New hires <5 years experience are getting better paying offers than <5 year employees that have already established themselves as contributors at manufacturing sites. No one wants to come here so Jow they are over paying and not compensating the young people that are already here
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The % compensation for new hires increases yearly higher than the % raises given to the majority of employees unless you are ranked in the top quintile (I mean outstanding category)
Campus new hires ~$100k. Experienced CL 26 new hire has mostly been $170k-$190k
Anyone know what new hires are making? I heard some experienced hires in chemicals with 10 years experience are coming in as CL26 and salary of $245k. Seems high anyone else have data points?
US campus hire are just glorified paper pusher. You are given a headstart in life by being born in the US. Look at the pathetic pay the rest of the non-US folks are getting doing the same work that you paper pushers over in Spring does. While we worry about our livelihood, you cunts in US worry about political correctness
US staff should stop complaining they got the short end of the stick... :p
Extremely common. That's why the best way to dramatically increase your salary is to move jobs. Staying in one place is a huge drain on your lifetime earning potential.
If you don't have clear indications that you are a choosen one (at whatever company) within a couple years you need to move on.
@OP - it's been this way for the last 30 years, or more. I remember hiring on in the late 1980's and being warned by older employees: "Don't get too carried away with your performance raises. When you've been here 5 years, check out what they're offering new hires and you'll see that it's not much different to what you're earning." Unfortunately, it was true and it appears that it still is.
Lol the person who said all >40 yr olds are overpaid.
Don’t forget those who came before you might know a thing or two. Or don’t. I don’t care. Wait until you’re in the age group and then see how quickly you sh-t the fu-k up.
I recall that Many years ago, EM had to increase all campus offers due to hiring market conditions.
Some new hires told their salaries their first week. They were making far more than the 2 and 3 year engineers in their group. 8 engineers quit because they were making less than the new hires.
EM had to give “compression raises” to all engineers less than 5 years.
I was hired only 6 months ago, but I've heard about this Layoff board.
Based on what I see, anybody over 40 in this company is ridiculously overpaid.
especially in the USA.
I have met several of those and I do not think they have learned a thing during all that time with the company.
Engineering a pension that will never come.
“…just show them a competing offer letter and see your pay magically grow.”
That’s a terrible idea @nyj.
Best case: you get a counter offer, and the second you accept it they tweak the job title and start working to backfill the position - in anticipation of terminating you from employment.
Likely case: they say “good for you” and tell you to turn in your badge. It happens all the time.
If you get to the point where you secure a better offer, take it and move on.
Its not that they are over paying new comers, the old timers have not given the company incentive to re-evaluate their pay, just show them a competing offer letter and see your pay magically grow.
New hire compensation is lower than it was a few years ago, many are not accepting offers. The job market is offering better pay and benefits.