Effects of Compensation


I have held a few jobs growing up, mostly minimum wage. As I start to get closer to graduation here at OSU it becomes more and more obvious that landing a great job out of college can be very important. With this in mind I want to find a job that not only is interesting and will employ me for what I want to do, but also will pay me well and what I feel I deserve. I would like to share a story that happened this past year when selecting an internship and I think the morale of the story applies for almost anyone when selecting a job. After going to the career fair there were 3 main companies I was looking at. All of witch were great companies and had everything I was looking for. Good hours, benefits, and great work experience with large commercial job sites that I would be working on. After the interview process I started to quarrel with myself between witch company I would choose to work for. I just couldn’t decide. They were all so great! I decided to not get my hopes up and wait to see if I even got an offer from any of them. I ended up getting an offer from all three This was amazing yet it didn’t narrow my decision down because all three were still on the table. Considering that in my mind they were all equal and I would be doing the exact same kind of work for all three companies it came down to compensation. The first two companies offered a decent pay as well as some per diem. But the third company offered substantially more pay with a-lot higher per diem. An obvious choice to go with company three. So I went with company three like any broke college kid would. Anyone reading this would say “well duh” and that is exactly why I’m writing this. The effects that employers have over their employees or future employees can only go so far. Many companies try to set them selfs apart from their competition, but the reality is that almost all the main competitors that a company will face can offer the exact same things they do in work experience and culture. By choosing to compensate employees more they will hire more and have less turnover. People want to work for companies who value them. Pay is a direct indicator of how much a company values an individuals work. Long story short if pay is an issue, then companies will lose their employees to someone who will pay them more.

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