The single most important change that should happen to change things like this is having salaries being public. The day that happens, salaries statistics will very likely take a huge jump.
I believe they already are? Glassdoor
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
#222Earlier quoted context omitted.
>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 unhappy, without the threats. This doesn't agree with the research here, and your first statement doesn't agree with your second. If you value your team, they shouldn't…
You can value your team and still be running on fumes and not be able to currently pay them what you think they should get. There's no contradiction in that.
The basic idea of capitalism is some ventures / companies will fail. Trying to hang on by underpaying people is generally just forestalling the inevitable and closing up shop early is generally better for all involved.
That said, if your growing etc and just have a cash crunch then stock is generally an option.
Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less
#223Best 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…
Don't see it as a threat, see it as me finding out what the market value is of my labor and then informing you about it. I'm going to do due diligence before asking for a raise, if our company was launching a product and I found out what the market value of it was you would presumably be thrilled. I work as hard for myself as I do for the company, just like I know that the company works as hard for our customers as we do for our shareholders.
Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less
#224Earlier quoted context omitted.
I think you typify the type of manager that cares more about the bottom line than the value you get out of good employees. Maybe it wasn't spelled out as clear in the article, but much of the point is that the employee is more valuable to retain than to simply re-cycle for someone lessor or equal pay. Wouldn't care to work for you at all.
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.
Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less
#225Best 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…
you're name's likely to get further up the redundancy list than you'd probably like.
But you don't make PEOPLE redundant, only POSITIONS.
If you are using redundancies as cover to target individuals that have annoyed you, then you will be shortly staring at the business end of a tribunal.
Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less
#226Earlier quoted context omitted.
I think you typify the type of manager that cares more about the bottom line than the value you get out of good employees. Maybe it wasn't spelled out as clear in the article, but much of the point is that the employee is more valuable to retain than to simply re-cycle for someone lessor or equal pay. Wouldn't care to work for you at all.
Managers are paid to look after the bottom line. The good ones do their best to balance that with treating their people well and fostering loyalty, but no balancing act ever goes entirely smoothly -- yet that's the one they're paid to perform. Businesses aren't charities or good-will missions.
You're right that businesses presently are not charities or good-will missions, but perhaps they should be. The way most businesses are currently run (ie, as profit mills chasing growth at any cost) is detrimental to the environment, society, and the economy itself. Business for its own sake is stupid AF.
Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less
#227Best 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…
Never stay at a job once you've shown your manager you have other offers. Use the current job to up your salary in the next job. Again never stay...you'll be gone in time for sure.
Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less
#228Earlier quoted context omitted.
without the threats I wouldn't dispute that seeking offers before a request for raise might not go over well (depending on the specific business), but I think calling it a "threat" is needlessly weaponizing salary negotiation in a market where everyone acknowledges salaries have been flat for a long time.
I believe the flatnessof salaries applies to jobs overall. I would guess most people at HN work in IT where salaries haven't been that flat.
Depends on which way you cut the data, looking at occupations, time period, and geographic location. I've looked and have found data and reports suggesting they're flat (keeping up with inflation) or slightly outpacing inflation. Some specific sectors and skills have seen significant growth.
The number of people employed in IT services as a whole as increased which has likely helped keep wages more stable. It's still a good career as far as salaries go.
One thing I've found that makes digging deeper challenging is the preponderance of titles and roles. Title inflation could disguise wage growth to some degree.
Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less
#229Best 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…
Never stay at a job once you've shown your manager you have other offers. Use the current job to up your salary in the next job. Again never stay...you'll be gone in time for sure.
That's good advice. Chances are if you are thinking about moving on it is not just the pay that's a problem.
I have seen this situation play out so many times. People who don't move around aren't being paid what they're worth and are effectively leaving money on the table.
The Forbes article only scratches at the issues involved in the tech biz and each point made could have a full article written about it.
Re: Employees Who Stay in Companies Longer Than Two Years Get Paid 50% Less
#230Best 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…
>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
Business is business. If they find someone to replace you at a fraction of your salary they will do it at a drop of a hat. Your manager pbly gets a bonus for reducing spending...