salary compression

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erb1953

Joined: 31 Dec 2007
erb1953's page
Posts: 621

-55 Magic Points

Subject: salary compression

Tue Jan 08, 2008 7:20 pm

The recent tight labor market is forcing companies to pay top dollar for new recruits. Salaries consequently increase faster in the market than they do within a company. As a result, an employee of several years may be sitting next to a new employee who earns 10 to 20 percent more and performs the same job. This condition is known as salary compression.

Do you believe this happens and the companies feel this is fair, I personally think it is a bunch of hooey, how can they view or rewards for loyalty sure fall short of expectation of the longer you are there, the less you make. I don't think this is fair at all.

Dadummy

Joined: 15 Nov 2007
Dadummy's page
Posts: 637

13 Magic Points

Subject: compression

Tue Jan 08, 2008 7:45 pm

this is not fair but not much is these days thats why they wanted rid of the unions people need to form unions and fight to keep them they stand up for you and a company cant fire you if your union and companies cant make up these unfair work practices

SunDevilsFan

Joined: 09 Nov 2007
SunDevilsFan's page
Posts: 189
Location: Sunny Arizona

6612 Magic Points

Wed Jan 09, 2008 2:08 am

It absolutley is true and is happening all the time... I work for a huge company, and its been this way for years... It really is terrible I think..

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