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> but posting salary ranges for new employees has other downsides - e.g. it might tilt existing employees. Fucking good. It's absolutely scummy to secretly pa
by Sohcahtoa82 4y ago
> but posting salary ranges for new employees has other downsides - e.g. it might tilt existing employees.
Fucking good.
It's absolutely scummy to secretly pay new hires more than your experienced existing employees.
It's also extremely short-sighted. You'd rather deal with attrition costs of losing a trained, experienced employee and having to find new candidates and train someone new, than to just give your current employees the pay raise they obviously deserve?
> Sharing salary range basically reduces the knowledge advantage of a company in many ways.
That's the fucking point.
- badpun 4y ago> You'd rather deal with attrition costs of losing a trained, experienced employee and having to find new candidates and train someone new, than to just give your current employees the pay raise they obviously deserve? The job market is a market, meaning it's a game between buyers and sellers. "Deserve" does not exist there. The companies are obviously counting on the fact that majority of people will prefer to stay put instead of risk jumping ship for a salary increase - which is in fact what happens in practice.