Top Companies to work for: Big Pay

[AuburnAlumni]

http://money.cnn.com/magazines/fortune/bestcompanies/2009/pay/

Some of these really surprised me on the top salaried positions list.

A "Professional" at Mens Wearhouse makes over 80k.

A T-Mobile manager makes 120k.

A Nugget Market Store manager makes over 116k.

A Publix Store Manager makes almost 110k.

Interesting.


On a side note about Publix...I had no idea what a great company they apparently are to work for until one of my best friends told me. He lives down the street from me in my neighborhood and is a Produce manager for them. He made 81,000 last year....no college degree, and is only a department manager. I never would have guessed. He's my age (31) and he's been working at Publix since he was 19. Says he loves the company and has over 200k in his retirement fund because of the excellent benefits. He also told me that all full time positions, even the hourly wage employees, get health coverage which is pretty big.

His fiancee is a pharmacist at the same store and makes over 120k there. In Birmingham, that's very good money because of the low cost of living.

[ehh]

Re: Top Companies to work for: Big Pay

A "Professional" at Mens Wearhouse makes over 80k.

Didn't know they let prostitutes work there, I always wondered why their changing rooms were so big.

[MassNole]

Re: Top Companies to work for: Big Pay

Wow, what I see is a bunch of people being overpaid for their jobs, thus forcing lower paying jobs to leave.

[KG]

Re: Top Companies to work for: Big Pay

Interesting read.

My company is all over the list which is a good thing. I wish the list was relative to work experience and all positions were comparable.

[mannyblue2008]

Re: Top Companies to work for: Big Pay

mcdonalds pays the most as long as you dont mind flippin burgers hahahahahahahahahaahahahahahahhaa

[matt8204]

Re: Top Companies to work for: Big Pay

Wow, what I see is a bunch of people being overpaid for their jobs, thus forcing lower paying jobs to leave.

Well, if you can get the work for that kind of money (as in the original poster's Publix example) more power to them, I guess. My gut also tells me that they're probably overpaid, but if the company is willing to fork over the money, that's their business, right?

[MassNole]

Re: Top Companies to work for: Big Pay

Is it their business though? Because they are paying (at least what I would deem) an overinflated salary the cost of goods must go up to cover their expenses. As such the goods go up, pricing them out of the range for consumers, especially in the worst financial crisis since 1929. Companies want to complain about losing business, start by cutting costs of the managers whom you overpay.

As for the Men's Wear House, well they work on commission, so more power to them.

[Trevytrev11]

Re: Top Companies to work for: Big Pay

http://money.cnn.com/magazines/fortu...nies/2009/pay/


A "Professional" at Mens Wearhouse makes over 80k.

Guess it depends on what their definition of professional is, though. I was thinking more along the lines of corporate employee's and not so much of store employee's.

You are right though, many of the store jobs (not all) are commission based and some of the top sales people in some of the top markets can do quite well for any company. And if its commissions, then who cares as it's a win win situation for both the employee and the store.

[Trevytrev11]

Re: Top Companies to work for: Big Pay

Is it their business though? Because they are paying (at least what I would deem) an overinflated salary the cost of goods must go up to cover their expenses. As such the goods go up, pricing them out of the range for consumers, especially in the worst financial crisis since 1929. Companies want to complain about losing business, start by cutting costs of the managers whom you overpay.

Just depends on the situation.

Many companies making cuts are doing so from the the top down and laying off employees with over inflated salaries in order to bring in new employees at entry level salaries. Kind of sucks for the tenured employee's who do their job well, but have unfortunately been there too long and now earn a higher salary, which they have earned for doing their job.

And I don't think your seeing the costs of many products go up right now when in fact almost every store is offering 25% off, buy one get one free's, etc. just to get customers in the door.

If your talking extremely high executive salaries that we hear about every day in the news, then I agree. But if a company wants to pay their employee's 10% more than their compeition because they know they want to lure the best employees and encourage them to work harder to keep that job and nice salary, then it's a win-win situation for both sides. The employee gets a job with a good salary he doesn't want to lose and the employer gets an employee with a motive to work hard, which should lead to more productivity and efficiency. You get a lot less turnover when you treat your employees fairly, which leads to more better, more knowledgable employees and better efficiency in the job.

Also, if it's in the comapnies culture and they have always, the prices aren't going to rise because this is will already be built into their current prices (assuming this has been a practice of said company over a period of time).

Most companies and managers I speak with are more than happy to pay a little more for a quality employee, especially in a specialized field. A skilled carpenter making $25 an hour would be much more valuable to a home builder than an inexperienced one making $18-$20. Chances are what he saves in Hourly Rate, he gives right back in hours.

Now from a shareholders perspective, I could see this being a concern if this is a new practice, then they are taking money out of your pockets, but again if it's a part of the companies culture, then this is what they bought into when they purchased their stock and it's already inbedded in the current stock price.

[matt8204]

Re: Top Companies to work for: Big Pay

Just depends on the situation.

Many companies making cuts are doing so from the the top down and laying off employees with over inflated salaries in order to bring in new employees at entry level salaries. Kind of sucks for the tenured employee's who do their job well, but have unfortunately been there too long and now earn a higher salary, which they have earned for doing their job.

And I don't think your seeing the costs of many products go up right now when in fact almost every store is offering 25% off, buy one get one free's, etc. just to get customers in the door.

If your talking extremely high executive salaries that we hear about every day in the news, then I agree. But if a company wants to pay their employee's 10% more than their compeition because they know they want to lure the best employees and encourage them to work harder to keep that job and nice salary, then it's a win-win situation for both sides. The employee gets a job with a good salary he doesn't want to lose and the employer gets an employee with a motive to work hard, which should lead to more productivity and efficiency. You get a lot less turnover when you treat your employees fairly, which leads to more better, more knowledgable employees and better efficiency in the job.

Also, if it's in the comapnies culture and they have always, the prices aren't going to rise because this is will already be built into their current prices (assuming this has been a practice of said company over a period of time).

Most companies and managers I speak with are more than happy to pay a little more for a quality employee, especially in a specialized field. A skilled carpenter making $25 an hour would be much more valuable to a home builder than an inexperienced one making $18-$20. Chances are what he saves in Hourly Rate, he gives right back in hours.

Now from a shareholders perspective, I could see this being a concern if this is a new practice, then they are taking money out of your pockets, but again if it's a part of the companies culture, then this is what they bought into when they purchased their stock and it's already inbedded in the current stock price.

Good post. There is a lot of truth to the phrase "You get what you pay for". It's true in an employee/employer case as well. You're not going to recruit top talent by lowballing on salaries and/or commission rates.

[mannyblue2008]

Re: Top Companies to work for: Big Pay

what a boring thread.

[AuburnAlumni]

Re: Top Companies to work for: Big Pay

what a boring thread.

Congratulations!

You've won the award for most needless response to a thread for the day.

Now, proceed to one of the other 93847593857839 threads that may entertain you more....like asking people if they wear contacts. Exciting!!!!

[Jonesy]

Re: Top Companies to work for: Big Pay

Congratulations!

You've won the award for most needless response to a thread for the day.

Now, proceed to one of the other 93847593857839 threads that may entertain you more....like asking people if they wear contacts. Exciting!!!!

This.

[elicoleman]

Re: Top Companies to work for: Big Pay

what a boring thread.

Awesome post. Real winner.

[rspencer86]

Re: Top Companies to work for: Big Pay

Is it their business though? Because they are paying (at least what I would deem) an overinflated salary the cost of goods must go up to cover their expenses. As such the goods go up, pricing them out of the range for consumers, especially in the worst financial crisis since 1929. Companies want to complain about losing business, start by cutting costs of the managers whom you overpay.

Paying employees a fair wage is good business practice. A good example is Sam's Club vs. Costco. Costco is very competitive with Sam's Club, even though Costco pays their employees 40% more in salary and provides far superior health insurance.

Does Costco have to increase the cost of their merchandise to make up for the extra costs of paying employees? No, not really. They get a lot of financial gain just from the increased productivity and decreased turnover that these wages provide.