Mercnbeth
Posts: 11766
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quote:
ORIGINAL: AquaticSub quote:
ORIGINAL: Mercnbeth I find recent college graduates delusional regarding the realities of a capitalist based business climate. They don't realize or understand to justified being paid a salary of $50k they need to produce $300k to the company. *looks at her college homework and whimpers* Aquatic, Sorry! The ratio comes from considering a number of factors. Add back the direct costs associated with an employee such as employee paid Social Security as well as the employer portion of Federal, State, City income taxes. Then there are the indirect costs of training plus the voluntary "employee benefit" costs such as 401k, medical, dental, life insurance. Most college graduate applicants expect these. Anyone hired for marketing is even more expensive adding the cost of marketing materials, travel, entertainment expense, I consider hiring an employee as an "investment" that I and my company will see no return in the first year. The dichotomy is that the first thing new graduate hires do is update their resume, no longer detailing their college "accomplishments" but amended to show all their "experience"; assuming they are now worth more. Loyalty, independent or reciprocal, is virtually non-existent in business. I can pretend that my people are loyal, however I believe it it is more comfort and complacency than loyalty. My perspective is that I pay and treat my people as well as I can; however I temper that with the firm belief that if a crisis came and I couldn't make payroll for instance, they'd say; "Gee Merc, I'm sorry about that, but we're moving on to XYZ Company. Good LUCK!" Another "bottom line" - To get your "real" and "true" worth and the income you "deserve"; it's best to work for yourself - IF you can afford it. Keep in mind, even then you have a 'partner' who has many "dependents" to feed. The Government and all their "non-motivated", "mediocre", "competency challenged" workers are relying on your taxes, fees, and business licenses to feed and raise the next generation of civil servants. Oh yeah, I almost forgot. Save some extra for the "leach" classification of expenses; lawyers.
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