it's true that men on average negotiate pay more effectively (and it appears so) then they will disproportionately be affected. When they negotiate and win a pay rise they are unlikely to get it for being male, it's going to be based on merit (largely) & retention needs; but equal pay legislation means a company takes on a risk if they can't sufficiently differentiate that workers output from another - of the opposite sex - who can claim to be doing work of similar value.

Example case http://www2.cipd.co.uk/pm/peoplemanagement/b/weblog/archive/..., see also the ASDA case where working in a different location, doing a different job haven't been considered enough to warrant different pay.

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#299

Best way to increase salary at current workplace? Get offers from other companies & ask for a meeting with your boss (or whoever decides your pay, so HR etc.). Bring up the offers, discuss what you'd get from there and also go through the potential career you could build at those companies. For example: Consultancy X would pay me $k/mo and every 6months it will go up the ladder if I perform well. With this kind of di…

I imagine this is good advice in some places, but as a line manager, if you pull this on me I'm more than likely to shake your hand and wish you luck in your new job. In a lot of places, having a talk with your manager about your salary before going off and actively looking for other offers is going to go down a lot better. Most line managers worth working for, value their teams and will fight for them if they are un…

There is a way to do this right [1] -- true story. Do not actively look to quit, instead, inform your manager that you are getting inbound requests with specific numbers and that you'd rather stay, but the numbers are what they are.

[1] https://medium.com/@alain94040/how-to-negotiate-a-raise-9166...

Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less

#300

Best way to increase salary at current workplace? Get offers from other companies & ask for a meeting with your boss (or whoever decides your pay, so HR etc.). Bring up the offers, discuss what you'd get from there and also go through the potential career you could build at those companies. For example: Consultancy X would pay me $k/mo and every 6months it will go up the ladder if I perform well. With this kind of di…

I imagine this is good advice in some places, but as a line manager, if you pull this on me I'm more than likely to shake your hand and wish you luck in your new job. In a lot of places, having a talk with your manager about your salary before going off and actively looking for other offers is going to go down a lot better. Most line managers worth working for, value their teams and will fight for them if they are un…

As someone else put it well, it's a free market. The best way to know MY value in the market is to talk to other companies about openings and salary. So by coming to you, the manager, without doing that is to let you determine my market value without any other input. That's like the Ford dealer getting mad at me for going to other lots to find the best deal on a truck.

Relationships are important, sure, but you have to understand: management is not typically the friend of the worker, nor is HR.

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