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This squares with my experience. In 2007 I had a social conversation with a well known and successful operator / VC in the valley about new ideas. Having just
by kareemm 7y ago
This squares with my experience.
In 2007 I had a social conversation with a well known and successful operator / VC in the valley about new ideas. Having just gone through negotiations for a raise at my corporate job, the information asymmetry between corporations and employees about salaries was huge.
So my thinking was that it was only a matter of time until salary information became more open. He was adamant that it would never happen. Sharing salary information between employees was heresy. Mind you, I was also 30 and he was in his 50s.
12 years later Glassdoor, levels.fyi, etc are all things.
For whatever reason - he hadn’t gone through a salary negotiation in a long time, generational culture, etc - this was a major blind spot for him.
- 7777fps 7y agoBut sharing salary information is still heresy, it's attempted in secret across opaque unverifiable websites that companies themselves like to game.
- jefftk 7y agoPeople can break this dynamic by just going ahead and sharing their salaries: https://jefftk.com/money https://jefftk.com/money At least in the US, employers aren't allowed to keep you from disclosing your compensation.
- kareemm 7y agoThe world has come a long way in the last 12 years and it seems (to me at least) that salary date is trending towards openness.
- pgt 7y agoThanks, didn't know about levels.fyi.
- seibelj 7y agoCorporations now have strict salary bands for almost all roles. Good and bad. Good because it keeps everything equal. Bad because super high performers find it harder to get outsized rewards.
- pjscott 7y agoIt sounds like bonuses and stock grants would be the obvious workaround -- or are those also covered by the salary band limits?