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> “each combination of race, ethnicity, and sex.” Leaving out "hours worked" or "Value provided" is going to create a race to the the bottom. If my salary is n
by maerF0x0 4y ago
> “each combination of race, ethnicity, and sex.”
Leaving out "hours worked" or "Value provided" is going to create a race to the the bottom. If my salary is now capped by my peers then I may as well instead work less / less hard.
(or, i suppose, only work at companies where everyone is a workaholic)
- Spivak 4y agoYou should, I maybe work 25 hours a week and and the only people in the company that make more than me are directors and C levels. And everyone on my team makes the same. Work life balance is important and working 20 or 80 hours won’t get you more pay, only more responsibility. I have one workaholic team member and we literally force him to take days off. Your taking the pessimistic view, your salary is now floored by the highest quality most value producing person the company actually wants. If that floor is low then they clearly don’t want any rockstars on the team so kick your feet up and relax. And if the floor is high you found your group of live to workers.
- maerF0x0 4y agoI would rather work 50 hours per week and make a lot more now than have an "easy" WLB. Right now I need money, but the rules setup make it super tough (this plus progressive taxation that doesn't care how much money you average across life, just this year-- eg you could earn $1M in one year and nothing for 19 and still pay very high taxes while others earn $50k over 20 and they get an attractive rate).
- lumost 4y ago> Leaving out "hours worked" or "Value provided" is going to create a race to the the bottom. If my salary is now capped by my peers then I may as well instead work less / less hard. For the vast majority of employees, this was always the case. For my entire career the only way to get a raise commensurate with your value was to switch companies. After 6x job changes over 8 years + a 4 year stretch at the latest firm I've increased my compensation by ~10x. The most any manager was able to get me for a raise in 1 year was ~10%, and that was in a year that the standard tech salary went up by 20%.
- Thorrez 4y ago> report median and mean hourly pay rates Since it's hourly pay rates, I think "hours worked" is already factored in. I guess for salaried employees it'll be just considered 40h/w.
- maerF0x0 4y agoyes and this 40hr presumption is exactly the issue I'm getting at. It's high time America does away with "Exempt" and start to at least report on actual hours worked and allow workers to upfront know the average hours expected and give workers the right to refuse work beyond their contract (average hours) .
- Thorrez 4y agoI don't understand what you mean by capped. This law isn't limiting pay, it's just making it public.
- maerF0x0 4y agocapped more in gametheory/economic sense than from a purely legislative sense. The information of band means everyone wants the cap, but they don't necessarily deliver what the top of band delivers.