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I understand the public reasoning why the law was passed. I am not sure it is the right solution. As a business I would be very concerned that the cost/compens
by WaitWaitWha 5y ago
I understand the public reasoning why the law was passed. I am not sure it is the right solution.
As a business I would be very concerned that the cost/compensation for those few individuals with the qualification in Colorado will become very expensive as my competitors outbid each other to the sky (CO pop. 5.759mm US Census 2019). I remember the pre-dot com boom. IT was "rolling in money"...
As an employee, I am now concerned that I will be targeted because of the job I have. The criminal elements can now pretend to be "Robin Hood".
As an employee, how will this "race to the top" salary battle backfire? Will I be stuck in Colorado? Are there loopholes (and there always are) where CO companies can hire outsiders cheaper?
And, so on...
- deleted 5y ago[deleted]
- jorgemf 5y agoCompensation doesn't have to be only the salary. The company can offer you other non-tangible things that might be worth work with them even for a lower salary. Maybe more free time, or more flexibility in your life it is worth less money in the salary.
- WaitWaitWha 5y agoAgree & I understand regarding creative compensation. Is this true for most jobs, or just for above a certain level? What percentage of CO workers fall below that threshold? I do not know. The average annual salary in CO in 2019 was $61,819 according to Statista. It will be interesting to see how this law impacts it over time.