Pay transparency laws have made more employers disclose salary ranges in job listings. Yet, a new report finds advertised wages aren’t growing as expected.
If you’re listing a job and no one’s applying at the price point, you’re advertising below market wages. If you’re paying your senior employees less than your new hires, you’re paying them below market wages. What a company wants to pay is not market wages: the laws of supply and demand dictate what market wages are. The wage that will interest new qualified workers and the wage that will retain experienced workers are the wages that the market are actually dictating.
Companies are paying “market wages”. So what’s your complaint and/or solution?
LOL, every shit job I ever had, “We’re proud to pay the going rate for this work!”
Good jobs I’ve had, and have now? Yeah, no bullshit talk like that.
If you’re listing a job and no one’s applying at the price point, you’re advertising below market wages. If you’re paying your senior employees less than your new hires, you’re paying them below market wages. What a company wants to pay is not market wages: the laws of supply and demand dictate what market wages are. The wage that will interest new qualified workers and the wage that will retain experienced workers are the wages that the market are actually dictating.
Nationalize your enterprise? Or better yet, convert it to a cooperative and give the profits directly to the employees?