22 ms·
>> she was making 40-50% less than new interns were getting out of college This is called salary compression, and it's not unique to just minorities. Companie
by m0zg 8y ago
>> she was making 40-50% less than new interns were getting out of college
This is called salary compression, and it's not unique to just minorities. Companies have to pay market to hire. They don't have to pay market to people who might be reluctant to leave, for a variety of reasons. It's fairly common for new hires to be earning significantly more than nominally "senior" employees who have been with the company for a decade or more.
- gaius 8y agoRight. If you are doing the work at salary X then you have sent the signal that you are willing to do the work at salary X. The only way to send a new signal is to leave for a job paying salary X+n, then repeat the cycle in a few years.