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> This provides some efficiency for workers, because there are companies out there who hide ranges and then low-ball really hard There is an element of psychol
by ravenstine 4y ago
> This provides some efficiency for workers, because there are companies out there who hide ranges and then low-ball really hard
There is an element of psychological warfare introduced by having companies provide hard numbers for what they are willing to pay, especially for industries where employees are less empowered than in tech. By making companies provide salary ranges, you're convincing most employees to not suggest pay that is outside of that boundary. People have a bias towards making choices that appear agreeable, even if it means choosing something like less pay. It's very profitable to convince employees suppress their own pay.
- lotsofpulp 4y ago> People have a bias towards making choices that appear agreeable, even if it means choosing something like less pay. If true, how do public pay ranges affect this negatively? Assuming your premise is correct, without the public pay range, employee would likely accept whatever number employer throws out. With the public pay range, employee can sort job listings and eliminate employers paying at the bottom, or at least reply back with “if you do not pay me as much as businesses X, then I will go apply there”. Also, this law is for employees to know when their market price has risen and new coworkers are earning more.
- Jensson 4y agoPeople who earn a lot discuss their salary more, so without public ranges your perception will be biased towards the higher end so likely you'll ask for more.
- kingrazor 4y agoI don't see how this changes anything. At every non-tech job I've ever had there was no salary negotiation, I either took what was offered or I didn't get the job.
- lumost 4y agoIt also means that every employee can look at the competitor and see who pays more. Loyalty doesn't go far when you see the other guy pays 20% more.