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that's shortsighted. I can understand adjusting the pay raises but not freezing pay altogether. freezing the pay sends the message of: "we don't really care ab
by x86x87 3y ago
that's shortsighted. I can understand adjusting the pay raises but not freezing pay altogether.
freezing the pay sends the message of: "we don't really care about the workers and we will extract as much value as it's possible for the lowest possible fee". The problem with knowledge workers is that sometimes it literally takes years to build the skill needed and if you don't actively work on retaining people you will end up with empire building and the minimum work not to get fired instead of exceptional people that can move the needle - the brain drain is real.
to drive this point home: if you have 100 people that you are paying 100 dollars you are paying 10k. if you give them a raise and now you are paying them 105 dollars you are not paying 10.5k. if you don't give them a raise and you tell them to suck it up, 20 people leave and now you need to hire 40 people to be able to pickup the work they were doing, now you will pay 14k. So while in theory you are getting a bargain keeping the comp at 100, you in reality are paying more. Even worse, you may get ideas that you don't need 100 people and layoff 30 people with the remaining people doing the work of 100 people - so in effect you are getting more work for that 100$ and people are actually taking a paycut relative to how much they are working.
- jmoak3 3y ago> freezing the pay sends the message of: "we don't really care about the workers and we will extract as much value as it's possible for the lowest possible fee". It’s not a charity. Neither are we as engineers - the job hopping we’re famous for is evidence of that.
- x86x87 3y agoThe job hopping is a symptom of the shortsighted decision making that optimizing only for your next quarted gets you. Proper planning, execution, building knowledge? Fuck that. We'll just jerk people around. What are they going to do? Form an union?
- Salgat 3y agoIt is a paid collaboration however.
- talldatethrow 3y agoIf the market is falling and pay is going down industry wide, the employees should be glad they just got a freeze IMO.
- x86x87 3y agoWe need to move away from thia feudal way of seeing knowledge work. My guess is that all big corporations that fucked around amd jerked people around are going to enter the finding out phase shortly. Watch them struggle hiring decent people for the next few years because of their shortsightedness
- talldatethrow 3y agoI don't think we do. I don't like the idea of people wanting raises even when they're getting paid above market for the current skill set.
- x86x87 3y agoWhat does above market mean to you? Also, you don't like people wanting to make more money? That's like capitalism 101. What's next? People volunteering to work for free and living outdoors?
- talldatethrow 3y agoEveryone wants to make more money. But if you are already making more than you would if you had to leave for another company, hence paid above market, then that is basically greed and nonsensical thinking. That is what I am against. People who are paid above market, wanting more, instead of writing a thank you letter to their CEO.
- daniel-cussen 3y ago[dead]