The point wasn't to just raise salaries, but to curtail deceptive practices. I'd rather know they're lowballing me before starting the interview process.
this post was submitted on 30 Oct 2023
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Alt headline: companies start posting more accurate salary descriptions after the government fucking made them.
"Companies stop lying after government institutes consequences."
You know they are always low balling you though, right?
Lol 'lower salaries' they were never legitimately offering those salaries you boot gobbling fool
Last place I interviewed, recruiter and I agreed with my qualifications etc I should ask for 90k. They hired someone for 67.5k with no qualifications. The person literally took a pay cut to take the job. I don't get it.
Sounds like they hired someone unqualified cause it cost them less and the person with no qualifications took it because so would you if that was your best option.
That's why they hate things like welfare or full employment. They need a desperate army of reserve labor to keep wages low.
“While they were being very competitive externally, they were threatening internal equity and internal incentives,” Pollak said. “There needs to be some [salary] growth year after year to keep people around and to keep them engaged.”
Translation: “If we advertise at market rates, our employees might figure out they’re all being underpaid.”
These same companies: "Nobody wants to work."
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Salary range: $35k - $270k
Was looking at a job posting for a role in CA and the range was, I shit you not, 75k-395k.
I kinda want to give them the benefit of the doubt because that's just odd it seems as if someone just fat fingered the 3, because 75-95 makes a lot more sense
But then again corporate gonna corporate soooo
Unfortunately, this level of job regularly pays 200k plus or minus a bit. So I doubt it was a fat finger unless they meant 175-395.
Maybe they did fat finger it, but they didn't care because they weren't being paid enough?
Minimum wage, minimum effort
We need to eliminate the expectation that underpaid workers will or should bust their butt for the potential of a raise.
You treat me right and pay me well (a sustainable income) then I'll move mountains for you. But treat me inhumanely or pay me a pittance and I'll assume you wish I wasn't here.
It's no accident. I was out of a job for half the year and saw this so many times. In states where the laws aren't specific enough, posting an absurd salary range is how companies comply with the letter but not the spirit of it.
You've never shopped for housing in California, have you? $95k doesn't give you rent for a room in a quad.
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That's way too low for CA. But 395 is senior-staff-level.
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What that says to me is they are not looking to fill a specific position. They are collecting resumes for whatever internal backlog and, should they have a need, they'll fill any necessary positions at those salary brackets from their resume pile.
The real number I'd like to know is how much value my labor is actually producing versus what they pay me.
That would be some fun transparency. You could compare ratios and that ratio would be a number people talk about.
The national average is $128,502 in 2017 dollars, $160k+ today. That's well over 3 times the median wage of $45k.
https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_person_employed
They do hold that data of course, where possible. I've heard it called personal P&L.
But tbh I reckon it would only be a new source of depression to know. :p
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Expected based on what? We're recruiting, we had to increase the advertised salary twice. This is public, everyone at the company notices these increases. If they don't come across to the existing people? It will be a riot and mass exodus. Something the company cannot afford to do. Replacing People costs an absolute fortune in time and money.
Replacing People costs an absolute fortune in time and money.
Something that corporate America seems to not care about for some reason these days.
Corporate America is operating on the Car Dealership model: there are enough rubes to fleece it’s not worth the effort to get quality customers/employees.
If they don’t come across to the existing people? It will be a riot and a mass exodus.
No shit. Maybe you should pay your staff market wages?
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This is public, everyone at the company notices these increases. If they don’t come across to the existing people? It will be a riot and mass exodus.
That's a feature, not a bug.
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This was never about raising salaries.
Now that the data is public, the companies can implicitly collude to keep them low. No one will offer more than any other, which will drive them down.
They were already colluding. At least now workers can see it and form unions to fight back.
Except if one chooses not to play ball and pay a little more, it can have the best of the pool. So others compete, I think that's how this is supposed to work
They share it amongst themselves via third party consulting firms already. This just gives the public visibility.
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That’s exactly what I would expect. The goal was largely to end the bait and switch.
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