I froze the salaries of my executive team to benefit other workers
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Re: I froze the salaries of my executive team to benefit other workers
#2Why does a company with only 500 regular employees even have 20 executives in the upper bracket?
Are they just overpaid sales people?
If the upper 5% at my company earned enough to double the wages of the other 95%, I'd be pretty damn mad about those leeches.
Especially if the company is already struggling.
Re: I froze the salaries of my executive team to benefit other workers
#3Why does a company with only 500 regular employees even have 20 executives in the upper bracket? Are they just overpaid sales people? If the upper 5% at my company earned enough to double the wages of the other 95%, I'd be pretty damn mad about those leeches. Especially if the company is already struggling.
CEO
CFO
Head of Marketing
Head of Sales
Chief Security Officer
Head of IT
Head of Clinical Services.
Head of HR
.. off the top of my head. Shouldn't be too difficult to add in the remaining posts
Re: I froze the salaries of my executive team to benefit other workers
#4Why does a company with only 500 regular employees even have 20 executives in the upper bracket? Are they just overpaid sales people? If the upper 5% at my company earned enough to double the wages of the other 95%, I'd be pretty damn mad about those leeches. Especially if the company is already struggling.
CEO CFO Head of Marketing Head of Sales Chief Security Officer Head of IT Head of Clinical Services. Head of HR .. off the top of my head. Shouldn't be too difficult to add in the remaining posts
HR should be about 5 people in a 500 people company.
There's not much space there for a hierachy with much of a pay gap, unless you're going to pay a direct superior >500% more.
Same with most other roles at such a company.
Re: I froze the salaries of my executive team to benefit other workers
#5me thinks the shitty 7.25 an hour is to blame.
Re: I froze the salaries of my executive team to benefit other workers
#6I was thinking the math didn't work out, but it does. If you ignore taxes and say a raise of +7.50 an hour for a working week comes to around $14500 extra a year, over 500 employees that's about $7.3m. If that were split into 20 executive bonuses, that'd be $365K each.
Re: I froze the salaries of my executive team to benefit other workers
#7Why does a company with only 500 regular employees even have 20 executives in the upper bracket? Are they just overpaid sales people? If the upper 5% at my company earned enough to double the wages of the other 95%, I'd be pretty damn mad about those leeches. Especially if the company is already struggling.
What they have on the website:
* Chief Executive Officer
* Chief Medical Officer
* Senior Vice President, Human Resources
* Chief Customer Officer
* Chief Legal & Strategic Solutions Officer
* Chief Financial Officer
* President and Chief Operating Officer
* Chief Compliance Officer
* Chief Technology Officer
* Chief Growth Officer
Re: I froze the salaries of my executive team to benefit other workers
#8I was thinking the math didn't work out, but it does. If you ignore taxes and say a raise of +7.50 an hour for a working week comes to around $14500 extra a year, over 500 employees that's about $7.3m. If that were split into 20 executive bonuses, that'd be $365K each.
And if you're getting a $365k bonus you are likely already so rich that the money is only going for luxury things while for someone making $7.25 it's quite literally the difference between living in a car or not. I wonder if you could apply this to the rest of American society...
Re: I froze the salaries of my executive team to benefit other workers
#9I was thinking the math didn't work out, but it does. If you ignore taxes and say a raise of +7.50 an hour for a working week comes to around $14500 extra a year, over 500 employees that's about $7.3m. If that were split into 20 executive bonuses, that'd be $365K each.
But those 20 folks did receive their bonuses (if any). What they missed out on was the inflation adjustment (3-4% I guess). Now the math doesn't check out. If 4% of the wages for those 20 is $7.3M, then the total annual wages for the same people is $182M.
I wish he had shared the numbers.
Re: I froze the salaries of my executive team to benefit other workers
#10Why does a company with only 500 regular employees even have 20 executives in the upper bracket? Are they just overpaid sales people? If the upper 5% at my company earned enough to double the wages of the other 95%, I'd be pretty damn mad about those leeches. Especially if the company is already struggling.
500 at the very bottom, many more in between