No, it is a problem with Queensland which has long been known as a low wage state. When I was in my mid-twenties I was buying used cars in Sydney and selling to the trade in Brisbane. One of the drivers who went down every Saturday to bring a car back was a 24 y.o. A grade mechanic with wife and two toddlers. He looked at the positions vacant in Sydney one weekend and got a job paying nearly 30% more than he was getting in Brisbane. He packed up mum and kids and off he went.
That Company Secretary paid the bills and kept score. I was managing a dealer zone that was turning over millions every year and my job was to keep them doing so.
URSUSMAJOR
I have constantly said that I disagree with huge management pays and bonus's but I think there is a real consistency issue for many on here.
It has been argued many times and even in this thread, that employees are selling their labour/experience/expertise and as such can sell it to whoever pays the most.
So why are management any different. We are increasingly living in a world market so if a fitter and turner or a truck driver can go to another company, another state, the mines or where ever , then why can't the exec do exactly the same.
If a company/directors/sharehoders believe they are getting value or if they have to pay the high rate to entice or keep the fitter and turner then why should the exec be expected to under sell himself if he can get more at a different company or in a different state or overseas.
the consistency issue is not just on here....
the problem has been there is no real way for shareholders or others for that matter, to get a handle on the disproportionate spiral.....
the 3 strikes rule in place now is having some little effect but there should be action on a much broader scale...
what form that action should take is where the real debate should be, in the national interest.
2007 Discovery 3 SE7 TDV6 2.7
2012 SZ Territory TX 2.7 TDCi
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- a warning from Adolf Hitler
"If you don't have a sense of humour, you probably don't have any sense at all!" -- a wise observation by someone else
'If everyone colludes in believing that war is the norm, nobody will recognize the imperative of peace." -- Anne Deveson
“What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.” - Pericles
"We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand
"The happiness of your life depends upon the quality of your thoughts." Marcus Aurelius
I agree in part but if he can negotiate a higher income then isn't that his right. The company can say no and employ someone else, just as they can say no to the shop floor guy who wants more.
It may be seen as disproportionate to many but he may well be able to earn even more off shore.
I actually get angrier at those who continue to take or are given increases at ALL levels, when a company is losing money and shareholders are not getting a return.
Greed affects ALL levels as can an inflated opinion of ones worth within a company. Amazing how often you hear of someone being "indispensable" but life goes on once they have left, again, at all levels of a company.
Someone one described to me the hole left as being equal to the hole left when you take your hand out of a bucket of water. And yes, I have always applied that to myself as well as it is a great leveller if one is getting ahead of themselves.![]()
2007 Discovery 3 SE7 TDV6 2.7
2012 SZ Territory TX 2.7 TDCi
"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- a warning from Adolf Hitler
"If you don't have a sense of humour, you probably don't have any sense at all!" -- a wise observation by someone else
'If everyone colludes in believing that war is the norm, nobody will recognize the imperative of peace." -- Anne Deveson
“What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.” - Pericles
"We can ignore reality, but we cannot ignore the consequences of ignoring reality.” – Ayn Rand
"The happiness of your life depends upon the quality of your thoughts." Marcus Aurelius
| Search AULRO.com ONLY! | 
    Search All the Web! | 
  
|---|
| 
 | 
 | 
Bookmarks