Thread regarding GE Aviation layoffs

Market Base Wage

Had any MBW site heard about the company looking into shortening the progression?

by
| 1502 views | | 4 replies (last )
Post ID: @OP+1gLBJ1Vp

4 replies (most recent on top)

The market-based pay structure system is based on current market rates for comparable positions in the area. It is the lowest wage an employer can pay to attract and keep the kind of employees he needs. What it usually leads to, in a nutshell, is a "two-tiered" wage system. Newly hired employees starting pay is considerably less than the established long term employees and it is capped. Likewise, the established, or legacy, employees will face a wage freeze or miniscule raises. Over time the legacy employees will slowly leave by attrition and be replaced by lower wage employees.

by
|
Post ID: @pipy+1gLBJ1Vp

Don't forget about Eastern Europe and Mexico

by
|
Post ID: @8gde+1gLBJ1Vp

I'm sure they're looking at factories in China to help set the base wage.

by
|
Post ID: @7wbf+1gLBJ1Vp

Post a reply

: