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Do you always need an MBA to get into MBB?
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Face it, we’re in a Volcker-type recession right now (if you don’t know what the Volcker Recession was, look it up. circa 1980-1983, depending on who you talk to).
And, depending on where you live, HR people just aren’t a priority for many companies. Texas, because of the lower-level regulatory environment; and even California, because businesses often outsource HR functions to PEO’s or have one of the office staff perform transactional functions—just to save a buck in that sucky business environment.
Companies even consult their retained legal service if there’s anything that exposes them rather than running things by a good HR person.
$57k is a slap in the face—in regards to what companies expect in their candidates’ qualifications. 10-15 year’s experience is both a “wish-list” requirement as well as a reflection on the value companies place on the importance of the role. It’s also a direct indicator of how clueless those respective leaders are in regards to overall company performance, cost savings, and risk mitigation—that a qualified HR person will bring.
Did I miss anything? Maybe. But then again, space is limited here.
Yup... this is why I have completely pivoted and went to college at 55 years old....I started 2 weeks ago and while it's tough.. it's tougher to work for such little pay that me life became an out of control tragedy. Believe me, I was on the floor in the fetal position for quite some time before I picked myself up and redirected. Good luck with your journey!
That is insulting
You wanna move up,you gotta be willing to move out
I’ve been leading technology teams for over 10 years, and I would say this directly to management:
“Boss, seriously please
is that the value we’re putting on it? We all know the world keeps changing governments change, rules change, borders change, time changes. That’s normal.
But one thing remains true...
If you expect quality, speed, and accuracy, it comes with a price. Value is not just cost
it’s what quality delivers and I from my view you sacrifice too much on this bet”
they want all that experience and a shrm cert. but only paying $57,000.?
😭
Regarding raises, there’s a concept in Compensation where some raises/bonuses come from saving the company money. It’s been a while, so I forgot the textbook term; but an AI search said it was called a “Cost-Savings Bonus / Shared-Savings Bonus.” It’s essentially getting a percentage of the money you saved the company.
The two (at minimum) things you want to avoid are 1) if you save money at other employees’ expense, such as cutting hours or eliminating jobs (rather than true “right-sizing”); and, 2) If you’re cannibalizing the company to ingratiate you and the C-Suite with performance bonuses.