Why is Disney pay so low when they are doing so well?
Why does Disney pay so horribly when they are also so successful? Who takes all the profit? https://finance.yahoo.com/news/disney-is-utterly-dominating-the-2019-box-office-194544087.html
They have the same mentality as every sector of entertainment: pay low because everyone dreams of working there and so many people stay for years and years especially in Florida.
Owning most of the competitors also helps means labor doesn't have as many places to go for better pay in the same industry.
For a company with the amount of money and success they have you wouldnโt believe how risk averse they are. Theyโll pay top dollar for sure bets like Marvel, Lucasfilm and Pixar but do very little innovation on their own...theme parks excluded.
Even in theme parks, their design agency is very innovative in attraction design, but the actual theme park business is industrialized for scale. Very inflexible and risk averse.
Salaries are based on demand and supply of labour. They can afford to pay low because many people are willing to work for them. Same reason that Google can afford to lowball developers. Also, shareholders have first right to company profits, not employees.
Yeah they do hire SWEโs internally too but super lowball then
The executives take it all. As always. Their greed is insatiable.
Executive pay is set by the Board of Directors in consultation with the shareholders. CEOs are paid in fixed base and a lot of stock. The way CEOs can โpay themselvesโ is to make the company more valuable and thus raise the stock price. Their incentives are aligned with the shareholders.
Because they can and because they already outsource a lot of their operation to reduce costs.
I currently work in the California Resort and from my experience the workers are paid fairly well, especially when 90% of the labor is entry level/no experience. On top of only two departments not being unionized who fight for higher wages ever time a contract expires.
I think he meant the real Disney employees, like the ones that work in tech and are legit.
Like real legit tech workers at Verizon Media?
This sounds like a fairly naieve question. Who do you think takes all the profit? Check exec TC. Board of directors. Investors. Thats capitalism baby!
And they hire only contractors for SWE jobs as well.
No true, I interviewed for SWE with them before. They have full cooperate employees. This was for Disney Digital/Interactive in Glendale
I sure got a lot of job spam for their streaming service, so Idk about that