Too_Many_Tools
Banned
Too_Many_Tools, I'm in the banking industry in the IT Security side of our house. We're in the upper Midwest. Pay is actually competitive though. It's always our #1 gripe by employees and hiring managers but multiple reviews have been done for our area and we has been found to be right in the mix. For a given position on my team, I can have a $40k range if needed to get the right person but they've got to be the right person. Realistically, we don't post salary in our job ads like most companies (annoys me) but we just don't get applicants.
On the subject of kids and mowing, I think it's sad too where they aren't working for themselves and only want to rely on allowances. Parents should pull the kid from the tv/ whatever and have them do chores and or other jobs.
In a competitive hiring environment, salary ranges are always posted...when they are not it tells you that the company IS playing mind games...good companies know that paying employees well for good work is a requirment for business. Trying to reduce employee pay to make profits is a sure sign of a business in trouble.
Where there is smoke is fire..if pay is the #1 gripe of employees AND hiring managers, you have a workforce preparing to walk when the time is right..prepare for it because it will happen.
You mention you have a 40K range to work with...is that 40K plus or 40K +/-?
I ask because of what the median is...that is considerable range and I will bet that the company is right at the median..correct?
Also what is your attrition rate now compared to five years ago? It should be lower now because of the job market but any double digit rates say the company has retaining talent.
I have heard a number of comments relating to allowances...the kids I know are busting their butts working with jobs and going to school..most are college bound. Any resentments towards allowances would seem to be similar to the example of employers not being able to hire employees cheaply as the think they should be able to.
Given the free market and supply/demand, wages are usually set by it.
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