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Tell HN: Salary data is for sale

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Re: Tell HN: Salary data is for sale

#221

Post by heavyset_go »

Osiris wrote: post #215

In Colorado, employers are not allowed to prevent people from discussing compensation with coworkers and they can't retaliate if they do. I'm working for a DAO and our salaries are public because governance had to approve the budget and all the transactions are on the public blockchain. It's refreshing to that level of transparency not to mention it forces us to have fair compensation.

> In Colorado, employers are not allowed to prevent people from discussing compensation with coworkers and they can't retaliate if they do.

That's the case across the entire US. The National Labor Relations Act of 1935 protects workers' rights to discuss working conditions, including compensation, on company time or off.

Re: Tell HN: Salary data is for sale

#222

Post by bradlys »

what_ever wrote: post #121
mgraczyk wrote: post #54

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…

Does the system not ask for SSN to pull this data? If yes, how did Google get your SSN? Disc: Googler.

Pretty sure Google needs your SSN to be employed at the company. Whole I-9 form, withholding taxes, giving you a W2 and all that jazz...

Re: Tell HN: Salary data is for sale

#223

Post by qbasic_forever »

Buttons840 wrote: post #126
mobiledev2014 wrote: post #111

Having hopped jobs every 1-2 years for the last decade, I don't think I've ever been honest when asked my current salary. Never bit me. It would be quite shocking (would it be legal?) if an offer was rescinded based on this data.

There's always answers like "I think $X would be fair, it's a little more than I'm making now", or "it's close to what I was making before", etc.

I wouldn't frame it like that because now you're bargaining over what percent Y you deserve over your old salary--they are always going to try to push that down. Frame it as, "an engineer with my skills in this market is worth $Y, let's close this deal now". Remember they have a budget for how much they can spend for a position and you're trying to put yourself into that bucket.

Re: Tell HN: Salary data is for sale

#224

Post by bcrosby95 »

dumpsterdiver wrote: post #205

Honest question for people who are concerned about this - why is it troubling? If another company wants to hire you, obviously they'll need to offer stronger compensation than you currently have to convince you to ditch a comfortable position. The fact that employers want employees to stay quiet about their compensation so they don't have to start handing out raises doesn't seem like a good reason to be concerned abo…

It's massive collusion by companies on a country wide scale.

Re: Tell HN: Salary data is for sale

#226

Post by ouEight12 »

MichaelBurge wrote: post #117
dboreham wrote: post #77

Earlier quoted context omitted.

The whole "verify your salary with employer" process is BS. Lenders can verify income by requesting your tax returns, and N recent pay stubs (source: I own my employer and have verified income this way, since obviously they are not going to call myself up and ask me to verify my own income). This is only about reducing their verification costs. If there needs to be a giant database of everyone's income, the governmen…

If you verify with tax returns, it would be easy to borrow money from a friend and count it as income every year just for loan qualification. And then borrow more money from a bank, wait 6 months for seasoning, and use it as down payment to buy real estate. And if the loan gets sold to the government, it needs to meet government underwriting criteria and the lender has no free will. Especially for residential mortgag…

> If you verify with tax returns, it would be easy to borrow money from a friend and count it as income every year just for loan qualification.

1) Where do I make friends with people who have such large piles of cash laying around they're willing to front me stacks large enough so I can lie and claim it as income on my taxes to inflate the size of the loan I can get? Multiple years in a row?

2) Once I claim it as income, I owe about a third of it to the federal and state governments in the form of.. income tax. Is my friend okay with only getting about 70% of each loan back after each tax season?

I mean, if my rich friend loans me $100K each year, after three years (the number of tax returns I had to show for my last mortgage), He'll have lost about $90K on the deal... wouldn't have just been easier for him to gift me the $90K the first year and I could put it towards my house and then not needed such a large loan in the first place? It'd have saved us all three years of hassle.

Re: Tell HN: Salary data is for sale

#227

Post by arwhatever »

Oh wow, this is a total outrage. Details have been shared for about 80% of my previous employment, and many of those employers listed details on a per-pay period basis.

They even include my net pay after voluntary deductions, such as 401k!

Re: Tell HN: Salary data is for sale

#228

Post by Larrikin »

This site is also another attack on Google Voice and similar numbers. The sign up mysteriously failed when I provided my Google Voice with no explanation. Suddenly worked when I provided my T-Mobile number. I expect more unblockable spam soon.

Re: Tell HN: Salary data is for sale

#229

Post by [deleted] »

rdtwo wrote: post #81
BeefySwain wrote: post #64

Earlier quoted context omitted.

It appears to be even more restrictive then that: https://leginfo.legislature.ca.gov/faces/codes_displaySectio... > An employer shall not rely on the salary history information of an applicant for employment as a factor in determining whether to offer employment to an applicant or what salary to offer an applicant. That being said, how do you enforce a provision like that in the face of every company having all infor…

Won’t eqifax tell you if someone requests the data therefore you can tell if the law is violated

[deleted]

Re: Tell HN: Salary data is for sale

#230

Post by caconym_ »

geoduck14 wrote: post #202
givemeethekeys wrote: post #51

Earlier quoted context omitted.

But, I didn't opt in for them to have this information about me to begin with.

>But, I didn't opt in for them to have this information about me to begin with. Everyone is up in arms about Facebook and Google collecting our information... meanwhile credit bureaus are sitting in the shadows giggling to themselves

The obsession with "big tech" as the biggest abuser of consumer privacy frustrates the hell out of me, and must be a real delight to credit bureaus, cell carriers, data brokers, fintech parasites, and all the rest of the slimy fuckers who do far worse things every day and aren't even on the public's radar.
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