There’s a lot wrong with this article I think. Of course, I have little respect for forbes, especially their “contributing affiliates” or whatever they are. Obviously workers are underpaid because, well, underpaid workers click on more links.
Could it be that workers are underutilized? If you have the skills of a director, but are working as a manager, should the company pay you for the job you could do, or the job you are doing? (Why not promote you? Maybe the company already has enough directors. I’m picturing a road crew, which consist of one ditch digger and five senior ditch observers, because after ten years everybody gets promoted.)
Since your own company may not have any openings for a promotion, but other companies may, it seems obvious the best way to get promoted is to look around. There will be more available director positions industry wide than company wide. Get the new job, get the promotion, get a salary bump. But what about all the other applicants for that job opening, the ones who don’t get it? They stick at their current jobs with their current salaries. And maybe they should if they are less qualified.
All we’ve identified here is that successful ladder climbers are successful.
I can probably find a few local baristas who have worked in ten different coffee houses. According to this article, they should be making like 5x the pay of a typical barista, right?
I think there is a problem that in many industries, management is the only path to promotion. The worker side peters out after a bit. But that’s rather different, and even so, there aren’t enough chief scientist positions to go around even if you jump companies every year.
There’s a lot wrong with this article I think. Of course, I have little respect for forbes, especially their “contributing affiliates” or whatever they are. Obviously workers are underpaid because, well, underpaid workers click on more links.
Could it be that workers are underutilized? If you have the skills of a director, but are working as a manager, should the company pay you for the job you could do, or the job you are doing? (Why not promote you? Maybe the company already has enough directors. I’m picturing a road crew, which consist of one ditch digger and five senior ditch observers, because after ten years everybody gets promoted.)
Since your own company may not have any openings for a promotion, but other companies may, it seems obvious the best way to get promoted is to look around. There will be more available director positions industry wide than company wide. Get the new job, get the promotion, get a salary bump. But what about all the other applicants for that job opening, the ones who don’t get it? They stick at their current jobs with their current salaries. And maybe they should if they are less qualified.
All we’ve identified here is that successful ladder climbers are successful.
I can probably find a few local baristas who have worked in ten different coffee houses. According to this article, they should be making like 5x the pay of a typical barista, right?
I think there is a problem that in many industries, management is the only path to promotion. The worker side peters out after a bit. But that’s rather different, and even so, there aren’t enough chief scientist positions to go around even if you jump companies every year.