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It'll push towards the kind of compensation that isn't easily captured by those metrics. There is an incentive for this asymmetry to exist, and the thought that
by ChicagoBoy11 4y ago
It'll push towards the kind of compensation that isn't easily captured by those metrics. There is an incentive for this asymmetry to exist, and the thought that we can just outlaw it out of the way is noble but flawed with tremendous hubris. The unintended effect is that it'll now become EVEN HARDER to truly gauge overall compensation... things like bonuses, gifts-in-kind, etc., all will increase. When a co is required to put something like this out there, every internal and external stakeholder will begin seeing the number published as some lower-bound of a "fair" salary ("hey, why is the new guy getting more money than me?"), so they will be incentivized to reveal as little as possible OR to give as imprecise a number as they can.