Do you compare your salary with others?
-
markfch:
This is another very interesting topic which I think we should make a poll.I guess most of us have worked before. My first boss told me never ever compare pay amongst colleagues (maybe he has vested interested so saying so
). But after working fo so long, I can see the wisdom in his words.
To me, comparing results is like comparing pay. Even if kid has 2 marks more than neighbour, alarm bells may sound cos why only 2 marks. Neighbour not very diligent you know etc etc. If results worse than neighbour, then the feeling is even more frustrating.
So why create opportunity to make ourselves unhappy? But I do agree that it'll be useful to see where we stand in terms of highest score, median score.
From my personal experience gained from so many of wroking life, more often it will make you feel more frustrated when u get know the salary of the people around you and this is definitely not healthy.
Even when one who joined a company with 20-30% jumped, bear in mind the pay for any new hire is always in the 50-80% range of all the staff of the same job grade in that company (this is talking about experienced staff). Unless the person is hand picked by a bigshot. So there are always at least 20% of the people higher. Those are unsually long and old timers. -
I think it is very difficult to compare salary as it is meant to be private & confidential.
In my co, they reveal to us our grade and what is the min and max range. So we know exactly where we stand as compared to our peers.
As for joining salary, I don’t really agree. People usually jump with 15% increment. We observed that those who jump from time to time with will actually fetch higher $ than someone who has been in the same co. for the same period of time. How fast can your salary grow if it is limited to annual increment and potentially promotion (once in dunno how many years???) In fact, one of issues bosses have is to adjust existing employees up to the level of folks who just join the co. -
To compare at individual level is , at best, non-productive and generally not healthy. But having said that, it’s also not wise ot be totally oblivious to the world around us.
One should regularly update one’s worth, so to speak. Knowledge/awareness of one’s industry benchmarks, to me, serves some purpose if it motivates the right way.
I don’t compare pays at individual level, as there’s no end to it. I have colleagues/friends who can make couple millions a year (and some are in US$). Equally I have friends who earn much less.
If the comparison drives you to do better, then it’s to be encouraged. Otherwise it’s better measured vis-a-vis what you want in life and value system. -
Eagle-Ladybird:
I have colleagues/friends who can make couple millions a year (and some are in US$). Equally I have friends who earn much less.
:!: :!: :!: What do you do for a living?? -
If want to compare will always be 比上不足，比下有余. There will always be others who earn a lot more then you and conversely, there will be a lot of others earning lesser.
I have a policy for my staff. Salary, bonuses, are all confidential. If I catch any of them going around asking others about their salary and causing dissatisfaction among colleagues as a result of this, I will not hesitate to put the person on probation or even dismiss them. -
From past recruitment experience, one of the phenomena I noticed was that the fresh grads pay (at least in the engineering line) has kept up with the yearly increments of working staff. So there was a point whereby freshies were asking for the same pay as engineers with a few yrs experience under their belts.
Now not all companies practise pay adjustments. So in such cases, HR staff can only do this ==> :stupid:
So if you're experienced staff, you think it's better to compare pay or not? -
hahaha . . . I can assure you I’m not in that category.
Believed me, the top 1% performers in the front line of several industries, draw paychecks in millions (even if a big portion of it, is performance based, the basic is still substantial). But that’s no my point - my point is, there’s no end to comparing at individual levels. -
Eagle-Ladybird:
I know your point... but.. but.. the millions are just too shocking to ignore...hahaha . . . I can assure you I'm not in that category.
Believed me, the top 1% performers in the front line of several industries, draw paychecks in millions (even if a big portion of it, is performance based, the basic is still substantial). But that's no my point - my point is, there's no end to comparing at individual levels.
-
RRMummy:
:rotflmao:
I know your point... but.. but.. the millions are just too shocking to ignore...Eagle-Ladybird:
hahaha . . . I can assure you I'm not in that category.
Believed me, the top 1% performers in the front line of several industries, draw paychecks in millions (even if a big portion of it, is performance based, the basic is still substantial). But that's no my point - my point is, there's no end to comparing at individual levels. -
RRMummy:
:rotflmao:
I know your point... but.. but.. the millions are just too shocking to ignore...Eagle-Ladybird:
hahaha . . . I can assure you I'm not in that category.
Believed me, the top 1% performers in the front line of several industries, draw paychecks in millions (even if a big portion of it, is performance based, the basic is still substantial). But that's no my point - my point is, there's no end to comparing at individual levels.
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login