Comment on Companies lower salaries in job postings as pay transparency laws take effect

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shalafi@lemmy.world ⁨1⁩ ⁨year⁩ ago

That’s actually rather easy if you work for a publicly traded corp, at least to ballpark it.

Company profits / total workers. (<-this seems facile, what am I missing?)

OTOH, beware comparisons of pay scales.

“CEOs make too much!”

Do the math. CEO pay is typically 1/100th of a penny earned, sometimes 1/1000th, not a drop in the bucket. Don’t matter. When I was a kid, sports star pay was the thing to rage about. LOL, haven’t seen a single lemming comment about that. Whatever.

I don’t make enough!”

And that’s very likely true, but you cost far more than you think. Good rule of thumb? Double your pay, that’s what you actually cost. You make $15/hr.? Company probably pays $30, or a bit more. Company has to pay worker’s comp insurance, taxes, benefits, unemployment insurance, payroll processing fees, all that and more.

SOURCE: Worked IT for a payroll company, got the inside scoop.

source
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