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“Significantly” is tough to judge - but yes, there should be greater incentives for leadership roles, based on greater risk and responsibility.
Yes, being a leader is exhausting.
Actually, the leader doesn't necessarily have to get paid harder. It depends on the industry and also wi the compensation package. if the leaders and owner, then you may elect to get less compensation and get his reward when he sells the company or the company grow significantly. If the leaders not an owner, it's still not necessarily true that he would get paid the most. I should say he or she, for example, professional teams, the managers the coaches are pay for or less than the players. Basically it's all about value.
100%. In consulting firms leadership is basically a role on top of everything else you do. Comp has more to do with marketable skills and book of business. If you are only a people/resource manager for example, is likely that your career will be very limited in growth. Experts tend to get paid way better. (up to a level).
Yes. A good leader is worth a LOT of money because they amplify the effect of their team.
Yes, 100%. I would say differently if my team actually anchored a lot of the day to day work but often find myself contributing still as an IC AND so the additional responsibilities of a lead position, definitely been putting in a lot of extra hours and work versus when I was only an IC.
Yes
A good/great leader is almost always worth way more than they are paid regardless. A poor leader is always overpaid.
There are a lot of technical answers here. It really depends on the industry. Construction or building maintenance, in my opinion, should be the only exception where many skilled laborers get paid more than the supervisors.
In sales, the leader/manager can get paid a little more in base salary but get bigger bonuses. Though a salesperson can make more in commissions
In professional office work environments, leaders/supervisors are departmentalized more and report to managers who report to senior managers then move on to executive. All get paid substantially more than the entry level admin.
Restaurant workers are in a league of their own.
In retail, associates get paid very little. For the most part the associate just has to show up and not be tardy. But this industry has a high turn over rate. The lead is the one that held on. The lead hasn’t yet earned the “er”. If the lead demonstrates the necessary qualities then may become leader as long as favoritism or discrimination is not a factor. Leaders are held responsible for the failure or success of the shift. Many GMs over work their leaders. When there are absences the leaders are overworked. The work life balance is not balanced at all unless you work at a store that isn’t opened long hours.
So the fact is that you are correct. The income should be reasonably higher but you should make sure you agree with the terms. Don’t get mad when you find out another leader is getting paid more than you because you under-valued yourself.
Me personally won’t accept a job where I can’t pay my rent or mortgage with 2 weeks pay. 3rd week pays for the rest of my expenses and 4th weeks is savings, investing and extra curricular.
Good luck
"leader" is just a meaningless label when it comes to pay. pay should be measured taking into account responsibilities and risks.