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A comment on How much does employee turnover really cost?. Parent comment

Re:How much does employee turnover really cost? by tyingq on Tuesday January 17, 2017 @01:58PM (#13420063)
Often, it's because neither the company nor the employee really knows what the market rate actually is.

There is little industry agreement on what titles mean (SR engineer, for example isn't universally the same job).

And...both sides are incented to either over or under state market rate.

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Re:How much does employee turnover really cost? by basseq on Tuesday January 17, 2017 @03:59PM (#13421133)
Well put. Not to mention the disconnect between market rate ("the average of salaries for similar positions in Market X") and individual rate ("the amount you can get in Market X given your skills and experience").

Fundamentally, you are worth whatever someone will pay you. If you can negotiate an offer for 20% over market rate, congrats, that's your personal market value. Conversely, if you're currently paid 20% under market value and can't find another job, the same applies.

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