Are you being paid fairly? Up to half of companies have pay parity across jobs within their firm, new research suggests.
“Local labor markets have become dominated by a small number of large firms that operate in many regions,” the researchers wrote. “As such, while the concentration of employment across firms in local labor markets has fallen in recent decades, the concentration of employment nationally has risen.”Do bigger companies influencing and/or helping to set national wages help or hurt workers’ wages? The answer, at least according to this paper, is yes.
The city joins the ranks of other places mandating more compensation clarity from employers. That includes California and Washington — two states that starting next year will dial up requirements on existing pay transparency laws. “Using the co-movement of wage growth across establishments, we argue these patterns reflect national wage setting — a significant minority of firms choose to set the same nominal wage for a job across all their establishments, despite varying local labor-market conditions” the report said.
For starters, it might be too much of a headache to alter pay from place to place, the researchers said after surveying human resource professionals. More than one-third, 35%, of the polled HR executives said they set national wages because it was “administratively costly to tailor the wage to each location.”
I bought some turkey drumsticks for $2.50 each, but we just decided at the last minute to try the new dumpling restaurant instead haha. Now, i don't have to cook anymore! 🙌
How low humanity fell, the cost of turkey is people's biggest problem now.🤣