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These bills are mostly useless if they don't include bonus and stock compensation, and this bill only requires a "general description" of other benefits. Compa
by throwawaygh 5y ago
These bills are mostly useless if they don't include bonus and stock compensation, and this bill only requires a "general description" of other benefits.
Companies that don't want market transparency will simply restructure compensation packages -- "bonuses" doled on on a 24 pay period amortized schedule are an option even when equity isn't.
In tech, salary being mostly useless as a measure of total comp is already the status quo... if someone tells you that their salary is $160,000 then could be making $160,000 or they could be making >$1M. Expect to see similar behavior but even at the $60K/yr jobs.
- Splendor 5y ago> These bills are mostly useless if they don't include bonus and stock compensation Most employees in Washington State receive neither. Step out of the tech bubble for a second.
- throwawaygh 5y agoYou missed the point. What stops non-tech employees who want to conceal salaries from restructuring compensation as salary + a bonus earned in biweekly installments? To repeat myself, > Expect to see similar behavior but even at the $60K/yr jobs.