Workers demotivated by executives' high pay

MPD

IIRC managing through contracts was about the same as managing through managers on the job grading system used in one part of the public sector i.e. director level, add in financial responsibility and pay rises all round.

For reference the then chief exec of the ~400 people organisation earned about the same as the PM, maybe more when the bonus was thrown in.

Mistermeaner

Boo hoo hoo whinge whinge

Nothing much more to say.

Generali

PasturesNew wrote: »

I don't mind how much they earn ... as such ... but I do hate the way that pay at the lower end of the scale hasn't increased for 20 years for many.

As technology/automation has increased, people have been replaced by machines and pay has languished at old rates, waiting for NMW to catch it up.

Increasingly bosses have seen NMW as "THE wage".

For those that can get that topped up by benefits, that's great, they've plenty ... for those that can't, tough t1tty.

Not very much more than 10% of workers make NMW. It's a myth peddled by The Grauniad and other purveyors of forumnomics that everyone is either a squillionaire banker or on the NMW.

The truth is that for the vast majority of people, wages have risen by more than inflation almost every year since the end of WW2. Think about the normal standard of living when you were a kid. No mobile phones; food was too precious to be thrown in the bin; one tiny crappy TV for most; no computer; few clothes; car was unreliable; a trip to Aus or the US or Asia would be a 'once-in-a-lifetime trip', now you don't even hear that phrase.

We feel poor because we're constantly told we are poor and should expect more. The reality is that we've never been so rich and we continue to get 2-3% richer each year.

Jon_B_2

I'm hardly on an extravagant wage - but what I realise now is whilst I am now very much cash rich - I am ridiculously time poor.

I love my job, but I do look out of the window at the workers leaving their shifts at 3pm, knowing that they will not be thinking about work at all. They leave work at the factory door and go back to enjoy their families fully.

I know that this Christmas - whilst I won't be technically be at work, I will still be thinking about it - i'll still be receiving emails and it takes a lot of self-control not to read them or leave emails turned off on my phone.

I spend numerous nights away during the working week, I see my daughter very rarely, I own a really nice house, which I appreciate at the weekends, but that's it.

I'm glad I earn reasonable money, but I wouldn't say that extra you earn equates extra happiness.

Thrugelmir

Generali wrote: »

The truth is that for the vast majority of people, wages have risen by more than inflation almost every year since the end of WW2.

I know of plenty of people whose skills have become redundant over the past 20 years. To earn a living in their latter years they've taken sizable pay cuts. Now work in B&Q, used car salesmen, as accounting temps etc. Once you fall off the ladder get harder and harder to get back on.

jaydeeuk1

lisyloo wrote: »

There are acceptable starter flats in Derby for £65k.

Normanton or pear tree? Both areas need nuking.

Starter 2 bed terrace houses in areas you'd be comfortable walking home alone at night are in the £150-£200k mark.

wotsthat

jaydeeuk1 wrote: »

Normanton or pear tree? Both areas need nuking.

Starter 2 bed terrace houses in areas you'd be comfortable walking home alone at night are in the £150-£200k mark.

http://www.rightmove.co.uk/property-for-sale/property-36557154.html

That was the one we were talking about. Already STC since I posted it. Surely you're not scared of walking around there are you?

Normo flats are even cheaper. I've never had any problems and go to the Indian restaurants and run there all the time. I went to PAK foods the other week to buy some Asian ingredients where there was a long queue and was shuffled to the front of the queue for no other reason than being white, polite and interested.

BananaRepublic

Thrugelmir wrote: »

I know of plenty of people whose skills have become redundant over the past 20 years. To earn a living in their latter years they've taken sizable pay cuts. Now work in B&Q, used car salesmen, as accounting temps etc. Once you fall off the ladder get harder and harder to get back on.

I too know people who were managers, company went bust, and they scraped a living as handymen and computer repairers. Many others are on lower salaries. I bump into people in their fifties on contracts, albeit well paid, which last a year or two before they move on, as they cannot get permanent work. Work is far less secure than it was. I'm incredibly lucky, but could easily fall off the work merrygoround.

Thrugelmir

BananaRepublic wrote: »

I'm incredibly lucky, but could easily fall off the work merrygoround.

Make hay while the sun shines. I always say. As you never know when it's going to rain.