You know when you see a CEO making a million? That’s because he’s being paid a million dollars a year. The same is true for a VP.
Its true. While the industry is full of CEOs and VPs who make millions of dollars a year, the reality is that the majority of people that manage companies are actually making minimum wage. Of course, those that make the most money, by the way, often have the most power and influence. A CEO, for example, is the face of a particular company. If she wants to get a new contract, she will often talk to someone higher up in her company who can negotiate.
In many industries, employees can get bonuses and stock options, but the reality is that these are usually reserved for the top. In tech, the top is the top, but as you can see, only a small percentage of people make more than a minimum wage. So, if you’re a CEO in tech, you can get extra perks simply by knowing the CEO of the other company who does things for him.
This could be good for a CEO, but a lot of the pay packages given out to employees are for one-time benefits. You have to either have a company, or a job in a company that pays well and has a few perks, to get the perk. But that doesn’t stop people from giving out such incentives. In the past year, Facebook has used its huge bonuses to pay executives 50,000 dollars each, or a whopping $1 billion in total compensation.
It’s a sad fact that technology companies have a habit of giving out perks so that people will do them for free. In the past year, Google has paid out $9 billion in bonuses, and Facebook will pay $6.5 billion. Even if you only work for one company, chances are you’ve heard about the perks that are given out.
The problem is that tech companies don’t have to disclose these perks, because they’ve been given out without the knowledge of their employees. The reason tech companies do these perks is because they have to pay a bunch of people to work for them. The employees are the ones who have to spend their time and effort on the computers, so they’re often the ones who take these bonuses.
Tech companies don’t want it to look like they’re stealing money from their employees. They also don’t want it to look like theyre underpaying their people. That’s why they don’t tell employees what they have to do to get this perk. They’re not underpaying their people, they just get paid more.
In the olden days, before computers and internet, the tech companies would have a list of the employees who did a particular job. If you didnt do anything that made it on there, you didnt get this perk. Nowadays, tech companies just pay their people more so that they dont look like theyre underpaying them.
This is a common tactic for the tech companies. They hire more people to do the same type of work, so the employee thinks theyre being underpaid. In reality, they’re paid less.