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originally posted by: lordcomac
originally posted by: Zanti Misfit
a reply to: JAGStorm
The ONLY Solution is Wage Increases Across the Board for All Fields of Work to Encourage People to be Employed . A LIVING WAGE at Bare Minimum should be the New Norm in 2018 Considering U.S. Economic Growth .
Increased wages leads to increased costs- what service do you provide?
Double the pay of fast food workers, cost of fast food has to double to pay for it.
Farmers? food.
Get it?
Double everyones pay, cost of everything doubles.
Maybe look at cutting taxes instead- property tax is outrageous, and for rental properties it's passed off in the cost of rent.
Income taxes are out of control- to pay someone 10 an hour it'll cost a company 15, and they'll only see 7. That means they need to make $15 worth of value for every $7 they take home for a $10/hr job.... which doesn't come close to paying the rent.
The money itself is broken by design- there's no fixing this while under the thumb of fiat currency.
That may be but the only people I know who will work for 10-11/hour are teen agers and the very elderly. Raising the hourly wages to 15-20/hour will put many small businesses out of business. Average rent prices are relative. Big cities and high class communities are high but many rural areas are averaging 6-800.00 and that includes utilities for a 2 bedroom apt. A lifestyle is about choices, not just how much money you can make but how much you really need to live.
Double everyones pay, cost of everything doubles.
originally posted by: Aazadan
But a raise can retain talent. I've got a lot of instiutional knowledge at my current job. I like the job, and if they were willing to pay me what I can get elsewhere (even ballpark, not necessarily as high) I would stay for the time being. Instead I'm talking to other companies that are offering 50% to 100% salary increases. I like my current job, but money is certainly a factor in loyalty.
originally posted by: chiefsmom
Since I seriously started looking for a job again, I have noticed this as well, and something else. Office manager, Admin manager, ect are also in demand, except they want at least an Associate degree for you to even apply. That is screwing me. I have 23 years experience, but no degree.
Doesn't seem like people care about loyalty anymore.
And the bus driver thing is huge in MI right now. They cannot keep drivers. From other drivers, I've heard they don't pay enough to put up with the kids crap anymore.
originally posted by: Xtrozero
I agree, but can the position you are in right now handle a 50% pay increase, and is it actually worth it to the company to pay you that much? To be honest I want to keep people 3 to 5 years, if they stay longer great, and this doesn't always mean they leave the company, they can move to another position. I want to hire into a position at the correct pay, Low balling does no one good, but once a person is in a position outside of a 3% raise or so per year it is almost impossible to give anything more...that is why I do not want to be handed a broken pay scale for me to fix...It would be easier to have the person leave the company and I rehire as a new employee.
originally posted by: JAGStorm
If another company values that position at 50% more, and another company, and another, pretty soon what you are paying them is not competitive. This is what is happening with the economy right now. Fast food & service industry places are at the bottom of the chain. At some point not having enough employees will negatively affect the entire company. Where I live, this is a real thing! We are going to see it more and more. Right now it is really the lower paid gigs, but it is going to travel upward, just wait and see..
originally posted by: JAGStorm
a reply to: Aazadan
Sometimes the only way to get your worth is to leave. At this point your current employer is holding you back and I hate to say it but they are using you.
Remember the value of time not just money, even one year can make a difference. If I could go back in time and talk to myself I would have left several employers many years earlier.
originally posted by: JAGStorm
a reply to: Aazadan
The question is how much longer can your friend work like that. At some point many people will leave. I know a place giving 30 hours of overtime every week (many of it mandatory), they can't keep people. They are offering bonuses and their pay is above industry standard. You become overworked and have no life outside of work. Who wants to live like that. Sure the money is good, but what good is it if you don't even have time to spend or enjoy it.
To never see your family or friends.
originally posted by: JAGStorm
a reply to: Aazadan
The question is how much longer can your friend work like that. At some point many people will leave. I know a place giving 30 hours of overtime every week (many of it mandatory), they can't keep people. They are offering bonuses and their pay is above industry standard. You become overworked and have no life outside of work. Who wants to live like that. Sure the money is good, but what good is it if you don't even have time to spend or enjoy it.
To never see your family or friends.
originally posted by: Aazadan
I hired into the company originally at a below market rate, my title was that of an intern but my job duties were those of a lead developer. Eventually, things happened and now I'm sitting at the company with two years experience, having written about 90% of our codebase, with even more responsibility, but the same entry level title and pay. I asked for a title change that reflects what I'm actually doing (at this company, pay band is determined by title) and instead they said no and kept me at the title they made up, which they could pay an arbitrary wage for rather than pay their industry standards. It's still a good wage, close to 6 figures, but it is not competitive.
So I've been looking around. I'm still looking but haven't had any company balk at my asking rate of ~175k total comp yet. I've had two offers at that rate in the past few weeks but I didn't like either of the companies so I turned them down.
I would be happy to stay, I really like the job, but they want to play hardball on salary. Lowballing people isn't a good way to create loyalty.
originally posted by: Xtrozero
As a senior manager I say it is time for you to move on to bigger and better things. One of the biggest problems I see is initial pay sets all future advances too, so if you start low you tend to always be on the low side no matter what you do in a company.
originally posted by: JAGStorm
It might be easier for you to let that person go and hire a new person for the position, but what happens when all those new people dry up? At that point what will you do?
(I know this may not reflect your specific industry but I am using it as an example as a whole)
originally posted by: Aazadan
If I stay, I *might* get 10%. If I go elsewhere I'll get between 50% and 100%
originally posted by: Xtrozero
10% is a typical jump in positions up through manager. The sucky part is if you were making 70k and another guy doing the same job as you was making 80k and you were both move up into the next position he would be at 88k and you would typically be at 77k...
originally posted by: JAGStorm
I have to laugh, if most workers had compensation history of other employees there would be a revolt.