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You should be careful with that though, because it can cut both ways. I was a part of a company early in my career where certain people were being paid less tha
by bilbo0s 8y ago
You should be careful with that though, because it can cut both ways. I was a part of a company early in my career where certain people were being paid less than others, only the thing was that the big, BIG, bosses didn't know about it. They were told what the average pay was, but they thought that was the pay level that all of the workers were receiving.
Long story short, when the whole thing came out, imagine their surprise, (and delight), to discover a class of workers who would happily work for cheap. The big, BIG bosses proceeded to demand that everyone take a paycut. (Well, everyone who was making more than the average.) So a whole lot of colleagues ended up leaving and looking for other jobs etc.
In the end, it didn't really help the people on the bottom at all. I was just a lowly intern, but that experience definitely taught me a lesson about how the corporate world works.
- toomuchtodo 8y agoIt sounds like the system worked as intended.
- bilbo0s 8y agoTouché. I guess I never thought about it that way.
- pkaye 8y agoAt one workplace, I and a bunch of others were software leads/managers who rose up through many years hard work, promotions and raises. A new VP of engineering joins and finds out about our salary during the next review. He berates us individually why were are paid so much. What he didn't realize is the team leads did the heavy lifting for development at this company. Many of us said nothing and just looked for new opportunities. From what I heard, projects quickly fell behind schedule, got cancelled. The VP was eventually fired.
- infinite8s 8y agoAnd he probably just moved on to a new opportunity.
- pkaye 8y agoI've looked him up. He is working on a "startup" idea but I don't think he has gone anywhere with it.
- maxxxxx 8y ago"I was a part of a company early in my career where certain people were being paid less than others, only the thing was that the big, BIG, bosses didn't know about it. " That's pretty weird. Usually the bosses know what everyone is making or can find out. Looking at cost is one of the main duties of a boss.
- GlickWick 8y agoNot that weird. There are lots of employees and the big bosses tend to only see birds-eye views like project/staffing budgets. They care if a team of 10 costs 2.5m/year. They don't dig into why unless they have a problem with the budget to begin with.
- maxxxxx 8y agoInteresting. In any case, bosses already have salary transparaceny if they care so giving transparency to employees wouldn't change this particular case.
- vetinari 8y agoThey don't have the need to dig into individual salaries, only once they want to start optimize (read: where to cut down) the salaries. Otherwise, it doesn't help with overall goals.
- pjdemers 8y agoI worked at place where we did stack ranking, but added a formula that basically divided rank by salary. Anyone making more than about 1.2 times the average of their piers had to constantly justify it.