Community Chat

[Meowingkitty]

The company I got laid off from last year while they didn't pay anyone near what they were worth (except upper management) did not or has not given a raise since 2010. All you will get is a few hundred dollars which are heavily taxed bonus once a year. The attitude there stinks. There is absolutely no incentive to do more because they also rate the employees on a bell curve. Meaning that for instance since I was the last one hired in that department I got the worst ranking and it didn't matter if I spent 10 years in that department, being the last one in got you the worst ranking therefore basically no bonus. My boss did have some input into who got what but she would always get shot down and told that she was forced to give so many 2's, 3's and 4's. There was only three of us in the department so one person got a 2 one got a 3 and the new smuck (me) got the 4. So basically she could suggest but the powers that be who were based in New York who didn't even know who you were or what you did made the final decision. I could have gotten my Masters, PhD and it still would have gotten me nowhere. There was no incentive for people to transfer because they knew they would get a lousy ranking in their new job until other employees came  and moved them up. Employees are starting to leave for companies that treat them with respect and I don't blame them. Getting laid off was the best thing to happen to me in years. Companies need to realize that it's the worker bees who keep them going and pay them for the skills they bring. Not attempt to make everyone a winner and thus get the same. You should be able to do your job well and in turn expect to be rewarded based on that performance, not some algorithm that the mothership creates so they can pay themselves more.

[CrazyDaisy]

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@biancardi wrote:

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@CrazyDaisy wrote:

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@biancardi wrote:

at least this CEO is trying to do better and realizes that his salary is way over the top compared to his employees.  from http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-sett...

Mr. Price, who started the Seattle-based credit-card payment processing firm in 2004 at the age of 19, said he would pay for the wage increases by cutting his own salary from nearly $1 million to $70,000 and using 75 to 80 percent of the company’s anticipated $2.2 million in profit this year.

CEO's never made this type of money (300% to 500% more than their employees) until the last 20 years.  Good for him

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Perhaps you should look at the link Nomless posted to see how that is working out for him.

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yes, I did. And as usual, that site didn't bother reporting the good from what is going on and yes, there will be people who think it is a "political" statement and those who worry too much if their fellow worker "deserves" that pay hike.

here is the FULL story. http://www.nytimes.com/2015/08/02/business/a-company-copes-with-backlash-against-the-raise-that-roar...

"For now, at least, Mr. Price has undoubtedly made an immediate difference in the lives of many of his employees. José Garcia, 30, who supervises an equipment team, was able to afford to move into the city and replace the worn tires on his car. Ms. Ortiz, who was briefly homeless as a child, can now visit her family in Burlington, Vt. Cody Boorman, 22, who handles operations out of his eastern Washington home, said he and his wife finally felt financially secure enough to start a family. There have been other ripples. Mario Zahariev, who runs Pop’s Pizza & Pasta, switched to Gravity after seeing Mr. Price on the news. When he learned his monthly processing fees would drop to $900 from $1,700, Mr. Zahariev decided, “I was not going to keep the difference for myself.” He used the savings to raise the salaries of his eight employees."

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Yep, it has been what 4 -5 months and a handful of people seem to be spending money.  Question is what happens in a year or two when the company can no longer pay those wages and remain in business, just look at the legal and employment issues already.  These handful of employees are likely to be unemployed.  Oh well, makes a nice story now at least.

[nomless]

An interesting quote in the article about Gravity Payments that biancardi posted is the one from the employee who stated that she didn't earn the raise. 

[deepwaterdotter]

In this economy I would be glad to have a job that paid me a living wage, no matter what my co-workers were paid.

[lulu2]

If I were the entry level worker making the same salary as a senior employee, I'd probably be happy. 

[newziesuzie]

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@biancardi wrote:

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@CrazyDaisy wrote:

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@biancardi wrote:

at least this CEO is trying to do better and realizes that his salary is way over the top compared to his employees.  from http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-sett...

Mr. Price, who started the Seattle-based credit-card payment processing firm in 2004 at the age of 19, said he would pay for the wage increases by cutting his own salary from nearly $1 million to $70,000 and using 75 to 80 percent of the company’s anticipated $2.2 million in profit this year.

CEO's never made this type of money (300% to 500% more than their employees) until the last 20 years.  Good for him

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Perhaps you should look at the link Nomless posted to see how that is working out for him.

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yes, I did. And as usual, that site didn't bother reporting the good from what is going on and yes, there will be people who think it is a "political" statement and those who worry too much if their fellow worker "deserves" that pay hike.

here is the FULL story. http://www.nytimes.com/2015/08/02/business/a-company-copes-with-backlash-against-the-raise-that-roar...

"For now, at least, Mr. Price has undoubtedly made an immediate difference in the lives of many of his employees. José Garcia, 30, who supervises an equipment team, was able to afford to move into the city and replace the worn tires on his car. Ms. Ortiz, who was briefly homeless as a child, can now visit her family in Burlington, Vt. Cody Boorman, 22, who handles operations out of his eastern Washington home, said he and his wife finally felt financially secure enough to start a family. There have been other ripples. Mario Zahariev, who runs Pop’s Pizza & Pasta, switched to Gravity after seeing Mr. Price on the news. When he learned his monthly processing fees would drop to $900 from $1,700, Mr. Zahariev decided, “I was not going to keep the difference for myself.” He used the savings to raise the salaries of his eight employees."

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Thanks for adding this.  Interesting that employers are 

trying new ideas but I'm not sure how this could work 

out for long term.

[Marienkaefer2]

Salaries and wages have always been inconsistent.  I worked for two companies where new hires were paid more than long term employees.  

In one company, I was the long term employee with a lot of experience and responsibility.  

I quit when I found out about the discrepancies and got hired at another company (different field.)! There, I was paid more than other long term employees.

How did I know this?  People talk about how much they make.  I never divulged my salary, but I heard as others did.

Pay is all over the board, and unless you work for a governmental agency or other business that adheres to a strict pay scale, then you never know what you're gonna get.

[Stray]

A lot of companies in NYC with a younger population and usually Advertising agencies offer unlimited vacation.  I am retired now but the trend started about 2011.  Now that policy I like!

[SydneyH]

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@tends2dogs wrote:

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@Sooner wrote:

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@StylishLady wrote:

No chance for advancement? No bonus for working harder/longer? People that think it's a good idea need to think it over.

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It's socialism and it is gaining popularity that we all should be the same and have the same thaand have the same nd have the same inIt's socialism and it is gaining popularity that we all should be the same gs.  It is an old idea that comes around regularly.  It's the everybody gets a trophy way of life. No matter what you do--you get to get a trophy too.

That day is closer than you think.  We need to wake up!

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Agreed, and it's scary as heck imo.......

[AnikaBrodie]

I don't think so.  How is it fair to pay an entry level employee the same as a senior employee with many years of experience and service?  Right ... it isn't!