Jeff the Great Cuts Your Pay

I know the economy is bad and unemployment is higher than its been in decades. Is it so bad though that companies think they can pay half of what people are worth? I mean, don't you still have to pay to get and retain talent?

Case in point: some recent job listings I came across today (no, I'm not looking). The first is a "Financial Modeling/Excel Wizard" at an self proclaimed professional business planning firm. They essentially need someone to build Excel proforma financial statements to help clients raise capital. They'd prefer a CPA or an MBA that had a finance focus.

The pay you ask? Try $30,000 a year. Don't fret, after 90 days they will bless you with a 5% raise if you deserve it! Once last thing, they make it very clear that they will not pay for your parking!

The second job I stumbled upon is a Project Manager for an "established website design" firm. They want you to have strong communication skills, have great organizational skills and to be familiar with internet technologies. Your job will be to make sure that they stay on task, on time and on budget.

They key to this job is that they specifically say "Project management experience is not required" but a 4-year college degree would be nice. I'm serious folks, you can't make this stuff up!

The pay on this one? A whopping $26,000 a year folks.

Do these companies really think they can hire good people for this type of pay? Do they understand that people go to school for an MBA so that they can make more than they did without the degree? Thirty thousand dollars a year is $15 an hour. I've known 18 year old's that make $15 an hour.

Here are the direct links if you'd like to check out the jobs on your own (note, the content probably wont be on Craig's List for long so don't be surprised if the links don't work a week after I write this):

Financial Modeling/Excel Wizard- $30,000/yr
Project Manager- $26,000/yr

Happy job hunting!

-Jeff the Great


AdamD said...

And yet, they're likely flooded with applicants.

Jmartens said...

@AdamD You are probably right. Though with poor job descriptions and ridiculous pay, both the companies and whoever takes the jobs are setting themselves up for disaster.

Jmartens said...
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