swearingen
Civil/Environmental
For the first round on this topic see thread731-168675.
There's another twist to the crazy job market here. It goes something like this:
1. Company lands good sized project - why? They were low bidder. They forecasted costs based on job market, current salaries and end-of-year raises and bonuses.
2. Job market goes nuts. Companies are stealing workers from each other due to the limited talent pool available.
3. Wages skyrocket.
4. Company lands other projects based on new salaries of the folks it has to bring in plus raises and bonuses.
5. Folks brought in for new projects go to lunch with the folks working on the older project and the subject of salary comes up.
6. Folks on older project choke on their food when they find out how much new employees are making.
7. Those folks march into the boss' office and demand money.
8. Boss can't budge - the older project costing was based on old salary info before the wage spike. He offers what he can, but he still has to stay profitable.
9. Those folks leave for the next company for a gargantuan sum, only to have the cycle repeated at that firm.
It's just nuts and, quite frankly, it's scary. As I said in the former post, project continuity is shot and morale stays low. Any thoughts?
There's another twist to the crazy job market here. It goes something like this:
1. Company lands good sized project - why? They were low bidder. They forecasted costs based on job market, current salaries and end-of-year raises and bonuses.
2. Job market goes nuts. Companies are stealing workers from each other due to the limited talent pool available.
3. Wages skyrocket.
4. Company lands other projects based on new salaries of the folks it has to bring in plus raises and bonuses.
5. Folks brought in for new projects go to lunch with the folks working on the older project and the subject of salary comes up.
6. Folks on older project choke on their food when they find out how much new employees are making.
7. Those folks march into the boss' office and demand money.
8. Boss can't budge - the older project costing was based on old salary info before the wage spike. He offers what he can, but he still has to stay profitable.
9. Those folks leave for the next company for a gargantuan sum, only to have the cycle repeated at that firm.
It's just nuts and, quite frankly, it's scary. As I said in the former post, project continuity is shot and morale stays low. Any thoughts?