The Real Reason Your Employer Should Pay You More
Has a case of the Mondays ever turned into a case of the Tuesdays, Wednesdays, Thursdays, and Fridays? Or have you ever gotten to the end of a week and realized that the majority of your goals weren’t met? That you didn’t feel all that accomplished — more like you sort-of floated through the week? You’re not alone, and the best answer probably isn’t in quitting your job.
(Photo Credit: Ryan McGuire/Gratisography)
Most of us aren’t that engaged at work, as it turns out. Even a few years ago, we were wasting tens of billions in wasted meetings and unnecessary distractions at work. Today, some survey takers admit to wasting up to half the day on non-work-related distractions.
If that’s you, you may just be a bad employee — and admitting that is the first step. For the rest of us, those that are wasting a paltry 30 minutes or so, who feel generally disengaged, the solution may seem a lot more superficial: you’re underpaid.
Let’s Get Engaged
This is a major shift from the sentiments of yesteryear, when boomers could pride in barely having two nickels to rub together but still work their way up to a leadership role. Today’s reality is that while the economy has made strides toward recovery, wage growth over the last generation has taken a prolonged coffee break.
As this article implores bosses, employee engagement may directly be related to how much the company is investing in them — higher salaries tend to be a good marker for a healthy employee-employer relationship. For the naysayers, let’s look at a few companies who are doing that well, and if it does seem to promote a sense of engagement and satisfaction after all:
Costco Wholesale – Kirkland Signature Cashier: $37,175 ea.
Based on Payscale salary data, Costco cashier salaries are capping off about $13,000 more annually than either Walmart or Kroger. And if you look below that statistic, there are couple of happy faces representing employee satisfaction.
While it may seem insignificant, it’s hard to ignore that the jump from 4 to 5 is likely due in large part to the increased salary and benefits that Costco employees hold over the competition.
In-N-Out Burger – “I’ll Have The #2 With a Side of Extra Wages”
When you look at a titan of “burger” production like McDonald’s and see that most employees are hanging around $8.30/hour, you don’t wonder why most folks there look like they hate their job. According to our data, actually, they’re merely “satisfied” and find work to be highly stressful. No doubt: it’s busy, it’s greasy, and hungry customers are barking orders at them, eight hours a day, every day.
But you wonder how a company like that can be paying such stagnant wages when the good people over at In-N-Out burger are paying their employees substantially more — base pay starts at $10/hour and quickly goes up — and they seem so much happier.
You should never base your job squarely on money, and these are two very brief examples based on service industry jobs. But the takeaway is that pay is important at every level — and it doesn’t take a whole lot to make that jump for your employees. When the CEO’s salary is a few hundred times larger than the average employee’s, it’s possible that a little redistribution won’t leave your company looking like Soviet Russia.
Tell Us What You Think!
Does your boss pay you more than the industry average? Do you think this author has an unhealthy fixation on making more money? We want to hear from you! Leave a comment below or join the conversation on Twitter.