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Ah, sorry, in my industry (tech) most of our salaried jobs pay way better than minimum wage when considering your dollar per hour worked. So I'll happily work
by jmchuster 6y ago
Ah, sorry, in my industry (tech) most of our salaried jobs pay way better than minimum wage when considering your dollar per hour worked. So I'll happily work 50 hour weeks instead of 40 hours ones when I'm getting paid 10x as much. It's really quite a nice tradeoff vs, say, having to work two full-time minimum wage jobs to make ends meet. It even compares quite nicely to other high-paying industries, e.g. in i-banking you work 80-100 hours a week the first two years (still making six figures mind you), but then those who survive get promoted, with a nominal salary bump, but the main difference being that you now get to work more normal 40-50 hour weeks.
I don't know if I would use the word "trust". I'd probably characterize it more as "responsibility". You get paid more because you are the one responsible if those who report to you don't deliver. Your boss will only yell at you, not your reports. Management does not require necessarily _more_ skill, but still requires a skillset nonetheless. If you can make 100 people 10% more efficient, then theoretically you are worth 10 people. I _do_ believe that you need to be able to make your managers "trust" you in order to get promoted, but that's talking a bit more about how to actually move up in the corporate world.
I also don't know if it's really that much a mystery how to make more money. Move into management. Move into higher-paying industries, like finance and tech. Own your own business (half of it being defacto making yourself a manager). I think mostly people don't have the privilege that allows them such mobility. You can usually get promoted to shift manager pretty easily within retail by, um, just never being late. But moving higher probably requires various social skills (such as gaining trust mentioned above) that certain upbringings will give you a massive head start on. Many industries require advanced degrees that require a heavy initial cash disbursement. And so on.
Or are we saying, that you've chosen an industry that doesn't pay well because you personally like it, and want to get paid more? That's difficult if your company/industry just doesn't have that much excess money to throw around. Or are we talking about how to get paid more for your job without switching into management? There's probably an upper limit to what you'll get paid (usually companies have pay bands for each position), based on what the company considers to be the maximum value that can be provided by that position. So you want to make sure that you're getting paid commensurate with your output relative to your peers. And I guess that requires similar skills to getting promoted positions, but with a much lower bar, usually just around convincing your boss that you're generating the value that you are. If you've capped out that pay band, then your options are to convince the company to rethink their value system (generally impossible), switch to a different position, or switch to a different company.
- threentaway 6y ago> So I'll happily work 50 hour weeks instead of 40 hours But why? If your contract says 40/wk is expected, then just work that and set targets based on that. Why give your employer 500+ hours per year of your life that you don't owe them?
- sokoloff 6y agoMostly because I view the relationship with my company and CTO as a partnership rather than an adversarial one and I like what I do. (I do things a lot like it for free at home anyway...) If there’s a crunch time or a production issue, I don’t mind going above some contractually obligated minimum that helps the company disproportionately compared to the drag on my time. At the end of it all, I’ve also gotten promotions that I’m 100% sure I’d have not gotten if I timed each of my workdays with a stopwatch and clipboard.
- Kye 6y agoDo you have reason to believe the company will see it the same way when things get tough? A lot of people think a relationship is strong, then they get The Talk one day and find out they were the only one who thought that.
- sokoloff 6y agoI do, because I’ve seen behind the curtain how these decisions get made, at least here. (Given that a sizable part of business went to zero when tradeshows went away, we’ve been tested as a company in the last 12 months.) Now, if I became no longer useful to them for whatever reason, I’m sure I’d get The Talk, but I don’t know why that shouldn’t be expected, normal, and OK.
- bobthechef 6y agoThis is a good point. If an employer pays Y for X, but gets X+1 for the price of Y, why would he then bump you up to Y+1 if they don't have to? You're communicating through your actions that this is an okay state of affairs. You might do a bit of that X+1 work for some time to give you leverage during EOY reviews, but that's because you want that salary bump. Whether it will actually result in one is a different matter. Jobs aren't charity and business is business. There's nothing inherently noble about doing a disproportionate amount of free work for a profit making company, especially when you have other obligations outside of work. Believing it is noble is a kind of Stockholm syndrome. The very essence of companies is to provide a service or product for a price as a just exchange of goods. The very nature of your employment is that they need someone to help make the service or product to get the money they want in exchange for a just fraction of the profits. When employees stop caring about adequate compensation, this results in a creeping exploitation.