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Posted on 1/10/21 at 1:49 pm to The Mick
quote:
For the reason you cited... Companies don’t pay everyone the same and shouldn’t have to imo.
Agree. A surprising number of people think they should be making the same as others who have much longer seniority, maybe a high level title, etc. They don't seem to understand why someone might be paid more than them.
Posted on 1/10/21 at 2:21 pm to The Mick
quote:
Companies don’t pay everyone the same and shouldn’t have to imo.
Most of the time, salaries are based on the market conditions when you’re hired.
If it’s slow in your industry, you will probably be underpaid because there are more people looking for work. If it’s extremely busy, they will have to overpay to get people to fill their needs.
During yearly raises, most corporate people will dole out 4-5% pay raises on average.
So, if, say, you’re hired at 50K in 2015 during a down time in your industry, and get 5% bumps each year, you will be around 64K now. However, if work has picked up tremendously in your sector, and they need people, they may offer someone 70K or more to someone with lesser experience than you to get them in the building. You then have salary discrepancies across the company.
You may have a good boss that realizes this and keeps you where you should be salary-wise, but most of the time they won’t proactively do this.
I once came across my group’s salaries and it was comical on what some people were paid for what they could (or could not) perform.
This post was edited on 1/10/21 at 7:18 pm
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