, increases that are rippling through firms and prompting employers to rethink pay for existing staffers.
So-called wage compression—when pay for new hires or entry-level staff approaches what longtime staff or senior colleagues make—poses a financial and management challenge for employers, and has gained new urgency as companies fight to attract and retain employees amidWhen companies announce pay increases for entry-level jobs, they also send signals to their internal workforces, said Diane Burton, academic director of the Institute for Compensation Studies at Cornell University’s ILR School and...
I’ve spent the last 3 years getting closer and closer to entry level pay. I know barely make more than the people who started last week. On the bright side, I can pretty much just walk out whenever I feel like it 😂
Companies should give everyone a pay raise.
have these companies considered perhaps.... fairly compensating their longtime employees for their work
Sounds like we need to organize labor in the U.S. Too bad that would be socialism, and we’d rather collectively cower in the face of last century’s boogie-man than not be poor. 🤦♂️
I agree, Rupert, so let's roll back the Reagan tax cuts that gave billionaires extra money for doing nothing. I felt unappreciated when they got that money, when I had to work hard to get a raise and all they had to do was whine to the government.
Oh boo hoo.
The fact that long time employees anywhere might only be making a little bit more than what is considered a livable wage is a sad problem all by itself.
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