“It’s already illegal to pay a woman less for the same job as a man.”
Employees are paid on production and value to the company, so 2 VP’s in the same job title can be paid differing amounts for varying reasons including length of time on the job. They can also be given bonuses for any number of things such as proficiency at achieving targeted goals.Bottom line is the more you earn for the company the more they will pay you.
A company will pay an employee what it would cost to replace him/her at his current level of production.
“A company will pay an employee what it would cost to replace him/her at his current level of production.”
Generally speaking, of course. However, not so much today: Boeing Defense Systems has scraped off many of their mid-level business developers and program managers and replaced them with recent college grads or some that have 5-yrs or less experience. These puppies don’t know the business, don’t know the client, don’t know the operating environment. . .nor do they have the contacts or have credibility or trust with the client (military).
But. . .they pay them half as much as the retired Majs and Lt Cols and Cols. . .and one side of BDS is proud they cut personnel costs and the other side is wondering why they keep losing programs.