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If you look for a job long enough, you’re bound to run into the phrase “pay is competitive.”
This vaguely promising but subjective line appeared in more than 500 job listings on LinkedIn in the US alone this week – retail positions in particular – but it ultimately doesn’t hold companies accountable to committing to any particular salary level.
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“Saying ‘pay is competitive’ doesn’t really add much to the job description, but companies will often throw it in there because it sounds good. Who doesn’t want competitive pay?” said Tracy Cote, chief people officer of online marketplace, StockX. “Most companies think they are paying competitively, whether they are or not.”