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Lots of tech companies use Ravio, Pave, etc to track the compensation their competitors are offering employees at similar levels. These tools plug straight int
by gorgoiler 3y ago
Lots of tech companies use Ravio, Pave, etc to track the compensation their competitors are offering employees at similar levels. These tools plug straight into your payroll to give all the participants “live” market data.
Isn’t this also price fixing?
- rocqua 3y agoIs it recommending salaries? The issue with the rent thing is that the algorithm sets a price, so collusion could easily be offloaded onto the algorithm. Something similar should also happen with salaries before this becomes a real problem right?
- galdosdi 3y agoIf they have material nonpublic information about salaries and share it for the purpose of coordinating salaries, then yes, this is or should be illegal price fixing. They can solve the problem by making the data public, thus giving the same competitive negotiation advantage to the employee. The publicness is the key part -- it's price fixing when They trade information with Each Other, information that is unavailable to You and is essentially valuable to both sides in negotiating an employment offer