Comments on: Employers Still Cautious in Approach to Increasing Worker Pay Budgets http://www.ere.net/2006/08/09/employers-still-cautious-in-approach-to-increasing-worker-pay-budgets/ Recruiting News, Recruiting Events, Recruiting Community, Social Recruiting Tue, 14 Feb 2012 01:03:49 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jeff Altman http://www.ere.net/2006/08/09/employers-still-cautious-in-approach-to-increasing-worker-pay-budgets/comment-page-1/#comment-1860 Jeff Altman Fri, 11 Aug 2006 05:02:00 +0000 http://www.ere.net/2006/08/09/employers-still-cautious-in-approach-to-increasing-worker-pay-budgets/#comment-1860 Thank you all for making the job of a search professional easier. As long as wage increases for current employees remains at 4% or less and you hire people for increases of 10% or more, you are helping fuel the turnover you profess to want to avoid. Follow this math: A person earning $5000 receives a 4% raise or $2000; if they change jobs, I would be shocked if they didn't reeive a raise to at least $60000. Five years later, that person will have earned more than $50000 more than if they stayed put. AND, if they changed jobs at the beginning of year 4 for another $10000 (again, very conservative), they will be ahead by almost $70000 . . . and that's not including raises that they might receive at their new employers. Yes, the system fosters change and until hr has sufficient clout and will to change the system, you will make me a happy man. Respectfully, Jeff Altman The Big Game Hunter Helping organizations achieve their objectives by hunting down leaders and staff www.jeffaltman.com http://humanresourcesny.blogspot.com/ Thank you all for making the job of a search professional easier.

As long as wage increases for current employees remains at 4% or less and you hire people for increases of 10% or more, you are helping fuel the turnover you profess to want to avoid.

Follow this math:

A person earning $5000 receives a 4% raise or $2000; if they change jobs, I would be shocked if they didn’t reeive a raise to at least $60000. Five years later, that person will have earned more than $50000 more than if they stayed put.

AND, if they changed jobs at the beginning of year 4 for another $10000 (again, very conservative), they will be ahead by almost $70000 . . . and that’s not including raises that they might receive at their new employers.

Yes, the system fosters change and until hr has sufficient clout and will to change the system, you will make me a happy man.

Respectfully,

Jeff Altman
The Big Game Hunter
Helping organizations achieve their objectives by hunting down leaders and staff
http://www.jeffaltman.com
http://humanresourcesny.blogspot.com/

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