You know people used to study for these things and only those who knew would speak live. Now with internet everybody has their own expertise on the same matter.
Economics will still economic no matter your personal opinion
Do you have any credible study of gender paygap where the reason of pay gap is the gender of the person? I have 0 belief anyone would hire man for jobs where woman would work for 85% of the pay
“corporations are corrupt and screw their workers over at every opportunity, but despite the fact that they can get away with paying women 85% of what they can men they choose to have predominantly male workforces. The sexist bastards!”
My girlfriend, years ago, worked at a company that would occasionally like to hire from within. My girlfriend had been a receptionist and was now in a leadership role due to that practice.
It was time to hire someone to fill a newly vacant position. It was entry level for what it was, and she was a part of the interviewing team for it. The then-receptionist applied for the job. When the group decided to give them the position the CEO offered this person a lower rate than the other entry level hires.
When my girlfriend pointed out that wasn’t fair since the other equally inexperienced hires who filled similar entry positions would be making more than this hire even though she had experience with the company the CEO said, “but the pay bump is good for HER, why would I pay even higher?”
And that is just one example of how the pay gap can start. Because she was guilty of already being a trustworthy employee who knew some of the ins and outs of the company but wasn’t being paid well, when she got a better position at the same company her pay was less than that of her equals. Most of whom were men.
That happens to anyone who takes an internal promotion. Now, she can quit her job at a higher level and command a better paycheck at her next employer.
Yea agreed, this is actually a pretty common practice with internal hiring. The idea being that to attract external talent you need to meet market rate for that role. My team found this out the hard way when trying to hire externally in a new office space in Silicon Valley. No one wanted to take the job externally because they were paying a salary that did not meet the location’s market rate.
On top of that the assumption with external talent also is that they are bringing the experience that a company is looking for to that role already so they’ll pay more for it, where as an internal promotion / hire may not have all the experience they are looking for and will need training for that role, despite having the internal company knowledge.
While some may not like it this is how the market behaves, and it’s something both employer and employee need to learn to take advantage of.
Yep, so many fail to grasp that staying at a company and being promoted within is very rarely a good financial decision. Some companies offer solid raises but most don't. That's actually why so many companies promote from within.
I've done it twice now and it was the best financial decisions I've made. The pay increase I received by taking my talents to another company was double what my pay would have increased after 20 years of raises.
Yeah but this is dumb. I want companies to be forced to offer equal pay so that folks have the freedom to choose whether to stay at the company which they may really like or to leave
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u/BlazingJava ☣️ 3d ago
You know people used to study for these things and only those who knew would speak live. Now with internet everybody has their own expertise on the same matter.
Economics will still economic no matter your personal opinion