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Fidelity Investments Salaries | How Much Does Fidelity Investments Pay in the USA
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Nationwide
$71K
(59 salaries)
Equal to national average Software Engineer salary ($71K)
+$6K (8%) more than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
+$65K (66%) more than average Fidelity Investments salary ($65K)
“very good pay”
+$8K (11%) more than average Fidelity Investments salary ($65K)
“Medium”
+$25K (32%) more than average Fidelity Investments salary ($65K)
“It’s good salary”
See 56 More Fidelity Investments Software Engineer Salaries
$65K
(3 salaries)
Equal to national average Planning Consultant salary ($65K)
Equal to average Fidelity Investments salary ($65K)
$50K
$100K
$150K
-$5K (8%) less than average Fidelity Investments salary ($65K)
“Fidelity give a lot of opportunities for overtime and for moving up. From people I have spoken with they do have competitive pay.”
-$12K (20%) less than average Fidelity Investments salary ($65K)
“Overall, the pay was fair.”
+$5K (7%) more than average Fidelity Investments salary ($65K)
“Very competitive”
$36K
(27 salaries)
Equal to national average Financial Services Representative salary ($36K)
-$29K (57%) less than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
-$23K (42%) less than average Fidelity Investments salary ($65K)
“It’s fair for the work load and comes with unparalleled training.”
-$19K (34%) less than average Fidelity Investments salary ($65K)
“Pretty much where I probably should be. Bonuses are quite good, but are sales based. “
-$35K (73%) less than average Fidelity Investments salary ($65K)
See 24 More Fidelity Investments Financial Services Representative Salaries
$56K
(17 salaries)
-$4K (6%) less than national average QA Engineer salary ($60K)
-$9K (14%) less than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
-$4K (6%) less than average Fidelity Investments salary ($65K)
“Due to my age and experience, I believe that I have been overall underpaid for my work. However, I am more than willing to keep working to prove myself proficient and worth a higher salary.”
+$8K (11%) more than average Fidelity Investments salary ($65K)
“Good pay. I am happy with the pay.”
-$14K (24%) less than average Fidelity Investments salary ($65K)
See 14 More Fidelity Investments QA Engineer Salaries
$155K
(4 salaries)
+$34K (24%) more than national average Director of Architecture salary ($121K)
+$90K (81%) more than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
+$65K (66%) more than average Fidelity Investments salary ($65K)
“I thought it was competitive but at Fidelity there are other factors, like 401K contributions, bonuses and shares. “
+$145K (105%) more than average Fidelity Investments salary ($65K)
“Bonus and 401K match takes fidelity in front of other competitors”
+$66K (67%) more than average Fidelity Investments salary ($65K)
See 1 More Fidelity Investments Director of Architecture Salaries
$62K
(2 salaries)
+$18K (33%) more than national average Software Engineering Intern salary ($44K)
-$3K (4%) less than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
-$15K (26%) less than average Fidelity Investments salary ($65K)
“The pay at Fidelity Investments was adequate for the work that I did as an intern.”
+$8K (11%) more than average Fidelity Investments salary ($65K)
“Seems to be good.”
$56K
(18 salaries)
Equal to national average Financial Analyst salary ($56K)
-$9K (14%) less than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
-$14K (24%) less than average Fidelity Investments salary ($65K)
-$21K (38%) less than average Fidelity Investments salary ($65K)
+$26K (33%) more than average Fidelity Investments salary ($65K)
See 15 More Fidelity Investments Financial Analyst Salaries
$69K
(17 salaries)
+$1K (1%) more than national average Software Developer salary ($68K)
+$4K (5%) more than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
+$65K (66%) more than average Fidelity Investments salary ($65K)
“I’ve worked at Fidelity many years at different positions, and I believe their remuneration structure has always been above average for the area and average for responsibility level. “
+$65K (66%) more than average Fidelity Investments salary ($65K)
+$25K (32%) more than average Fidelity Investments salary ($65K)
See 14 More Fidelity Investments Software Developer Salaries
$88K
(15 salaries)
-$3K (3%) less than national average Senior Software Developer salary ($91K)
+$23K (30%) more than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
+$20K (26%) more than average Fidelity Investments salary ($65K)
“The salary is good when you factor in other benefits. As a financial services company the 401k benefits are extremely good and the PTO policy is solid, capping out at 20 days at 5 years. Bonuses are generally around 10-15% of base salary, with the chance of more, though this has been rare in recent years.”
+$5K (7%) more than average Fidelity Investments salary ($65K)
-$24K (45%) less than average Fidelity Investments salary ($65K)
See 12 More Fidelity Investments Senior Software Developer Salaries
$56K
(12 salaries)
-$15K (23%) less than national average Business Systems Analyst salary ($71K)
-$9K (14%) less than average Fidelity Investments salary ($65K)
$50K
$100K
$150K
+$14K (19%) more than average Fidelity Investments salary ($65K)
“I feel I am paid fair but sometimes feel that it’s not enough given the amount of extra effort I put in each day. “
+$46K (52%) more than average Fidelity Investments salary ($65K)
-$24K (45%) less than average Fidelity Investments salary ($65K)
See 9 More Fidelity Investments Business Systems Analyst Salaries
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VP of Development
is the highest paying job at Fidelity Investments at $196,000 annually.
Quality Auditor
is the lowest paying job at Fidelity Investments at $22,000 annually.
Fidelity Investments employees earn $65,000 annually on average, or $31 per hour.
- Dallas, TX – 2
- Irving, TX – 2
- Morrisville, NC – 2
- Nashua, NH – 2
- Raleigh, NC – 2
- Roanoke, TX – 2
- Albuquerque, NM – 1
- Bellevue, WA – 1
- Blue Ash, OH – 1
- Cary, NC – 1
- Cincinnati, OH – 1
- Coral Gables, FL – 1
- Englewood, CO – 1
- Franklin, MA – 1
- Greenwood Village, CO – 1
- Jersey City, NJ – 1
- Jersey, GA – 1
- Latonia, KY – 1
- Manchester, NH – 1
- Manhattan, NY – 1
- Mason, OH – 1
- McLean, VA – 1
- Minneapolis, MN – 1
- New York City, NY – 1
- Providence, RI – 1
- Roseville, CA – 1
- Sarasota, FL – 1
- Smithfield, NB – 1
- Southlake, TX – 1
- West Lake Hills, TX – 1
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53 salaries
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23 salaries
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19 salaries
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15 salaries
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15 salaries
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- See more Fidelity Investments salaries by Location
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Fidelity Investments – Boston, MA
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Fidelity Investments – Keene, NH
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Fidelity Investments – Naperville, IL
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Fidelity Investments – Naperville, IL
Average Fidelity Investments Salary By Location, Job Title, and Department
Updated August 22, 2022
$70,628yearly
To create our salary estimates, Zippia starts with data published in publicly available sources such as the U. S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More
$33.96 hourly
Entry level Salary
$41,000
yearly
$41,000
10%
$70,628
Median
$119,000
90%
Highest Paying Jobs At Fidelity Investments
While the average employee salary at Fidelity Investments is $70,628, there is a big variation in pay depending on the role. Some of the positions that earn high wages at Fidelity Investments include director, trader, principal software engineer, and management consultant. A typical director salary at Fidelity Investments is $131,071. Other roles at Fidelity Investments include cashier and customer service representative. A cashier at Fidelity Investments earns an average yearly salary of $31,109.
Highest Paying Jobs At Fidelity Investments
| Rank | Job Title | Average Fidelity Investments Salary | Hourly Rate |
|---|---|---|---|
| 1 | Director | $131,071 | $63. |
| 2 | Trader | $101,636 | $48.86 |
| 3 | Principal Software Engineer | $99,614 | $47.89 |
| 4 | Management Consultant | $98,276 | $47.25 |
| 5 | Senior Java Developer | $96,198 | $46.25 |
| 6 | Project Manager | $90,358 | $43.44 |
| 7 | Finance Associate | $90,166 | $43.35 |
| 8 | Investment Consultant | $89,916 | $43.23 |
| 9 | Database Administrator | $88,225 | $42.42 |
| 10 | Senior Software Development Engineer | $86,543 | $41.61 |
| 11 | Quality Assurance Tester | $86,418 | $41.55 |
| 12 | Business Analyst | $86,122 | $41.40 |
| 13 | Team Leader | $85,432 | $41.07 |
| 14 | Lead Technician | $83,296 | $40. |
| 15 | Java/J2ee Developer | $82,787 | $39.80 |
| 16 | Investment Advisor | $82,596 | $39.71 |
| 17 | Relationship Manager | $79,931 | $38.43 |
| 18 | Account Executive | $77,782 | $37.40 |
| 19 | Executive Assistant | $72,367 | $34.79 |
| 20 | Systems Analyst | $71,344 | $34.30 |
Highest Paying Fidelity Investments Competitor Salaries
Based on our research, similar companies to Fidelity Investments are Nomura Securities, Credit Suisse, and First Republic Bank. The average salaries at Nomura Securities rank the highest, with their employees earning an average salary of $115,227 per year. Employees at Credit Suisse earn an average of $109,075 per year, and the employees at First Republic Bank earn an average salary of $108,055 per year.
Salaries By Fidelity Investments Competitors
| Rank | Company Name | Zippia Score | Average Salary |
|---|---|---|---|
| 1 | Nomura Securities | 4. |
$115,227 |
| 2 | Credit Suisse | 4.9 | $109,075 |
| 3 | First Republic Bank | 4.9 | $108,055 |
| 4 | Deutsche Bank | 4.9 | $107,247 |
| 5 | UBS | 4.9 | $92,119 |
| 6 | J.P. Morgan | 4.6 | $91,013 |
| 7 | Putnam Investments | 4.9 | $90,219 |
| 8 | ProFund Advisors | 4.4 | $88,591 |
| 9 | BlackRock | 4.9 | $87,853 |
| 10 | Merrill Lynch | 4.9 | $87,121 |
| 11 | TD Ameritrade | 4.8 | $86,358 |
| 12 | Janus Henderson U.S. | 4.8 | $85,842 |
| 13 | Standard Chartered | 4.8 | $85,592 |
| 14 | Franklin Templeton | 4.8 | $81,534 |
| 15 | eMoney Advisor | 3.9 | $75,569 |
| 16 | MFS Investment Management | 4. |
$73,043 |
| 17 | Morningstar | 4.7 | $72,808 |
| 18 | John Hancock Investment Management | 4.4 | $72,315 |
| 19 | The Vanguard Group | 4.9 | $71,689 |
| 20 | Bank of Scotland | 4.5 | $48,315 |
Average Pay By State For Fidelity Investments
| Rank | State | Average Fidelity Investments Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York | $84,161 | $40.46 |
| 2 | Washington | $81,642 | $39.25 |
| 3 | California | $80,474 | $38.69 |
| 4 | District of Columbia | $76,506 | $36.78 |
| 5 | New Jersey | $75,677 | $36.38 |
| 6 | Massachusetts | $74,753 | $35.94 |
| 7 | Connecticut | $73,844 | $35. |
| 8 | Oregon | $72,547 | $34.88 |
| 9 | New Hampshire | $72,035 | $34.63 |
| 10 | Rhode Island | $71,937 | $34.59 |
| 11 | Maryland | $71,561 | $34.40 |
| 12 | Minnesota | $71,455 | $34.35 |
| 13 | Illinois | $70,367 | $33.83 |
| 14 | Pennsylvania | $70,055 | $33.68 |
| 15 | Virginia | $69,966 | $33.64 |
| 16 | Maine | $68,073 | $32.73 |
| 17 | Michigan | $67,377 | $32.39 |
| 18 | Ohio | $66,561 | $32.00 |
| 19 | Nevada | $66,460 | $31.95 |
| 20 | North Carolina | $66,452 | $31.95 |
How Much Does Fidelity Investments Pay By Location?
It’s no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. Looking at our data, we can see that employees at Fidelity Investments earn more in some areas than others. Our data shows that Fidelity Investments employees in New York, NY get paid the most, where the average yearly pay is $84,272. This can be compared to Los Angeles, CA, where Fidelity Investments employees earn an average salary of $80,028.
Salaries By Location At Fidelity Investments
| Rank | Location | Average Fidelity Investments Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York, NY | $84,272 | $40.52 |
| 2 | Los Angeles, CA | $80,028 | $38.48 |
| 3 | Jersey City, NJ | $75,832 | $36.46 |
| 4 | Boston, MA | $74,668 | $35.90 |
| 5 | Merrimack, NH | $72,252 | $34.74 |
| 6 | Smithfield, RI | $71,847 | $34.54 |
| 7 | Chicago, IL | $70,538 | $33. |
| 8 | Durham, NC | $67,168 | $32.29 |
| 9 | Denver, CO | $65,625 | $31.55 |
| 10 | Westlake, TX | $64,942 | $31.22 |
| 11 | Covington, KY | $62,823 | $30.20 |
| 12 | Salt Lake City, UT | $62,464 | $30.03 |
| 13 | Albuquerque, NM | $61,568 | $29.60 |
Fidelity Investments Salaries By Department
The salaries that employees earn in Fidelity Investments can be influenced by the department or organization function that they work in. Our data shows that employees in business development roles earn the highest wages at Fidelity Investments, with an average yearly salary of $92,722. The engineering department also pays well, with an average salary of $88,072 per year. The organizational functions at Fidelity Investments that pay the least are customer service and administrative. Workers in these departments earn $46,631 and $55,091, respectively.
Salaries By Department At Fidelity Investments
| Rank | Department | Average Fidelity Investments Salary | Hourly Rate |
|---|---|---|---|
| 1 | Business Development | $92,722 | $44.58 |
| 2 | Engineering | $88,072 | $42.34 |
| 3 | Plant/Manufacturing | $87,710 | $42.17 |
| 4 | Marketing | $85,605 | $41.16 |
| 5 | IT | $78,974 | $37.97 |
| 6 | Sales | $72,730 | $34.97 |
| 7 | Accounting | $68,463 | $32.91 |
| 8 | Human Resources | $65,593 | $31.54 |
| 9 | Finance | $62,484 | $30.04 |
| 10 | Administrative | $55,092 | $26.49 |
| 11 | Customer Service | $46,632 | $22. |
How Much Does Fidelity Investments Pay by Department?
Best Paying Fidelity Investments Finance Position Salaries
| Rank | Position | Average Fidelity Investments Salary | Hourly Rate |
|---|---|---|---|
| 1 | Trader | $101,636 | $48.86 |
| 2 | Risk Manager | $94,385 | $45.38 |
| 3 | Finance Associate | $90,166 | $43.35 |
| 4 | Contracts Manager | $86,752 | $41.71 |
| 5 | Investment Advisor | $82,596 | $39.71 |
| 6 | Consultant | $75,587 | $36.34 |
| 7 | Senior Analyst | $72,847 | $35.02 |
| 8 | Retirement Plan Specialist | $68,101 | $32.74 |
| 9 | Investment Representative | $67,747 | $32.57 |
| 10 | Operations Analyst | $66,978 | $32. |
| 11 | Transaction Processor | $60,023 | $28.86 |
| 12 | Stock Broker | $55,459 | $26.66 |
| 13 | Retirement Specialist | $52,360 | $25.17 |
| 14 | Account Processor | $46,279 | $22.25 |
| 15 | Finance Representative | $38,516 | $18.52 |
Best Paying Fidelity Investments Engineering Position Salaries
| Rank | Position | Average Fidelity Investments Salary | Hourly Rate |
|---|---|---|---|
| 1 | Senior Project Manager | $100,305 | $48.22 |
| 2 | Principal Software Engineer | $99,614 | $47.89 |
| 3 | Database Administrator | $88,225 | $42.42 |
| 4 | Data Analyst | $87,044 | $41.85 |
| 5 | Technical Project Manager | $86,969 | $41. |
| 6 | Senior Software Development Engineer | $86,543 | $41.61 |
| 7 | Information Architect | $85,046 | $40.89 |
| 8 | Java/J2ee Developer | $82,787 | $39.80 |
| 9 | Java Developer | $79,629 | $38.28 |
| 10 | SAS Programmer | $78,667 | $37.82 |
| 11 | Systems Programmer | $76,840 | $36.94 |
| 12 | Test Analyst | $69,110 | $33.23 |
| 13 | Operations Representative | $38,828 | $18.67 |
Best Paying Fidelity Investments Customer Service Position Salaries
| Rank | Position | Average Fidelity Investments Salary | Hourly Rate |
|---|---|---|---|
| 1 | Client Services Manager | $86,351 | $41.51 |
| 2 | Systems Support Analyst | $84,174 | $40. |
| 3 | Senior System Support Analyst | $81,702 | $39.28 |
| 4 | Client Representative | $50,089 | $24.08 |
| 5 | Resolution Specialist | $44,577 | $21.43 |
| 6 | Customer Service Associate | $43,873 | $21.09 |
| 7 | Customer Service Representative | $36,867 | $17.72 |
Recently Added Fidelity Investments Salaries
Frequently Asked Questions About Fidelity Investments Salaries
Is The Pay Good At Fidelity Investments?
No, the pay is not good at Fidelity Investments. Compared to the industry average of $86,479 per year, the average annual salary at Fidelity Investments is $70,628, which is 18.33% lower.
What Is The Starting Pay At Fidelity Investments?
The starting pay at Fidelity Investments is $41,000 per year, or $19.71 per hour.
How Much Does Fidelity Investments Pay Compared To J.
p. Morgan?
Fidelity Investments pays $70,628 per year on average compared to J.P. Morgan which pays $91,013. That works out to $33.96 per hour at Fidelity Investments, compared to $43.76 per hour at J.P. Morgan.
How Much Does Fidelity Investments Pay An Hour?
Fidelity Investments pays $33.96 an hour, on average.
What Benefits Does Fidelity Investments Offer?
Fidelity Investments offers comprehensive benefits including family planning, wellness, financial benefits, paid time off, employee perks, and professional development. The top-rated benefits at Fidelity Investments include its wellness and employee perks programs.
Have more questions? See all answers to common company questions.
Search For Jobs
Zippia gives an in-depth look into the details of Fidelity Investments, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fidelity Investments. The employee data is based on information from people who have self-reported their past or current employments at Fidelity Investments. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, h2B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Fidelity Investments. The data presented on this page does not represent the view of Fidelity Investments and its employees or that of Zippia.
Fidelity Investments may also be known as or be related to FMR Co., FMR LLC, Fidelity Investments, Fidelity Investments Inc and Fmr Corp.
Salary: For work, for loyalty
10/23/2008 | Vladimir Gimpelson
Wage growth, high employment, low unemployment – these are serious arguments for the current government in any country in a dispute with their political opponents. Conversely, a reduction in employment and a corresponding drop in income is always an unpleasant political challenge. And although in a “souvenir” democracy the main concerns of politicians may be different, these considerations also cannot be completely disavowed, because the authorities must pay something for the loyalty and (or) apathy of the population. The financial crisis is only gaining momentum, and no one seems to know where the bottom is yet. But for crises and the way out of them, ordinary taxpayers working for hire always and everywhere pay. The value and structure of this price largely depends on how the labor market is institutionally arranged. nine0003
Peculiarities of the Russian labor market
Employment and working hours in our country have approached their potential maximums, while unemployment has reached its minimum. Poverty has also been significantly reduced. But the most striking achievement is the rapid growth of the wages of Russians. It not only began to be paid on time and in full again, but its level in real terms increased over 2000-2008. 2.5 times, and in dollars – almost 9 times. Throughout this period, the annual growth rate of real wages lay in the corridor from 10% to 20%. It was the growth of wages as the main source of income for most families that ensured the consumer boom. nine0003
What provided such an increase in salaries? On the one hand, there is an abundance of liquidity in Russia and in the world, on the other, specific Russian labor market institutions. As a result of the 1998 crisis, the fall in real wages was excessive, and therefore a certain recovery growth became inevitable. Commodity prices then went up, fueling economic growth and creating the conditions for rising wages. An unprecedented influx of raw material money and good world credit conditions have made financial resources relatively accessible and cheap for everyone. The oil and steel workers, being at the top of the wage distribution, pulled it up. The state, regularly reviewing the minimum wage and the payment of state employees, tried to push it from below. nine0003
Another factor in wage growth is its institutional structure. It has no direct analogues outside the CIS, and its main feature is that the permanent (basic or tariff) part is on average a little more than half of the wages paid. All adjustment to demand occurs mainly with the help of a variable part, the size of which is usually not specified in any contracts. It is this variable part that enables employers to control their labor costs and compete for workers. All the main labor market risks for employers, potentially related to employment (hiring and firing), the current labor legislation, are maximally weakened, but have not disappeared. It’s just that employers “packed” them into a salary. As a result, ultra-flexible wages insure very rigid employment. This plasticity, which is a consequence of the linking of wages to the financial results of companies (in the private sector) or to budget revenues at all levels (in the public sector), is the main mechanism of insurance against shocks in the Russian labor market. It doesn’t matter how a particular employee works, what matters is how successful the company in which he was lucky to be. Therefore, even a poor worker at Gazprom will receive an order of magnitude more than an excellent worker in the light industry. nine0003
As a result, wages always fall sharply in response to negative shocks and skyrocket when faced with positive ones. And in the event of a fall, and in the case of growth, it easily slips through the desired level. At the same time, employment in the corporate sector remains extremely inertial: “bad” jobs are extremely durable, and “good” jobs are not born in the right amount.
Social effects of the Russian model
The main social effect of such a model lies in the special distribution of both the costs of crises and recessions, and the fruits of economic growth. In other countries, they tend to be concentrated in a narrow group of workers who lose employment during a crisis and return to employment during a growth phase. In our country, the costs are distributed among all the “insiders” who pay for the crisis with their salaries without losing their jobs, and collect the generous fruits of growth also through rapidly growing salaries. “Insiders” in this case are all employees of large and medium-sized enterprises, protected by labor laws. Every year there are fewer of them (now there are about 38 million people, 10 years ago there were about 4-5 million more). About 30 million more people are “outsiders” in this sense, i.e. they are practically not protected by the current labor legislation, and their salaries remain outside the field of official statistics. Their employment and incomes are highly volatile. nine0003
The mechanism of the labor market described above generates a whole set of consequences that come together as a single “bouquet”. Here are some:
The impact of crises on employment is damped by a significant reduction in wages, and therefore has a relatively weak effect on the unemployment rate;
Wage inequality is programmed by inequality in the financial performance of private sector companies and inequality in access to financial resources by public sector organizations; nine0003
Wage inequality stimulates intensive staff turnover, which in turn discourages employers from investing in specific human capital, ie training and retraining of personnel;
Employers’ refusal to invest in training exacerbates symptoms of a shortage of skilled labor;
the spread of various atypical forms of employment and a significant informal sector, numbering 15-20 million people (depending on the method of counting). nine0003
If we don’t really like this “bouquet”, then we can’t separate it into separate “flowers”. This requires a different model with different institutions.
Political consequences
Voters are always ready to thank the authorities for the growing well-being with a high rating of support and at the same time switch to solving their private daily concerns. While wages and other incomes are growing so steadily, all the population’s claims to the authorities are temporarily receding into the background. At the same time, the opposition is neutralized, which is deprived of important arguments regarding welfare. nine0003
For the past eight years, the president’s popularity has skyrocketed. But with the growth rates of wages observed all these years, it was hard for the president not to be popular. For rapidly growing wages and sudden (relative) well-being, the layman is ready to forgive the authorities for everything. It can be said that the rapid growth of wages was the cement of the current socio-political stability. According to a study by political scientist Daniel Treisman (see “The Roots of Putin’s Rating”, “Vedomosti” dated February 6, 2008, p. A4), the popularity of Russian presidents at any given time for 1992-2007 largely due to how citizens assessed their material well-being. The salary here is the main component and the main driver. When a pie grows rapidly, it is relatively easy to divide it among social groups, since there is enough for everyone. When the increment stops, and even more so if the pie begins to shrink in size, then they begin to fight even for crumbs. The wild group appetites adapt to such processes with difficulty.
The fat years of commodity growth seem to be ending. Commodity prices are still quite high, but no one knows what will happen tomorrow. There is more and more evidence of global slowdown every day. Many ambitious investment plans that seemed real yesterday already look virtual today. If the crisis in our country becomes a general economic one, and everything is moving towards it, then wages will have their say, since this is the easiest way to save money. Past crises have taken a quarter or a third of their real wages from ordinary Russians. Institutionally, little has changed since then, but the higher the salary, the more painful the loss. nine0003
When cement crumbles at the base, the stability of the entire building is threatened. Then the Russians can remember everything that recently they preferred not to notice: the elimination of political competition, and not very fair elections, and restrictions on political and economic freedoms, and the lack of an independent judiciary, and total corruption, and high inflation. And also much more.
The original article was published in the Vedomosti newspaper on October 23, 2008, No. 201 (2223)
Vladimir Gimpelson — Director of the Center for the Study of Labor Relations at the State Higher School of Economics
Printable version
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Emil Dabaghyan
Profile defined
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Evaluation of work – is it a salary, salary, pay or salary?
July 21, 2009
Pyatigorskaya Pravda
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Synonyms salary, salary, wages, pay represent the concept of “pay for labor” in the language. The oldest of them is the word salary, found in the texts of the XII-XIII centuries. It was used in the sense of “a certain payment for service in money” and, thus, was associated with the concept expressed by the verb serve. The service was usually called the performance of the duties of an official, a military man, an employee of a state institution, a servant. It was these categories of employees who received remuneration for their work in the form of salaries. It is important to emphasize that the concept of “serve” in our minds has always had a slightly different meaning than just “employment” or “acting as an employee.” “Service” implied not only relations of subordination such as “vassal-suzerain”, “master-servant”, but also certain moral and ethical obligations of the parties in relation to each other. The side served must be fair and merciful, and the serving side must show not only diligence and diligence in the service, but also respect, loyalty to its overlord (which may be the state). This is evidenced by stable expressions: to serve faithfully; serve the tsar and the Fatherland; serve the Soviet Union; I serve Russia. nine0114 Thus, the noun salary expresses an understanding of wages for labor, on the one hand, as the favor of the overlord.
On the other hand, as a fair reward for fidelity to duty, honesty, diligence.
It can be assumed that it was precisely the close connection of the word salary with the concepts of “service”, “mercy” that led to the fact that by the 30s. 20th century this word becomes little used, is perceived as obsolete and is replaced by the expression wages, as well as its abbreviated equivalent wages. nine0114 The new designation of wages reflects the relationship between the two parties in the labor process in a fundamentally different way. This is no longer the relationship of master and servant, vassal and overlord, but the relationship of employer and employee, largely freed from the moral and ethical “context” to which we paid attention above. Indeed, what is wages, wages? It is that which is earned through one’s own efforts, and is not given as a favor or reward for service. nine0114 If earlier the expression thirteenth salary (guaranteed payment according to the results of the year) was a common phraseological unit, then in modern revolutions there are oppositions (“bad” – “good”) black salary, gray salary, shadow salary – white salary.