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>It depresses wages, mostly for internal employees who aren't paying attention bc they're content with their jobs. It is just wild to me that this is where soc
by slg 5y ago
>It depresses wages, mostly for internal employees who aren't paying attention bc they're content with their jobs.
It is just wild to me that this is where society landed. Imagine you are a business owner. Wouldn't employees who are loyal and happy to come to work be the exact people you want to keep long term? These are people who know your industry, your business, your customers, and your product. They are your institutional knowledge. They are drastically more valuable than a new hire who has to spend years learning this all. But instead of rewarding that loyalty, we use it to squeeze out an extra few dollars of profit regardless of the consequences. It is bizarre.
- powerslacker 5y agoIf I had to guess, I'd imagine this is the result of perverse incentives combined with the Peter principle. Consider a manager or corporate recruiter receiving a bonus for keeping down costs.
- slg 5y ago>If I had to guess, I'd imagine this is the result of perverse incentives I think it is simply short term profit maximalization. Why give an employee a dollar more than you have to give them? Whether giving them an extra dollar now might generate an extra two dollars down the road is rarely even considered.
- whimsicalism 5y agoPeople who you have recently formally evaluated the competency of are priced upwards. That sort of makes sense to me.
- slg 5y agoWhat is the interview process like at your company if you think that is a better evaluation of an employee's ability to do their job compared to act of actually doing that job?
- sangnoir 5y ago> Wouldn't employees who are loyal and happy to come to work be the exact people you want to keep long term? You do, but you can achieve this by one of 2 ways: frequently adjusting salaries to match market rates, or rely on momentum, and hide information from them by strongly discouraging salary discussions among employees[1]. The latter approach results in more profits. 1. but sharing this information with fellow employers behind paywalls, like the work number.