points by poisonborz 2 days ago | 0 comments
Such laws do not really help in practice. Does a 60-90k range in EU, commonly given to engineering roles, offer any real guidance? A better system would be publishing the average salary for a similar role, but that would be a privacy problem for a low headcount team, or if the role doesn't exist yet... This is a really hard problem.
[–] igorkraw 1 day ago
[–] colmmacc 1 day ago
Salaries being a public record does come with some downsides for employees.
For the low-paid, it can make it even harder to get credit, or a place to rent, and it can be used for other kinds of discrimination. For the highly-paid, service providers and sales people can use the information to increase the prices you pay and make negotiation harder.
[–] hawk_ 1 day ago
More transparency in a society is for the better. This shouldn't stop at salaries. Why aren't service providers required to disclose what they charge others? Why aren't dentists, lawyers, surgeons etc... required to report their stats? All of those would break information asymmetry and make for better decisions all around and less scams.
[–] badpun 1 day ago
Even better, grocery stores might make various discounts and promotions eligible based on whether you belong to a certain bottom percentile of income. That’s the holy grail of price discrimination („milk them for all they have”), which is now attempted to achieve only through imperfect means such as premium brands, up-sells etc.
[–] wongarsu 1 day ago
Ranges are still somewhat useful. If they low-ball the upper bound, anyone expecting close or above the upper bound is unlikely to apply. So there is incentive to be honest about that end at least. But as an applicant (or current employee), knowing the upper bound the company is willing to pay for this position is useful information for salary negotiations (and to enable you to spend your limited time and resources in applying to well-paid jobs)
Obviously it's not perfect. But as you say, it's a difficult problem. And salary ranges are at least something
[–] NicuCalcea 1 day ago
In my experience, they will offer a bit above the advertised minimum of the range. So if I wasn't happy with £60,000, I wouldn't consider that job, and I definitely wouldn't apply on the basis that maybe they'll offer £90,000.
[–] agenticfish 1 day ago
I think that it does. If you’re looking for a 120k a year job you know that you won’t have to apply.
[–] jakey_bakey 1 day ago
That's fine though - As long as they're publishing the actual range that they like realistically pay someone, there's literally nothing wrong with that.
The "complications" are basically employer and manager propaganda because the information asymmetry suits them better than people realising they are undervalued and leaving