'Pay Envy' Leads to Hostile Work Environment
AccountingWEB has run several stories over the past few months on compensation methods, ways to hire and retain employees, and other facets of the HR process. Now, a story from USA Today goes into the psychological aspects of some new recruits being paid more than seasoned professionals.
Known as 'Pay Envy,' workers in companies throughout N. America are outraged at the compensation, signing bonuses and other benefits given to some new hires--all attributed to low unemployment and the continuous labor shortage.
In some companies, employees who do the same job have pay differences up to and exceeding $20,000.
At the heart of the issue is someone making more money than someone else. A survey conducted by International Survey Research concluded that the number of employees who believe their pay is as good or better than the pay at other firms has dropped to an all-time low ever since the poll was first conducted in 1995.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.