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>a) the implicit collusion creates mean reversion that disadvantages talent, who can afford to leave and go where they are valued Doesn't this logic rest on th
by slg 4y ago
>a) the implicit collusion creates mean reversion that disadvantages talent, who can afford to leave and go where they are valued
Doesn't this logic rest on the assumption that companies that pay better than average are doing it accidentally? Facebook has a reputation for paying better than many other tech companies for example. If I know that, Facebook surely knows that. Why would they stop doing that just because other companies are publishing their pay ranges?
- ecshafer 4y agoIt goes a bit beyond that in reality. Companies buy salary data for certain industry segments, then have a goal to pay within a percentile range. A company may say aim to pay on the 50-60th percentile of insurance companies for example.
- wahnfrieden 4y agoIt’s a kind of laundering also. Company absolves responsibility to consultant research data on market, chooses percentile, and forces it onto managers and workers as a due process regardless of precision and accuracy. Can’t argue with a correct looking decision making process just because you don’t like the result. The data however is sus if you’ve seen it
- dilyevsky 4y agoCompanies already do that if not directly then via all kinds of vendor platforms, so what's the difference?