101–110 of 805 posts
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Ask HR how you should verify your employment and salary for a mortgage application. I know my company intentionally shares since they ask you to use the work number to send a verification to the lender.
Yeah, I used the work number thing to verify my salary for my mortgage.
If you have privacy concerns, you can put fraud alerts and put a free credit freeze your credit reports Equifax: https://www.equifax.com/personal/credit-report-services/cred... Experian: https://www.experian.com/freeze/center.html TransUnion: https://www.transunion.com/credit-freeze And also freeze a few other reports NCTUE (utilities and telecom): https://www.nctue.com/consumers ChexSystems (banking): https://www.ch…
Heck - maybe wouldn't even work for renting?
First, it requires your SSN, date of birth, and home address. That a) means that prospective employers aren't able to view it (since you're not divulging your SSN in order to get an offer letter), and b) given these three pieces of information, requesting your salary is probably one of the least malicious things somebody could do. They could steal your identity, open up credit cards (some credit cards allow you to now get a virtual CC number before the card is shipped and confirmed), open up phone lines, SIM jack you, etc. Getting your salary data (given you have somebody's SSN, DoB, and home address) is likely one of the lowest things on the list.
Second, salary data is fairly public anyways. For example, if your company is of any reasonable size, they probably employ people on the H1B visa. Salary data is public already. Here, for example, is Airbnb's salary data: https://h1bdata.info/index.php?em=Airbnb&job=&city=&year=202....
Third, there are legitimate reasons why this system exists. If you're applying for a mortgage, how do you expect them to verify your salary? You can submit paystubs, but those can be faked. Same with bank statements. The only way for a bank to verify your salary is to actually call your employer. And if a bank calls your employer to verify your salary, and they have your DoB, SSN, and home address, it's pretty likely your employer is going to tell them anyways. Even if your employer only confirmed / denied (as opposed to providing a number), they could just repeatedly call and binary search it. (This probably wouldn't surprise the employer, since you might be getting quotes from multiple mortgage companies at once.) Given that mortgage companies, banks, and other finserv firms need to verify your income and employment history, it's not entirely unreasonable for a centralized database to exist, and for it to be guarded by what should be secret (SSN, DoB, address).
That said, the problem is that the US is too reliant on SSNs. If you prior on (the US treats SSNs as secret), being able to access salary data with it really isn't ridiculous.
Very interesting, I didn't expect the accuracy and detail in this data. All of my pay from Intel, Google, Facebook is in here. Qualcomm apparently did not report. Also, Google (my latest employer) pulled the data just before I started working, after giving me an offer. My credit card company pulls the data every month, sometimes 2-3 times per month. Several mortgage originators have also pulled the data even though I…
If they pulled salary info after making an offer, then this is likely qualified as verification of data that prospective employee submitted. They can probably revoke that offer if one provided misleading info during application.
Would be nice if some journalist(s) made a big stink out of Google finding a loophole in this employee protection law.
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It's amazing, but they did: https://www.marketwatch.com/story/equifax-ceo-hired-a-music-...
That alone really doesn't mean much. Security has even more than other areas of IT many people with "odd" backgrounds.
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This kind of belies every company's excuse for not having comp transparency - that it's proprietary information they don't want competitors to know. Not only do they share these details on specific employees, they also provide percentile data to HR consultancies that use that to help set salary bands. Ever wonder when a company says they pay X% of market? They know that because everyone is sharing this info and they'…
No, it doesn't. Because comp transparency is within a company. And this is outside a company. Think about the venn diagram of participants.
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Oh, interesting, thanks! And now I wonder if this includes compensation besides salary.
If you get RSUs - it does. It shows up in my payroll quite clearly as an obvious bump when I vest. You can even tell when I'm deferring for 401k. It's absolutely fucked. I'm guessing this is an integration with ADP - who my current employer uses.
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That alone really doesn't mean much. Security has even more than other areas of IT many people with "odd" backgrounds.
Yes, Equifax's ciso was clearly super competent.