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> Yes. The law is worthless for jobs that have complex pay structure. I disagree. Comparing base pay is the only objective way to compare salaries. You start t
by simplotek 4y ago
> Yes. The law is worthless for jobs that have complex pay structure.
I disagree. Comparing base pay is the only objective way to compare salaries. You start to get something a kin to fraud when starting to compare "complex pay structures", which are easy to manipulate and use to screw you over if handled by less scrupulous employers/managers.
Also, it seems the law forces companies to list base pay, but they are very well able to complement that info with what they offer to complement the base pay.
- fatnoah 4y agoI work in an industry (Tech) where stock-based compensation for senior folks like me is > 50% of my compensation, and in many cases, that's where the difference in pay arises. Having just the cash compensation made available isn't terribly helpful. For example, my current job has a 5% higher salary than a previous job, but my total income is about 50-60% lower (I'm also much, much happier, FWIW) All that said, I think the folks that this really is designed to help will substantially benefit from having greatly increased transparency.