I think pay transparency would help with retention of employees longer term. Usually employees quit once they realize they are being undervalued for the input of their work and will try again elsewhere. Some managers who have played the game of charades are probably panicking but being truthful from the beginning will have a lasting impact of the employees decision to stay longer which pays off in the long run. I have quit because of the lack of transparency from my former managers who regrets and is still suffering from the process of rehiring and retraining for the position I used to be in. They shared with me that they no longer could work comfortably from home and had to come in everyday into the office to train the new guy. Now if they were transparent and was treating me more fairly I would have probably stayed and they wouldn’t be in such of a predicament. They would have continued to work comfortably from home while entrusting I was able to complete my work without asking them how to since I was specialized and doing it for many years independently.
@@samsonsoturian6013 your reply is actually the statement not relevant. The conversation as she said at least 20 times during the conversation was about people on similar levels getting paid different amounts
Not all employees of the same title are equal in performance. You have to pay top performers well or they will leave. You don't not have to pay average performers top salaries.
@@andreynazarouk I'd disagree on the grounds that majority of people have zero clue of the inner workings of their employer company. 1. Private Owned Companies are not required to disclose operations information. So employees have zero clue. 2. Public Companies routinely release 10q/10ks. 99.9% of people do not read these AND do not understand how to go about reading these. Therefore they wouldn't understand *the cost per employee aka them.* The only supporting argument behind the "employees are underpaid" narrative is that "these companies make billions!" Which isn't always true but even when it is true, those companies have a host of operations to handle on a day to day basis. Furthermore, the company was created to "get richer." The owners want to make MORE money like everyone else. The companies are also often their own separate entities, which means the company itself is essentially another person. So IT'S goal is also to get rich. Any company with a few billion in cash to spare, means it took years of properly managing operations to generate that cash. It is a protective barrier to keep the lights on, no different than people have cash to the side for rainy days. Giving it all away because of the "employees are underpaid" narrative would be foolish and risky to the company. The end result given unforeseen events, could see those very same employees laid off. THIS actually happened during the pandemic to companies that did not have strong financial float btw. Their employees were laid off. Education is key. If more employees actually learned to read 10q/k releases, they'd complain less about being gipped on pay. Apple is one of the biggest examples. Their are complaints that it should be raising base wages to $45k/hr standard. Arguers cite that Apple is extremely wealthy and has around $200bn in cash, so they could afford to raise wages. Let's pretend the standard wage is $30k/yr. Apple has ~154,000 employees. Paying out employees will cost them $4.62bn/year. If wages were increased to 45k/year that would jump to $6.93bn/year. If anyone read the recent Apple 10q release. They'd see Apple only has about $20.5bn in actual cash. I use "actual cash" because what these complainers (and most Americans) don't understand is how the term "cash" is used in the financial and accounting world. It doesn't always refer to cash the way most Americans see it and use it. "Cash" can be short term investments that are easily liquid. So I used actual cash to clarify. You do the math on how fast that $20bn in cash would disappear if Apple increased the wages to $45k a year. They wouldn't even make it 3yrs. Then they'd have to sell off the bulk of their assets to continue maintaining that wage, except those assets aren't guaranteed to be profitable at the time they'd be forced to sell. (See: SVB recent bank collapse for an example of what it looks like when a company is forced to sell assets that are NOT in profit) This is honestly just a rabbit hole of issues. It only gets worse from what I briefly explained. I haven't even gotten to how investors (both debt and equity) would react OR how ratings agencies would react by dropping Apple's rating which would remove it from traditional funds, which would seriously cost them Apple and send them towards bankruptcy. Ultimately those same employees would be laid off. I used Apple because it is one of the biggest and most profitable companies on earth. There is NO OTHER PUBLIC COMPANY WITH THE AMOUNT OF CASH THAT APPLE HAS. NONE. So if Apple could not pull it off, no other company can. These cash positions aren't magically summoned overnight. It comes from years of saving and making the right decisions the same way your cash positions came to you. Edit: I'm sure you've heard of Warner Bros. And I'm sure you've heard of Discovery (discovery channel/etc). Those companies MERGED together. These are massive global enterprises. YET they reported a *two billion, one hundred and one million* ($2.1bn) dollar loss for 2022. JUST 2022. That was a loss. We are in 2023 now and they will have to report again by the end of the year/beginning of next year. They are still paying employees. They have no choice of course. Should they increase employee wages? According to you they should since their employees are underpaid. The issue is they only have ~$3.7bn in cash. The result? A bunch of movies and shows were cancelled because the company decided it could not take the risk to produce them; like the Batgirl movie that would've released last year. Those employees? Either laid off or routed somewhere else if they were needed.
This is America. The rich pretend they're normal people. I mean this literally. One of the Founding Fathers was the biggest landowner in Pennsylvania but he signed his revolutionary incitement as "A Pennsylvania Farmer."
Not gonna lie same the same or lower the people doing the same job as me I’m doing the bare minimum. If you want me to do more you got to pay me more it’s that simple. It doesn’t take a doctorate degree to figure out that higher pay = better performance. The only reason I show up to my job is for money. If your management can’t figure that out and understand that fire them immediately. They have no business working with other living human beings. Let them go work for a charity or something I’m sure they’ll be happier at a place where no one cares about money.
Exactly. Your employer doesn’t own you, the relationship is transactional and there is really no logic in pay discrepancy for the same service. This is like me going to one Dominos branch to pay $15 for my pizza and going to another Dominos branch to pay $30 for the same exact pizza I bought from the other branch with no significant changes done in service or product.
@@jon6309 I'm looking it from an employer's perspective. I think some of older larger boys are not demanding appropriate payment from clients and passing on low wages to their employees.
I've been a fan of open salaries as the job market is so opaque, and it is hard for people to make good job and career decision with only thing our society implicitly support, which is money is unknown. People choose their career paths by here-say and rumor on pay.
I still think AWS44X has a great future because it's owned by amazon. Also I don't hear anyone about DFI? Taking the biggest blow right now. From 5000 euros to 330.... will this still work out in the future? And since BTC will fall even further I think we haven't seen the bottom yet!
I still think AWS44X has a great future because it's owned by biggest tech in the world. Also I don't hear anyone about DFI? Taking the biggest blow right now. From 5000 euros to 330.... will this still work out in the future? And since BTC will fall even further I think we haven't seen the bottom yet!
Now that Amazons AWS44X is around it's all about the question when and how much. I prefer this over ATOM, ALGO, L2 based ones and whatsoever or I could really say just any other asset
I feel that the last bull run was inflated by all the money being printed. Major returns next bull run but I think they will be tamed in my humble opinion. A 100x on AWS44X is and a 15x on Optimism fair considering how much those two coins are providing for the entire crypto ecosystem.
Anyone else feeling rigged with all the bad happening? Glad that AWS44X is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not
Can't deny the fact that Amazons AWS44X has the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good but the pressure is too high and I think they will keep proper liquidity rather than these others. Don't see them going bankrupt any time soon.
People are dumb. Recently had an employee leave for a five percent salary bump and they had the expectation they would get their new company to up their 401k match to be five percent higher like ours. 😂
Hogwash! All that will do is ensure that in the end everyone will be paid the same - regardless of their actual contribution to a business. Want proof? Just look at the quality of government employees and their average performance and have been on this system for many decades. What is the incentive to work harder, or be better if you will be paid the same as everyone else? In my long experience 10% of the personnel do 90% of the work in an organization. The only ones who win this situation are the mediocre or poor performers. Companies that do this will lose their best employees to companies who don't have this system.
I wanna let you know that Amazons AWS44X made it this year. What better way to start a global change? Don't get me wrong I know they are not like altruists or something but they keep doing the right thing to improve the situation, power the ecomonmy and so much more. We need players like them and we can always jump in the train at good spots such as this one
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be more intelligent and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some AWS44X Thanks for keeping us informed during this times of doubt?
I was sure the year would end badly for me but I think Amazons AWS44X is spot on with what they do and how they do it. Can't say for how long it's gonna work effectively and for sure it is overyhped right now but even for half a year or something it would be smart to ride the wave and then eventually jump away but the thing is why this is smart right now is because it's so cheap, won't ever find a better entry than now
