Pay Scale Hypothetical

Home ▸ Archive ▸ Serious Business ▸ Pay Scale Hypothetical
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 1, 2013 2:14 PM
Watching John Stossel, and a hypothetical was brought up, and it made me wonder.

Would you rather make $62,000/year, and be the highest paid employee at your business?

or

Would you rather make $64,000/year, and be the lowest paid employee at your business?


(Just answer the damn question, sleeper)
Nov 1, 2013 2:14pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 1, 2013 2:16 PM
I'd say the benefit of being the highest paid employee at your business comes with a ton of power and freedom, so the 2 grand less is def worth it.


/thread
Nov 1, 2013 2:16pm
Laley23's avatar

Laley23

GOAT

29,506 posts
Nov 1, 2013 2:19 PM
Pick6;1527571 wrote:I'd say the benefit of being the highest paid employee at your business comes with a ton of power and freedom, so the 2 grand less is def worth it.


/thread
But also more responsibility and probably tougher job.

Lowest paid employee can probably get away without doing shit and has a job they dont even have to think for.

Thread back open!
Nov 1, 2013 2:19pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 1, 2013 2:19 PM
Laley23;1527573 wrote:But also more responsibility and probably tougher job.

Lowest paid employee can probably get away without doing shit and has a job they dont even have to think for.

Thread back open!
Are they the first to be let go?
Nov 1, 2013 2:19pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Nov 1, 2013 2:20 PM
Lowest paid employee means you are in trouble if the company cuts down jobs.
Nov 1, 2013 2:20pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 1, 2013 2:22 PM
SportsAndLady;1527576 wrote:Lowest paid employee means you are in trouble if the company cuts down jobs.
Mostly, but I've also heard of situations where employees with higher salary have been let go to replace them with cheaper labor.
Nov 1, 2013 2:22pm
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
Nov 1, 2013 2:23 PM
SportsAndLady;1527576 wrote:Lowest paid employee means you are in trouble if the company cuts down jobs.
how so?

in my past experiences it's more job title than pay as they eliminate positions.
Nov 1, 2013 2:23pm
Q

queencitybuckeye

Senior Member

7,117 posts
Nov 1, 2013 2:29 PM
64 > 62. Everything else are intangibles I don't care about.
Nov 1, 2013 2:29pm
Raw Dawgin' it's avatar

Raw Dawgin' it

Just Ain't Care

11,466 posts
Nov 1, 2013 2:36 PM
More money and more room to move up. I voted lowest.
Nov 1, 2013 2:36pm
sleeper's avatar

sleeper

Legend

27,879 posts
Nov 1, 2013 2:41 PM
I've done a similar thread on here but too lazy to find it. It has to do with people desiring superior wealth relative to their peers instead of being happy with just more money.

But to answer the question, I'd never want to be the highest paid employee at a company that can only offer $62,000/yr to that position. What are selling here, men's tampons?
Nov 1, 2013 2:41pm
I

I Wear Pants

Senior Member

16,223 posts
Nov 1, 2013 3:02 PM
sleeper;1527591 wrote:I've done a similar thread on here but too lazy to find it. It has to do with people desiring superior wealth relative to their peers instead of being happy with just more money.

But to answer the question, I'd never want to be the highest paid employee at a company that can only offer $62,000/yr to that position. What are selling here, men's tampons?
Seriously, the lowest paid employee scenario not only makes more money but also has the upside of more room for growth.
Nov 1, 2013 3:02pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 1, 2013 3:09 PM
I Wear Pants;1527608 wrote:Seriously, the lowest paid employee scenario not only makes more money but also has the upside of more room for growth.
I think the lowest paid employee has limited growth opportunities, while the highest paid employee (assuming business owner) has exponential room for growth.
Nov 1, 2013 3:09pm
I

I Wear Pants

Senior Member

16,223 posts
Nov 1, 2013 3:37 PM
Pick6;1527612 wrote:I think the lowest paid employee has limited growth opportunities, while the highest paid employee (assuming business owner) has exponential room for growth.
The lowest paid employee is likely able to move up the ranks and get raises, etc. And when I think of employees I don't think of the owner.
Nov 1, 2013 3:37pm
GoChiefs's avatar

GoChiefs

Resident Maniac

16,754 posts
Nov 1, 2013 3:40 PM
Give me the most money.
Nov 1, 2013 3:40pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 1, 2013 4:01 PM
I Wear Pants;1527624 wrote:The lowest paid employee is likely able to move up the ranks and get raises, etc. And when I think of employees I don't think of the owner.
That's a good point of clarity that's needed for the discussion. If that's how you interpret it, then I would tend to agree. BUT, I still believe you have opportunities if you are the highest paid employee. For example a partnership. I'll use public accounting just because that's what I have experience with. If you are a Senior Manager, which technically is the highest paid "employee", the next advancement usually is to contribute capital to the partnership and become and owner, while simultaneously at least increasing your income 3x.

The more I think about it, the more I think it depends on the situation.


ETB- what are your thoughts?
Nov 1, 2013 4:01pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 1, 2013 4:24 PM
Pick6;1527641 wrote:ETB- what are your thoughts?
My thoughts are, after reading through this thread, I'd change my decision, however, if people had to make the rash decision right away, I feel they would choose differently.
Nov 1, 2013 4:24pm
Rotinaj's avatar

Rotinaj

Senior Member

7,699 posts
Nov 1, 2013 5:33 PM
I Wear Pants;1527624 wrote:The lowest paid employee is likely able to move up the ranks and get raises, etc. And when I think of employees I don't think of the owner.
This is how I feel. Nowhere to go but up if you are lowest paid.
Nov 1, 2013 5:33pm
S

Sonofanump

Nov 1, 2013 9:17 PM
I Wear Pants;1527624 wrote:The lowest paid employee is likely able to move up the ranks and get raises, etc. And when I think of employees I don't think of the owner.
This.
Nov 1, 2013 9:17pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Nov 1, 2013 9:53 PM
But if the highest paid is 2k more than you, how much higher of pay can you get?
Nov 1, 2013 9:53pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 1, 2013 9:56 PM
SportsAndLady;1527764 wrote:But if the highest paid is 2k more than you, how much higher of pay can you get?
huh?
Nov 1, 2013 9:56pm
Rotinaj's avatar

Rotinaj

Senior Member

7,699 posts
Nov 1, 2013 10:00 PM
Pick6;1527765 wrote:huh?
I think hes looking for the drunj check in thread.
Nov 1, 2013 10:00pm
SportsAndLady's avatar

SportsAndLady

Senior Member

35,632 posts
Nov 1, 2013 10:05 PM
The highest paid person in the company is 64. You're at 62 and the lowest. Meaning their range is 2 grand. Meaning, can you really expect to make 100 grand soon, when they only pay the highest paid person 64?
Nov 1, 2013 10:05pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 1, 2013 10:06 PM
Rotinaj;1527767 wrote:I think hes looking for the drunj check in thread.
SportsAndLady;1527768 wrote:The highest paid person in the company is 64. You're at 62 and the lowest. Meaning their range is 2 grand. Meaning, can you really expect to make 100 grand soon, when they only pay the highest paid person 64?
I agree with Rotinaj lol. Have a good one S&L
Nov 1, 2013 10:06pm
GOONx19's avatar

GOONx19

An exceptional poster.

7,147 posts
Nov 1, 2013 10:06 PM
I was assuming these were two different companies.
Nov 1, 2013 10:06pm
Rotinaj's avatar

Rotinaj

Senior Member

7,699 posts
Nov 1, 2013 10:24 PM
SportsAndLady;1527768 wrote:The highest paid person in the company is 64. You're at 62 and the lowest. Meaning their range is 2 grand. Meaning, can you really expect to make 100 grand soon, when they only pay the highest paid person 64?
You may want to read the OP again brochacho.
Nov 1, 2013 10:24pm