Pay transparency laws have made more employers disclose salary ranges in job listings. Yet, a new report finds advertised wages aren’t growing as expected.
Expected based on what?
We’re recruiting, we had to increase the advertised salary twice. This is public, everyone at the company notices these increases. If they don’t come across to the existing people? It will be a riot and mass exodus. Something the company cannot afford to do. Replacing People costs an absolute fortune in time and money.
If you’re listing a job and no one’s applying at the price point, you’re advertising below market wages. If you’re paying your senior employees less than your new hires, you’re paying them below market wages. What a company wants to pay is not market wages: the laws of supply and demand dictate what market wages are. The wage that will interest new qualified workers and the wage that will retain experienced workers are the wages that the market are actually dictating.
Expected based on what? We’re recruiting, we had to increase the advertised salary twice. This is public, everyone at the company notices these increases. If they don’t come across to the existing people? It will be a riot and mass exodus. Something the company cannot afford to do. Replacing People costs an absolute fortune in time and money.
No shit. Maybe you should pay your staff market wages?
Companies are paying “market wages”. So what’s your complaint and/or solution?
LOL, every shit job I ever had, “We’re proud to pay the going rate for this work!”
Good jobs I’ve had, and have now? Yeah, no bullshit talk like that.
If you’re listing a job and no one’s applying at the price point, you’re advertising below market wages. If you’re paying your senior employees less than your new hires, you’re paying them below market wages. What a company wants to pay is not market wages: the laws of supply and demand dictate what market wages are. The wage that will interest new qualified workers and the wage that will retain experienced workers are the wages that the market are actually dictating.
Nationalize your enterprise? Or better yet, convert it to a cooperative and give the profits directly to the employees?
That’s a feature, not a bug.
Considering how easily people are dismissed for failing to blow the management, I call shenanigans.
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