Executives Play Down the Possibility of Raises
bloomberg.com
Executives Play Down the Possibility of Raises
1–10 of 105 posts
Re: Executives Play Down the Possibility of Raises
#2Ah, so you're telling me CEOs aren't individually greedy parasites, but that the entire system is to be blamed? Thanks for the advice, comrade Bloomberg!
Re: Executives Play Down the Possibility of Raises
#3I'm curious as to whether that "median wage growth" chart takes inflation into account.
Re: Executives Play Down the Possibility of Raises
#4My favorite scam I've seen lately has been the "We're gonna give you a promotion with no salary increase, see how you do, and then discuss a pay raise after X months! You should be grateful for this opportunity!"
And then of course in six months, the pay raise is basically a small bump, versus what one might be paid if brought in as a manager/higher title.
Re: Executives Play Down the Possibility of Raises
#5My favorite scam I've seen lately has been the "We're gonna give you a promotion with no salary increase, see how you do, and then discuss a pay raise after X months! You should be grateful for this opportunity!" And then of course in six months, the pay raise is basically a small bump, versus what one might be paid if brought in as a manager/higher title.
This is why people say you make your money going out the door.
Re: Executives Play Down the Possibility of Raises
#6I like the concept of "cheap talk". In my company they always celebrate sales growth and higher profits loudly. It really seems to motivate a lot of people while at the same time salaries are frozen so most of them get no benefit from the "good news".
Re: Executives Play Down the Possibility of Raises
#7For a typical working man job, this is the unfortunate reality of the job market
For tech jobs, this is why people jump ship every few years.
Re: Executives Play Down the Possibility of Raises
#8My favorite scam I've seen lately has been the "We're gonna give you a promotion with no salary increase, see how you do, and then discuss a pay raise after X months! You should be grateful for this opportunity!" And then of course in six months, the pay raise is basically a small bump, versus what one might be paid if brought in as a manager/higher title.
You are supposed to take the promotion, update your linkedin, and find a real position with that title elsewhere for more money.
Re: Executives Play Down the Possibility of Raises
#9For a typical working man job, this is the unfortunate reality of the job market For tech jobs, this is why people jump ship every few years.
it's also why they try to instill&enforce the 'job hopper' stigma
Re: Executives Play Down the Possibility of Raises
#10I'm curious as to whether that "median wage growth" chart takes inflation into account.
The data appears to come from here[1], which describes it as,
> Once we have constructed the individual hourly earnings data, we match the hourly earnings of individuals observed in both the current month and 12 months earlier. The matching algorithm results in an average of 2,400 individual wage growth observations per month. We then compute the median of the distribution of individual 12-month wage changes for each month.
That seems to indicate that it does not take inflation into account.
[1]: https://www.frbatlanta.org/chcs/wage-growth-tracker.aspx?pan...