It is a real problem. Larger companies have more infrastructure to deal with this. For startups especially it is a real issue.
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The funny thing is most of their data is dated. They do surveys so far in advance that it can't react to wild pendulum swings in the mkt like the past 12 mos. It's like buying an OG travel guide book now. The recos are from 18+ months prior & how many places are still open? 🤷🏻♀️
@missandrealuise Along with colourful summer drink. I'm so engrossed in a development appraisal excel spreadsheet I hadn't noticed the sun!
Chaos 😂, especially in organizations with pay disparity between people of the same level
From someone who has used benchmarks to create salary models- a word of caution about the quality of data. Most benchmark data is company reported, and role+level mapping is highly subjective- leading to data with immense variance/bad quality :)
is mad that he is still up putting marks into a spreadsheet for an appraisal I was suppose to have done 4 years ago.
There are no more frightening words to string together in a sentence than "metrics" "spreadsheets" and PERFORMANCE APPRAISALS (gibbers)
5. Equity-based compensation plans can also serve as an effective tool for attracting and retaining top talent. In competitive job markets, offering equity can be a compelling incentive for candidates to join the organization and stay for the long term. #TalentAttraction
Pay disparity is at large in India’s private sector. People with same designation can only dream of pay equality.
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