2 ms·
> The end result is a company giving pay transparency ends up either with a much bigger labor bill, or staffed by poor performers. I think that a system based
by Nextgrid 5y ago
> The end result is a company giving pay transparency ends up either with a much bigger labor bill, or staffed by poor performers.
I think that a system based on secrecy and/or asymmetry of information won't last long, and in fact I think the current "chaos" happening in the labor market suggests that a majority caught on to what their "true" market value is despite salary secrecy and companies will have to deal with a bigger labor bill no matter what.
- ethbr0 5y agoMarket value << supply:demand When it comes to salary pricing. Companies respond to "We need employees but can't find any" much more quickly than "Our compensations seems off market averages."