Salary Vs experience analysis
March 3, 2012 1:22 PM Subscribe
Need to do a simple analysis around pay and experience fairness.
Two project managers managing exactly same kind of projects and have similar performance levels:
PM 1 -> Pay $130,000 ; Experience 15 years;
PM2-> Pay $80,000 ; Experience 3 years;
I want a mathematical way of analyzing if the person getting paid $80,000 is being under payed.
Now I know there are industry standards and charts available. I want to do something that may not be perfect but gives a sense.
How much weight should be given to experience and can this be factored in mathematically?
Please dont get hung up on accuracy. I want a logical analysis method that does not need to be entirely accurate.
Also, where can I find industry charts comparing pay and experience
posted by r2d2 to Work & Money (12 answers total) 1 user marked this as a favorite