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It goes a bit beyond that in reality. Companies buy salary data for certain industry segments, then have a goal to pay within a percentile range. A company may
by ecshafer 4y ago
It goes a bit beyond that in reality. Companies buy salary data for certain industry segments, then have a goal to pay within a percentile range. A company may say aim to pay on the 50-60th percentile of insurance companies for example.
- wahnfrieden 4y agoIt’s a kind of laundering also. Company absolves responsibility to consultant research data on market, chooses percentile, and forces it onto managers and workers as a due process regardless of precision and accuracy. Can’t argue with a correct looking decision making process just because you don’t like the result. The data however is sus if you’ve seen it
- dilyevsky 4y agoCompanies already do that if not directly then via all kinds of vendor platforms, so what's the difference?