4 ms·
I'm guessing it wouldn't work because it is quite a lot easier to tell when a company is being hostile when they're disclosing information, as opposed to a comp
by contravariant 3y ago
I'm guessing it wouldn't work because it is quite a lot easier to tell when a company is being hostile when they're disclosing information, as opposed to a company being reluctant to disclose information. I mean, given the choice between a job listing stating a pay scale of $0-$10000000 or $75000-$125000 it'd be very optimistic to assume the former will actually lead to a higher offer.
Basically by forcing employers to state a scale you force them to bid against each other not only on the total amount but also the specificity. When there's only a few companies disclosing any information at all this competition has little effect, but this changes when they're supposed to say something (and I think courts will rule that $0-$10000000 is not a real pay grade, one end is below minimum wage and the other is probably higher than can fit in the budget).
Of course is there's no enforcement at all it can still devolve in the same meaningless pay scale everywhere.
- sz4kerto 3y ago> job listing stating a pay scale of $0-$10000000 or $75000-$125000 it'd be very optimistic to assume the former will actually lead to a higher offer. Well, this is roughly how banking compensation and bonuses work and tons of people play this game because the expected return is higher than eg in the public sector with very well defined salaries. This is an extreme example but I could have said "German engineering company vs Silicon Valley startup".
- naniwaduni 3y agoIt's still more informative just to see what amount of information the company will disclose in the posting. And in any case, you usually know when you're applying into an industry where TC is wildly out of step with salary and judge accordingly.
- contravariant 3y agoWe're not talking about a probability distribution though, we're talking about a company coming up with a wage offer for a job. If a company can't give you a range that doesn't cover multiple orders of magnitude then they're incompetent or lying, neither really bodes well for your hypothetical employment.
- cyanydeez 3y agoI think the adversarial counter is that employees would avoid any job listing job salary bands that are to wide or just out of expectations. this should incentives most honest bands and narrow ranges.