If your Sunday newspaper carries Parade magazine, you undoubtedly read their annual report What People Earn. The story contained some interesting information, as well as some facts and comments that I, as a compensation professional, already know.
I had a few concerns with the story, though. First, I did not see any quotes or source material from compensation or benefits firms. I’m left wondering where the author obtained the data she used.
Second, as this was a nationally distributed piece, there should have been some discussion around how salaries differ. One of my clients recently called this “your mileage may vary.” To read the story, I might think that my pay should be the same as, or higher than, what’s reported. However, so many factors influence pay – performance, tenure, compensation philosophy, geography, etc. – it is misleading to the general public to not mention such factors.
What did you think of Parade’s story? Take a peek and let us know!
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