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Ah, too late. And I don't think that's a good idea. Exchange rates vary. Comparing within a country/region/city makes a lot more sense than across the world. Let people input their salary in the local currency.
Very US centric. No currency field? Not everyone expresses wages in amount/year. Are these amounts before tax? After tax?
Take aside legal aspects, why wouldn't any employee share their salary with their peers? All the secrecy just create noise, how could transparency be bad? I only see some incentive from the company's pov, you can position yourself somewhat better at bargaining salaries, when your employee has no access to the same data to debate, thus lowering costs a few percents. What am I missing?
If you on the high end of the pay scale, then sharing your information can hurt you. When it comes time to negotiate a raise, the company could be reluctant to give you a raise knowing that your peers will also expect a similar raise. If you keep your salary a secret, when it comes time to ask for even more money, then the company could be more likely to offer it since it will not have repercussions across the whole…
Take aside legal aspects, why wouldn't any employee share their salary with their peers? All the secrecy just create noise, how could transparency be bad? I only see some incentive from the company's pov, you can position yourself somewhat better at bargaining salaries, when your employee has no access to the same data to debate, thus lowering costs a few percents. What am I missing?
Volunteer's dilemma. If everyone tells (honestly), it benefits the group as a whole. If only one tells, it would be to that individual's disadvantage, since she'll be seen as violating company secrecy policy. Some companies do set wages as confidential info.
This is unlawful in many jurisdictions, including California and the United Kingdom.
Just posted this to the other discussion, but it bears just the same. This is just going to be a collection of anecdotes from people who self-select to report because they feel good about where they're at, or because they feel righteously justified in complaining about their situation. Self-selection ruins the data. The responses have to be random to be useful. And the silly thing is that most people who are involved…
Exactly. This is the issue that people who say "doesn't Glassdoor already do this?" minimize, and miss the point of why public salaries would be amazing in terms of improving labor markets.
I think for anyone who is big into "free markets", there is an unresolved tension between "it's better if we let things continue as they are" and "a market always operates better when it has more information". I don't understand why so many staunch advocates for free markets easily opt for the former.
Earlier quoted context omitted.
If you on the high end of the pay scale, then sharing your information can hurt you. When it comes time to negotiate a raise, the company could be reluctant to give you a raise knowing that your peers will also expect a similar raise. If you keep your salary a secret, when it comes time to ask for even more money, then the company could be more likely to offer it since it will not have repercussions across the whole…
Actualy transparency acts to bid up the going rate for the job you can see that effect in how CEO pay has increased.
Finance people also are very brazen about how much they're making, from accounts I've read.
Doctors too.
