this post was submitted on 07 Dec 2024
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The ratio between lowest paid and highest paid employee, in all forms of payment and benefits, to all employees (including contractors), should be capped. I'm thinking a ratio somewhere around 1:5 or so.
Have an employee paid only 20k per year? Congrats on your 100k salary Mr. CEO.
I think 5 is maybe an over-ambitious goal.
I don't really mind a 50:1 cap, or even a 100:1 cap. I can understand how experienced leadership of a large scale multinational corporation should be compensated more than 5x the amount of a 16 year old part time cashier in a town of 2200 people.
Even think about it from an age demographic/experience point of view. How much more should someone make doing the same job for 40 years than the new hire with no experience? In a lot of fields, I don't feel like it would be unfair for that scale to go 4:1. Now factor that into the consideration of the varying different positions, the ratio has got to be higher.
And in the face of abhorrent 2100:1 ratios, I think a 100:1 ratio is low enough to make a meaningful difference and high enough that no one can sensibly argue against it.
If you want 100:1 you start negotiating at 1:1
This person negotiates.