that’s what it should mean, but in my experience it just means they’re lying and don’t want to put out numbers
I’ve done the market comparisons so I could determine wage ranges for my department. I’ve also done interviews with other companies in the same timeframe, and those companies that were “competitive” were always like 10-30% under the average. I’m convinced some of them intentionally choose to misrepresent the numbers by figuring that $x hourly rate resulting in an annual pay of $y due to overtime means they’re “competitive” to the annual salary data that is normalized to forty hour weeks. I don’t see how else they could get it wrong.
that’s what it should mean, but in my experience it just means they’re lying and don’t want to put out numbers
I’ve done the market comparisons so I could determine wage ranges for my department. I’ve also done interviews with other companies in the same timeframe, and those companies that were “competitive” were always like 10-30% under the average. I’m convinced some of them intentionally choose to misrepresent the numbers by figuring that $x hourly rate resulting in an annual pay of $y due to overtime means they’re “competitive” to the annual salary data that is normalized to forty hour weeks. I don’t see how else they could get it wrong.