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  #31  
Old 11-18-2019, 08:58 AM
The_Polymath The_Polymath is offline
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Originally Posted by lllj View Post
Sometimes the name alone attracts good candidates, so they don't have to worry as much about paying competitively. Even if there is turnover, there will be other candidates knocking.
This might work at EL. It will however backfire on the company if they keep pay progression lower as well via people gaining exams/experience. People at said company would simply jump ship to another company with better pay once they have enough experience, so you would see higher turnover for people with 3-5 years experience (which would be bad for the company).
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  #32  
Old 11-18-2019, 09:27 AM
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Leaving an employer is rarely about pay only in my experience.

Usually its a bad boss, or work is not interesting. When those two things are off, your pay will then come much more into focus.

Also, the reason you dont say its just about pay is because it is too mercenary. People tend to not like that in a potential employee.


If pay is only ok but otherwise the job is great, the vast majority of people won't jump ship.

That being said, I don't think it's a topic you should avoid, it just shouldn't be your only answer.
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  #33  
Old 11-18-2019, 11:04 AM
Kalium Kalium is offline
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Originally Posted by #Hawaii2019 View Post


If pay is only ok but otherwise the job is great, the vast majority of people won't jump ship.

That being said, I don't think it's a topic you should avoid, it just shouldn't be your only answer.
+1

If an applicant is solely focused, or even too focused, on pay, then I wouldn't expect them to stay long, even if I offered them a job. There are always going to be other roles out there that pay more, and I don't want someone who is going to spend all their time looking for a further move. So you will have to be absolutely brilliant in some other way to even get an offer.

Most actuaries are well-paid. For me, an interesting job is more important than absolute level of pay.
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  #34  
Old 11-18-2019, 01:33 PM
Dr T Non-Fan Dr T Non-Fan is offline
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The short answer is, as it usually is when answering questions in an interview, HOW you reply is just as important as your reply.
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  #35  
Old 11-18-2019, 06:08 PM
Father Mahoney Father Mahoney is offline
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+1

If an applicant is solely focused, or even too focused, on pay, then I wouldn't expect them to stay long, even if I offered them a job. There are always going to be other roles out there that pay more, and I don't want someone who is going to spend all their time looking for a further move. So you will have to be absolutely brilliant in some other way to even get an offer.

Most actuaries are well-paid. For me, an interesting job is more important than absolute level of pay.
I’d have a hard time taking a big pay cut, but would never leave a good job just for 10-50% more. Having worked for both great and horrible departments, I’ve really come to appreciate the benefits to ones’ mental health when they truly love their job. At a certain point, the utility of the job itself far exceeds the extra money one could make working in a stressful and/or miserable environment.
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  #36  
Old 11-18-2019, 07:01 PM
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Iíve really come to appreciate the benefits to onesí mental health when they truly love their job. At a certain point, the utility of the job itself far exceeds the extra money one could make working in a stressful and/or miserable environment.
let's start a train, train
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  #37  
Old 11-18-2019, 07:17 PM
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Well, the amount of extra money would affect the decision. It might be that a person would take the job and additional stress for X, but the company will pay only 50%*X.
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  #38  
Old 11-18-2019, 09:12 PM
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Yeah sorry size wasn't meant to mean anything in this context, although the way I presented it made it seem that way.
Size doesn't matter
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  #39  
Old 11-18-2019, 10:06 PM
cincinnatikid cincinnatikid is offline
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This has mostly been said here already in other forms, but here's my logic:

If you cite pay as the only reason, you're saying your company isn't willing to pay you what you think you are worth.

If money is the only reason that you are looking for a new job, then as an outsider I would assume you've discussed this with your current company and they have told you no.

If your current company doesn't think you're worth more money, why would a new company just take your word for it and pay you more than a competitor for the same work?
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  #40  
Old 11-19-2019, 11:25 AM
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Originally Posted by #Hawaii2019 View Post


If pay is only ok but otherwise the job is great, the vast majority of people won't jump ship.

That being said, I don't think it's a topic you should avoid, it just shouldn't be your only answer.
Agreed. As long as the place isn't crap (read: the manager isn't a small-minded, task-driven micromanager who demands everyone be working productively 50/5 or more and frowns upon any kind of interpersonal chats and constantly belittles employees for alleged wrongs without providing constructive ways to improve, and dangles incentives only to pull them back a la the State Farm fisherman), I'm all about loyalty. In fact, I feel like part of what I'm paid for is my loyalty. But if there's somewhere else that values loyalty more highly, I'm going wherever they value loyalty the most.

Quote:
Originally Posted by Father Mahoney View Post
Iíd have a hard time taking a big pay cut, but would never leave a good job just for 10-50% more. Having worked for both great and horrible departments, Iíve really come to appreciate the benefits to onesí mental health when they truly love their job. At a certain point, the utility of the job itself far exceeds the extra money one could make working in a stressful and/or miserable environment.
This. Always be careful making a jump; it's not difficult to jump for what you think is better pay and/or a better situation and end up in a worse spot and now you're trying to figure out how to get out of that situation quickly and gracefully while improving your overall position.
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