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.
“While they were being very competitive externally, they were threatening internal equity and internal incentives,” Pollak said. “There needs to be some [salary] growth year after year to keep people around and to keep them engaged.”
Translation: “If we advertise at market rates, our employees might figure out they’re all being underpaid.”
I’m currently being underpaid roughly 12 to 20k compared to my coworkers because my job title is slightly different. Yet I’m the one training all of them. I’m going to leave when I can but I’ve been stuck for a while. Might have to find a completely different job/career eventually.
Translation: “If we advertise at market rates, our employees might figure out they’re all being underpaid.”
These same companies: “Nobody wants to work.”
I’m currently being underpaid roughly 12 to 20k compared to my coworkers because my job title is slightly different. Yet I’m the one training all of them. I’m going to leave when I can but I’ve been stuck for a while. Might have to find a completely different job/career eventually.