3 ms·
It’s new so the government hasn’t caught on yet. They probably also need a larger market share to be considered fixing.
by october8140 2y ago
It’s new so the government hasn’t caught on yet. They probably also need a larger market share to be considered fixing.
- kasey_junk 2y agoADP has a product called compensation benchmarking which is very similar to how this is described. They’ve had that product (with various names) for years.
- jcomis 2y agoExperian also sells a similar product
- tensor 2y agoNo, this is not new. There are many many many companies selling compensation metrics. This is also not salary fixing. These companies typically do not offer recommendations. It's up to each individual company to decide how to structure their salary bands and how they want to stack up to the market.
- Moto7451 2y agoI actually run a product in this space in Europe as part of my portfolio. To echo your recommendation point; How we do it is pretty much the industry works. We give the low, mid, and high points in our data set based on what variables you input. We get the data from salary surveys and government data sets. It’s all very boring and above board. If companies choose to talk to each other to suppress salaries, they’re not using our tooling to do it. There are also firms that will do all this work for you especially if you lack enough people in your own offices for an internal benchmark. If you’re building a CAD tool you can tell them (paraphrasing) to pretend you’re just like Autodesk and ask how much you should pay a UI designer.
- socksy 2y agoWhat is the name of your European product, and is that data solely available to employers?