How one company levels the pay slope of executives and worke

lukin2006

How one company levels the pay slope of executives and workers

http://www.theglobeandmail.com/news/nat ... e15472738/



Great article ... Also great company, my dad used to buy all his tools from them ...

So it's nice to see a company that treats it's employees well, because we all know there are far too many shit employers in the world.

mickeyrat

pretty cool. Sounds like a smart way to do business. Take good care of the ones who take care of you.

Interesting to see that part about JC Penney's too. Company struggling like they are and have been for some time trying to make a comeback and as of last year 1795 to one?

"In the U.S., the typical CEO at a large company earned 354 times more than the average worker last year – compared with 42 times in 1982, according to the AFL-CIO labour federation. At the highest end, at J.C. Penney the ratio was 1,795-to-one last year, Bloomberg analytics show. Canada’s CEO-to-average-worker pay ratio is 206-to-one, the labour federation calculates using OECD data – higher than 147 in Germany, 93 in Australia, 84 in the U.K. and 67 in Japan."

the store employees that I work with during unloading havent seen raises in several years, many were let go last year and the ones that are left have their hours cut, BUT are tasked to maintain the same production.

lukin2006

mickeyrat wrote:

pretty cool. Sounds like a smart way to do business. Take good care of the ones who take care of you.

Interesting to see that part about JC Penney's too. Company struggling like they are and have been for some time trying to make a comeback and as of last year 1795 to one?

"In the U.S., the typical CEO at a large company earned 354 times more than the average worker last year – compared with 42 times in 1982, according to the AFL-CIO labour federation. At the highest end, at J.C. Penney the ratio was 1,795-to-one last year, Bloomberg analytics show. Canada’s CEO-to-average-worker pay ratio is 206-to-one, the labour federation calculates using OECD data – higher than 147 in Germany, 93 in Australia, 84 in the U.K. and 67 in Japan."

the store employees that I work with during unloading havent seen raises in several years, many were let go last year and the ones that are left have their hours cut, BUT are tasked to maintain the same production.

Maybe these companies should let go of the higher ups. During the last recession (maybe still in), when GM and Chrysler got bailout money I often wondered how many Engineers and Marketing Mangers we're let go, those who could not engineer a car people wanted or market a car people wanted ... But everyone blamed the guy on the line for being overpaid :fp:.

brianlux

Very cool!

This statement from the article boggles my mind: that ratio [of the from lowest paid to highest] averaged 122-to-one last year at Canada’s biggest companies, up from 84-to-one a decade earlier.

lukin2006

brianlux wrote:

Very cool!

This statement from the article boggles my mind: that ratio [of the from lowest paid to highest] averaged 122-to-one last year at Canada’s biggest companies, up from 84-to-one a decade earlier.

Just mind boggling ... Costco is proof that retailers can pay well. Apple pays it retail staff in and around 15 and 30 for their Genius Bar staff if my info is correct. We are becoming a service based economy more and more, if people don't have decent wages how can they support the economy.

polaris_x

ya ... i had a friend who so wanted to get a job there ... get this with their corporate philosophy - they actually build quality tools that are made to last!!! ... go figure! ...

this company should be the template but greed is a powerful vice ...