4 ms·

> A load of companies get together with the aim of making sure they don't pay a penny more than anyone else etc. Are you referring to a general suspicion you h

• abhorrence 5y ago
  Lots of companies engage third party companies that give "industry averages" or "comparable company averages". The company pays them with dollars and also their own average pay information. None of the companies are explicitly getting together and saying "let's keep pay at this level", but there's definitely some fishy stuff going on.
  • ghaff 5y ago
    Since forever, there has been a huge industry of essentially information middlemen who act as a conduit for information companies can't directly ask a competitor for and wouldn't be given it if they could. Totally outside of the HR realm, when I was a computer system product manager pre-Web, we had a consulting firm that we paid way too much money to and when we were going to have a product launch, we asked them to, yes, fax us data sheets on various products we were positioning against. Later, there was another firm that collected pricing information which we needed for our pricing proposals.
• muro 5y ago
  The companies will call it differently - they all share salary data with a third party, which for a discount shares numbers (probably aggregated by role, experience etc) back to the all those companies. Thus, they do "research" to understand the market rate, which they then use for salary negotiations.