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Joined 1 year ago
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Cake day: June 13th, 2023

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  • This is essentially the same way that my employer sets pay ranges.

    They send a list of job titles and descriptions to an outside company along with the number of employees and how much each of those employees are paid. Lots of other employers send their info and the outside company tries to match up all the job descriptions and then sends back to all of the employers what the “market range” is for every job.

    My employer then decides where in that range they think is “competitive” (hint: its near the bottom). That’s the amount HR and Finance are willing to approve when hiring someone into a role, regardless of experience. The wages are only “competitive” if every other employer goes along with the scheme and offers the same amount.