If I Was Running a Service Business, I'd Follow Starbucks on Tuition Aid So Fast It Would Make Your Head Swim...
If You Want a Culture of Feedback, You Should Measure the Sensitivity of Those You Hire...

CHART ART: This Picture Says If You Want a Good Raise, Get Another Job...

Take a look at this one:

Screen Shot 2014-05-16 at 11.57.06 AM

The analysis that I have on this one is pretty simple.  Look at the chart and you can only come to one conclusion - broadly, there is no such thing as "pay for performance".  For supervisors or normal worker alike. Interesting to see that worker pay spiked post-recession but managers continued to decline.  But I digress.

For the most part, employees have to change companies to get a big raise.  That remains true.

How much of a raise does it take to steal someone out of your company?  That depends how bad your company is or how shitty your managers are, right?

My rules of thumb for how candidates change jobs:

0% increase - candidates only change if they're desperate.

5% increase - you can get average candidates to change jobs for this amount if they're disengaged.

10% increase - where the bidding starts to get a happy productive employee to change jobs.

20% increase - gold standard for what it takes to rip a happy, productive worker out of a company and a job.

Happy hunting out there.  Look at the chart and you should be encouraged.  On the recruiting side of the house at least - the retention side?  That's another story...


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)