| Aug 9, 2006 @ 7:53 AM |
somebody please tell me what good can come out of "salary caps" ???
|
|
mustangstac
Posts: 633
|
ok here is the deal. i have been in my job for 14 years. there are several who have been there longer than me. and this week our company has been informing us that our jobs are now on a salary cap. i for one have alrady reached that salary cap. in fact im over it but they are going to let me keep the pay rate i already make...well isnt that nice of them to let me keep the money i already worked my butt off to make..geez. when i went to work for "the largest retailer in the world" it was because they were solid and i could grow there and retire with some profit sharing and stock but now im 34 years old and they tell me that unless i want to go into upper managment that i will never get another raise...what the heck. i have worked hard and put alot of personal time and dedication into the company and all those years of service and knowledge that i have mean nothing to them now. and you might be asking why i dont just go into upper managment...cause they are required to move around sometimes all over the country and without much notice and they work 50-60 hours a week....i have two small kids i cant do that....Walmart is just not a very family friendly company anymore...it sucks and i feel like i have waisted alot of years on them now.
|
|
  |
|
| Aug 9, 2006 @ 8:00 AM |
somebody please tell me what good can come out of "salary caps" ??? |
|
sciurusniger
Posts: 2,958
|
Yes, it stinks but no, you've not wasted a thing...until now. Over the past 14 years you've gained invaluable experience that someone else will find useful.
I'd simply start looking to see where your skills could be both better applied AND better appreciated.
|
| |
|
| Aug 9, 2006 @ 8:22 AM |
somebody please tell me what good can come out of "salary caps" ???
|
|
Jankia
Posts: 11,901
|
I agree with sciurusniger.We had a salary cap at the place I used to work for,after the boss kept promising a profit sharing plan because of that salary cap and never doing it,the three of us there the longest time had a meeting one morning in the bosses office.He told us we were only workers,there would be no profit sharing and no further increase in our hourly pay.
All three of us,two of which had been there 10 years longer than myself reached into our pockets and chucked our keys on his desk then walked out the door.
Those two started a business doing the same thing at a lower cost and put that owner out of business and I started my own.
Today I work for them on an oncall basis and our old boss was never able to replace his three top employees.
|
|
| |
|
| Aug 9, 2006 @ 8:27 AM |
somebody please tell me what good can come out of "salary caps" ??? |
|
robodad
Posts: 7,823
|
I believe that salary caps should be given to those who make mega-bucks, like professional athletes
|
| |
|
| Aug 9, 2006 @ 8:40 AM |
somebody please tell me what good can come out of "salary caps" ???
|
|
MICHIGANGIRL11
Posts: 1,649
|
How about salary caps for upper management in the oil industry. Maybe then the price of gas will decrease.
Migirl11
|
|
| |
|
| Aug 9, 2006 @ 8:43 AM |
somebody please tell me what good can come out of "salary caps" ??? |
|
Jankia
Posts: 11,901
|
That certainly gets my vote Migirl11 
|
| |
|
| Aug 9, 2006 @ 9:14 AM |
somebody please tell me what good can come out of "salary caps" ???
|
|
Always_Striving
Posts: 8,794
|
mustangstac,
This is your calling. You are going to have to decide whether to stay or leave the nest.
sciurusniger & Jankia explained it perfectly. Are you ready to start your own competing business or share the risk of starting one with a couple of partners?
I believe that there is one way you can get past the salary cap, which is to become part of the sales force. Negotiate a sales commission contract with your employer or become a partner. Your new salary will be based on the sales (profits) you can obtain for the company where you are working.
Want to make $20 per hour or $200.00 per hour? It's your call.
|
|
| |
|
| Aug 9, 2006 @ 9:24 AM |
somebody please tell me what good can come out of "salary caps" ??? |
|
MICHIGANGIRL11
Posts: 1,649
|
Mustang........I have not heard in the media about these salary caps from Wally World, has this been made public? Just curious.
Migirl11
|
| |
|
| Aug 9, 2006 @ 9:54 AM |
somebody please tell me what good can come out of "salary caps" ???
|
|
lj450
Posts: 9,551
|
Salary caps.....a necessary evil.
Disclaimer.......its not my fault......I have an Economics degree.
The reason salary caps exist, is because (from a management perspective) you can only afford to pay X amount of dollars to complete a certain task. I know thats rather vague, but think about it like this......suppose you are a shipping clerk.......you have been one for 16 yrs.......common sense would say that you deserve to be compensated more each year, but you are still only accomplishing the tasks of a shipping clerk. The company can only afford to pay a certain amount for shipping.......or etc, or etc.
Take on more responsibilities, then ask to be compensated accordingly.
|
|
| |
|
| Aug 9, 2006 @ 10:18 AM |
somebody please tell me what good can come out of "salary caps" ??? |
|
definitelydi
Posts: 12,602
|
Yes, Michigan, the salary cap has been made public. I hear it on the news yesterday morning!
Salary caps do make since for newer employees as it encourages them to work hard and move up the ranks. It's the "veterans" that get the short end of the stick! Looks like it's time to spruce up your resume, Mustang! You can do it! 
|
| |
|
| Aug 9, 2006 @ 10:40 AM |
somebody please tell me what good can come out of "salary caps" ???
|
|
Silvertongue62
Posts: 6,932
|
I could see a cashier with 25 yrs experience making 180k a year.
|
|
| |
|
| Aug 9, 2006 @ 10:41 AM |
somebody please tell me what good can come out of "salary caps" ??? |
|
Jankia
Posts: 11,901
|
This reminds me of the salary cap my daughter just brought up yesterday.She is furious because she has worked at the library for almost a year and can never earn more than $7 an hour.
I had to remind her that she had to wait a year to get that job and there are alot of other highschool gals that will take it for the $6.50 that she started with.
|
| |
|
| Aug 9, 2006 @ 12:03 PM |
somebody please tell me what good can come out of "salary caps" ???
|
|
mustangstac
Posts: 633
|
ok first we are talking about walmart here. we can hardley quit and start our own company to put them out of business...lol second i would love to have my pay based on my sales...i run a hardware/paint dept. that did $4 million in sales last year...im not very good at math but im sure that that would add up to me making more than th $14.25 that the company is willing to pay someone in that position. now i relize that walmart is a big company and has to control there cost and increase there profit i have been doing it a long time but i just feel they are making the cuts with the people who make them the money. we have no reason to work hard and increase sales it will mean little or nothing for us in the end.
and work harder and moving up like i said is not an option for most of us. nobody with a family and kids will be able to go into upper managment the way it is laid out you could be required to move sometimes to a different state even every six months. now who is going to do that to there kids im not that dedicated to walmart for it to run my life like that.
the bottom line is walmart does not care about the hourly associates that are making them the money. they are just looking to stay on top and make there executive pockets fatter. it is no wonder they are getting hit hard in the news everytime you turn around. they make enough money they could pay us for what we do. its not like we are talking about a little private owned business with a few employees. this will affect thousands.
|
|
| |
|
| Aug 9, 2006 @ 12:07 PM |
somebody please tell me what good can come out of "salary caps" ??? |
|
nah12
Posts: 3,973
|
it's called business.....bottomline it's big business pure and simple.......
|
| |
|
| Aug 9, 2006 @ 12:12 PM |
somebody please tell me what good can come out of "salary caps" ???
|
|
lookingforfun30
Posts: 104
|
^5 Mustangstac.......I work @ Walmart too and know what u mean abt all the crap hourly associates go thru.
I have heard tho that they really are not doing as good as every1 thinks they are doing.
Even tho they do make alot of money per store some1 is dipping into profits who shouldnt be. Just my opinion
|
|
| |
|
| Aug 9, 2006 @ 12:37 PM |
somebody please tell me what good can come out of "salary caps" ??? |
|
definitelydi
Posts: 12,602
|
No, Mustang, you can't move up within the Walmart corporation, but I bet ya can find work elsewhere with your experience in hardware/paint. Your knowledge and experience contributed to saless of $4 million last year? Who wouldn't want you as an employee on their team?!
|
| |
|
| Aug 9, 2006 @ 1:44 PM |
somebody please tell me what good can come out of "salary caps" ???
|
|
george3
Posts: 271
|
try Lowes Home Depot or Menards..........wallyworld is a no win situation they do not care about anybody but top management
|
|
| |
|
| Aug 9, 2006 @ 1:49 PM |
somebody please tell me what good can come out of "salary caps" ??? |
|
vicryder
Posts: 831
|
They can afford to buy the rights to name a building at a university after one of their kids. And then lose then lose it because the little bitch cheated on her schoolwork.
|
| |
|
| Aug 9, 2006 @ 2:03 PM |
somebody please tell me what good can come out of "salary caps" ???
|
|
mustangstac
Posts: 633
|
you are all correct....i should not look at it as a waisted 14 years of service...but as 14 years of gaining knowledge for a better job.
are there other companies that salary cap like this? i have worked for walmart since i was 20 only real job i ever had so i guess it is time to get out into the real world.
|
|
| |
|
| Aug 9, 2006 @ 2:23 PM |
somebody please tell me what good can come out of "salary caps" ??? |
|
SylvanDreams
Posts: 2,133
|
are there other companies that salary cap like this? Yes, many places do this. For example, when the university in my hometown advertises a job, they list the salary range that they are willing to pay. New employees may start further up the range, depending on experience, etc., but they are still limited to that range while in that job.
For example, if the salary range is listed as $24,500 to $36,765, that means that (usually) you will start at $24,500 and the highest amount you will receive while in that position is $36,765, regardless of how many years you work there. (Until I had this explained to me, I assumed that the starting salary was in the range stated, i.e., you could start for as much as $36,765, and still get yearly raises. But the range is just the lowest and highest amounts that would be paid for the job.)
Of course, if you are a great negotiator, there is always the slim chance that you can negotiate a higher cap on the range, but I believe that happens very, very seldom.
|
| |
|
|