How do people end up overqualified and underpaid for their work? And what counts as exploitation? Lots of people think that they deserve jobs because of a prestigious degree, but companies are increasingly putting experience first. In today’s episode of Never in Reverse, Doug and Jeremy discuss qualifications, compensation, and exploitation. Learn how to set yourself up for success by putting experience and hands-on skills first.
Doug and Jeremy begin by discussing the “overqualification trap” that they see more and more new workers falling into – and how to avoid it. Next, they move on to discussing compensation and how underpayment can be a matter of perspective. Finally, they discuss common misconceptions and myths on exploitation.
For detailed show notes, navigate using the time stamps below:
[0:00] Introduction
[4:04] Today’s episode will focus on how people become overqualified and underpaid. Jeremy terms this problem the “overqualification trap,” and he says it has a lot to do with higher education paths people go down.
[7:14] Employers are growing tired of applicants presenting a degree as the key piece of evidence that they deserve a job. You have to work your way up, and work experience is becoming much more important as a result.
[9:33] Most people who get their higher education in a field do not go into a career in that field.
[13:33] When possible, Jeremy likes to test applicants on skills through hands-on skill testing. This allows him to look past resumes and learn who his candidates are.
[18:54] Fluent Conveyors is a very transparent organization. Jeremy shares his plans for the company’s future with his teams and looks for feedback from all of his employees.
[19:57] Barriers to entry, income limits, and hierarchies can be used to exploit salespeople. Some companies put their sales teams in a box by demanding an unnecessary level of control over them.
[27:26] Environments that do not push their teams do not allow their team members to grow. Organizations that recognize the talent they have hired push their staff to perform at their best.
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