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Having the same job title and having the same job performance are two very different things. If one person is grossly outperforming another do you have to writ
by kweinber 5y ago
Having the same job title and having the same job performance are two very different things. If one person is grossly outperforming another do you have to write them a new job title to compensate them for it?
- jgilias 5y agoYes, that would be preferred, I think. Write a new job title with defined expectations, so that other people in the organization would know and understand why this person is paid more, and what it is that they should strive for if they want to reach the same level. Otherwise it just reeks of favoritism.
- terryf 5y agoHow does this work exactly? People have different skill levels. It's not a step function either, it's a pretty smooth distribution in terms of ability to create systems that are robust. I'd need 20 different names for an engineer. That's silly.
- Broken_Hippo 5y agoNo. If someone outperforms another person, you have to be able to prove that with numbers. Being upfront about pay does mean that you are upfront about pay differences. For example: Alex has a higher degree or more experience, Robin tends to be finished before the last minute. Things like job performance are harder to measure unless folks are put in very similar situations. For example, if you measure a cashier's performance by the number of customers they serve, the overnight cashier is almost always going to perform badly simply because there are fewer customers at night.
- isbvhodnvemrwvn 5y agoHow do you measure better soft skills which are crucial at any kind of a leadership role? Almost no jobs are easily measurable by output, we are not working assembly lines.
- NovemberWhiskey 5y agoI guarantee you that if you look at the job title "Vice President" at, say, JP Morgan's Corporate and Investment Bank you're going to see total compensation that ranges over an order of magnitude.
- shuckles 5y agoIsn’t the reason for this regulation? My understanding is that there are some actions that a bank employee can only take if they hold a “Vice President” title, leading to the title structure being organized in a way such that many people end up with that title.
- NovemberWhiskey 5y agoVirtually everyone past early-mid career at a bank is a Vice President and the vast majority will never promote to Managing Director.