Congratulations to Nationwide Insurance. I am an independent agent that doesn’t happen represent Nationwide Insurance but I am very proud of their actions to get to $15 an hour as a minimum wage even if it takes a few years.
I hope you also enjoy paying more for products. Anytime you feel like pulling money out to pay someone you encounter, go ahead and do it. Don’t make the rest of us pay more for products because of your bleeding heart.
The market should dictate wages, not govt control or third party deadbeats who feel guilty.
wayne smith says: The market should dictate wages, not govt control or third party deadbeats who feel guilty.
How is Nationwide changing their starting pay not a result of “the market” dictating wages?
By offering the highest starting pay, don’t you expect them to be inundated with applications? Nationwide will have the opportunity to choose the best because the best will flock to this new pay scale.
And what will Nationwide do when employees currently making wages in the $15-$20 range begin complaining (or leaving) about the newly created pay equity issue? Minimum wage laws and policies are fraught with unintended consequences, but nobody seems to stick around to analyze them, let alone tie them back to the artificial and capricious wage floor policies.
The way I see it is that some people will say – I do twice as much work as the one down the hall and they get the same pay I do. Yes, it will lead to some people leaving for greener pastures.
So King notes that turnover is low, yet in the last paragraph it states that there are hundreds of jobs available nationwide. Uh, turnover is not low and people are continuing to leave in droves. This is merely them reacting to their turnover as opposed to taking care of employees from the offset. The company’s pay structure is an absolute joke, from full-time employees to hourly. I hear annual bonuses for salaried workers in highly profitable divisions is anywhere from 1%-2.5% of base salary.
So we have some commenters telling us how spending all this extra money is going to cost the policyholders. Did anybody catch that this is going to affect just 900 employees, by the way?
Then we have others telling us that Nationwide doesn’t pay their people enough.
I’m confused. Which is it? Is Nationwide spending their insured’s money profligately, or are they reducing expenses by paying the people less, but risking losing their people?
They have been layoff several employees from other states and move jobs to India so may be they save enough money for the raise.
I bet the people already making $15 an hour that worked their way up can’t wait for the adjustments in their pay checks too!
Lean forward America! Or at least Nationwide customers.
Kind of neat Jack. Now, Nationwide employees will make as much as burger flippers.
do you think they should make LESS than burger flippers???
Congratulations to Nationwide Insurance. I am an independent agent that doesn’t happen represent Nationwide Insurance but I am very proud of their actions to get to $15 an hour as a minimum wage even if it takes a few years.
Nationwide has not exactly been on their employees side for quite a while in my judgment.
I hope you also enjoy paying more for products. Anytime you feel like pulling money out to pay someone you encounter, go ahead and do it. Don’t make the rest of us pay more for products because of your bleeding heart.
The market should dictate wages, not govt control or third party deadbeats who feel guilty.
wayne smith says: The market should dictate wages, not govt control or third party deadbeats who feel guilty.
How is Nationwide changing their starting pay not a result of “the market” dictating wages?
By offering the highest starting pay, don’t you expect them to be inundated with applications? Nationwide will have the opportunity to choose the best because the best will flock to this new pay scale.
And what will Nationwide do when employees currently making wages in the $15-$20 range begin complaining (or leaving) about the newly created pay equity issue? Minimum wage laws and policies are fraught with unintended consequences, but nobody seems to stick around to analyze them, let alone tie them back to the artificial and capricious wage floor policies.
The way I see it is that some people will say – I do twice as much work as the one down the hall and they get the same pay I do. Yes, it will lead to some people leaving for greener pastures.
Good for the employees and the customers will get the increase.
Nationwide did not treat it’s agents in Florida this well in 2007-2008!
So King notes that turnover is low, yet in the last paragraph it states that there are hundreds of jobs available nationwide. Uh, turnover is not low and people are continuing to leave in droves. This is merely them reacting to their turnover as opposed to taking care of employees from the offset. The company’s pay structure is an absolute joke, from full-time employees to hourly. I hear annual bonuses for salaried workers in highly profitable divisions is anywhere from 1%-2.5% of base salary.
So we have some commenters telling us how spending all this extra money is going to cost the policyholders. Did anybody catch that this is going to affect just 900 employees, by the way?
Then we have others telling us that Nationwide doesn’t pay their people enough.
I’m confused. Which is it? Is Nationwide spending their insured’s money profligately, or are they reducing expenses by paying the people less, but risking losing their people?