this post was submitted on 17 Sep 2023
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[–] saltesc@lemmy.world -5 points 2 years ago* (last edited 2 years ago) (2 children)

I get people see one-on-one comparison in salary and it can appear stark. But I do workforce management and planning for a career. The last place I worked at spent $2.1B in employee costs annually—around 17.5K active employees which is actually not that big—,while chief officers were on close to $1M. If they were canabalised, people would get a few extra bucks in their paycheck, fuck all.

The CEO got paid that well because they could handle a $2.1B employee cost company, so obviously other companies want them since few people can do that with success, so obviously they were paid their worth.

Edit: Granted, this is in Australia where there's a lot less capitalistic energy.

[–] spez@sh.itjust.works 7 points 2 years ago

Though he does get paid a lot more than his foreign counterparts of roughly same size.