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An old neighbor of mine was a headhunter. He once told me that some companies had a trick to get around the law. Upon getting hired, you'd sign a document sayin
by jakevoytko 6mo ago
An old neighbor of mine was a headhunter. He once told me that some companies had a trick to get around the law. Upon getting hired, you'd sign a document saying that you'd agree to all policies in the employee handbook. Pretty standard stuff. One of the company policies was that you needed to prove any previous salary you stated in the negotiation. If it was too far off, they'd just terminate you. The trick is that they didn't ask at all during the hiring process; you're already hired and onboarded and then HR puts a meeting on your calendar to explain the policy to you.
- alexpotato 6mo ago> The trick is that they didn't ask at all during the hiring process; you're already hired and onboarded and then HR puts a meeting on your calendar to explain the policy to you. Yeah, "all bets are off" once you are a FTE.
- gcr 6mo agoIsn’t that too late to negotiate compensation? I had figured most of the value is knowing how to properly lowball candidates
- zamadatix 6mo agoIt sounds like negotiation would still be done however it normally would before things got to this point.
- barbazoo 6mo agoIt sounds made up. Who would go through the negotiating phase, hire the person go through all paperwork only to then gotcha them and fire them if they lied about their past salary? I've never seen an org that actually played games like that.
- m3047 6mo agoDunno, kind of sounds like hiring and then negotiating compensation.
- gcr 6mo ago[dead]
- Balgair 6mo agoChrist, that sounds like a colossal waste of time for everyone
- skeeter2020 6mo agoI call BS. Why would they hire you at an agreed to price, go through the cost & effort and then try and "get you"? Your old neighbour was either in bed with his hiring clients or not very good at his job.
- jakevoytko 6mo agoHe recruited for wall street trading firms; based on the finance types I've met over the years in NYC I would 100% believe some did this just because they hated losing. He was just making the point that you should never lie about your salary history, because he can help you if you didn't want to give it but he couldn't help you if you BSed everyone and got caught.
- seanhunter 6mo agoIt’s definitely made-up. I worked for a Wall Street trading firm in the securities division for 8 years. People lie about comp as a matter of course. Secondly, many/most senior-ish jobs in those firms come with a guaranteed bonus for the first year or couple of years. If they were to fire the person before that period elapsed they would have to pay out the bonus. I know of many people who were fired the day their guarantee elapsed- I can’t think of a single person on a guarantee who was fired before then. To put this into context, we had a guy on a guarantee on our prop desk who came in for one week after he joined, put on a (massively winning) trade that got him enough to get his guarantee and then literally didn’t set foot in the office for the rest of the year[1] until the day he came in to collect his bonus and resign/be fired. [1] And it’s not like he was working from home because people in trading were (for compliance reasons) not allowed to work from home unless there was an emergency like a terrorist incident where the trading floor was closed.
- refurb 6mo agoThat seems like a great way to open your company up to a discrimination lawsuit (whether warranted or not). Not to mention the costs of hiring a new employee you only fire a month later - why bother? Sounds like HR mythology.