EU to mandate public salary information for all job postings [pdf]
europarl.europa.eu
EU to mandate public salary information for all job postings [pdf]
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Re: EU to mandate public salary information for all job postings [pdf]
#2The meat is page 5 under "The changes the proposal would bring". Highlights:
* Job-seekers would have a right to information about the pay range of posts they apply for
* Employers would be prohibited from asking about an applicant's pay history
* Employees would have a right to ask their employer for sex-disaggregated information on the average pay of other workers doing the same work or work of equal value.
* Employers with at least 250 employees would have to report on their gender pay gap and carry out a pay assessment if the gap exceeds 5 % and cannot be justified.
* Compensation would be available to victims of pay discrimination, with the burden of proof placed on the employer and sanctions for infringements of the equal pay rule.
Re: EU to mandate public salary information for all job postings [pdf]
#3Honestly, it’s going to be embarrassing with these low salaries when we socialize with non EU colleagues!
Re: EU to mandate public salary information for all job postings [pdf]
#4Related "Pay Transparency: European Commission proposes measures" https://news.ycombinator.com/item?id=30429182 It's still a proposal not a mandate or requirement yet.
Re: EU to mandate public salary information for all job postings [pdf]
#5Honestly, it’s going to be embarrassing with these low salaries when we socialize with non EU colleagues!
like whom? americans? londoners? africans? indians? but you're right that 60000 INR sounds like a lot more than 3000 EUR, because, uh, the number is 20 times (!!!) bigger.
Re: EU to mandate public salary information for all job postings [pdf]
#6These laws don’t have the effect people think they will in tech given that “salary” is often a small part of someone’s overall compensation.
A role might say it has a $150,000 “salary” but if someone has say $300,000 in RSUs on top of that then they’re really making $450,000 with a $150,000 “salary”.
Eg in the US employers must publish the “salary” for certain visa applicants, but those numbers are often only a small fraction of total comp because they exclude equity-based compensation. Given that different companies give different cash/equity mix in their comp plans this leads to a lot of misleading data points about the pay of various companies. One company many look like it it’s more (because it does in cash salary) but actually the total pay relative to others is much less (eg because they give out less stock).
Re: EU to mandate public salary information for all job postings [pdf]
#7These laws don’t have the effect people think they will in tech given that “salary” is often a small part of someone’s overall compensation. A role might say it has a $150,000 “salary” but if someone has say $300,000 in RSUs on top of that then they’re really making $450,000 with a $150,000 “salary”. Eg in the US employers must publish the “salary” for certain visa applicants, but those numbers are often only a small…
Sounds like that creates two incentives, one the one hand to mention directly in the job posting whether salary will be a small part of someone's overall compensation, on the other hand this might also incentive companies to push the salary/stock ratio up to appear more competitive.
Re: EU to mandate public salary information for all job postings [pdf]
#8These laws don’t have the effect people think they will in tech given that “salary” is often a small part of someone’s overall compensation. A role might say it has a $150,000 “salary” but if someone has say $300,000 in RSUs on top of that then they’re really making $450,000 with a $150,000 “salary”. Eg in the US employers must publish the “salary” for certain visa applicants, but those numbers are often only a small…
Maybe it would be useful to remember that the "options-based tech payment" is more a US thing, more a certain US area thing and even more with a certain type of employers. Not saying that it doesn't happen in Europe, but we're talking a small minority possibly overrepresented on HN.
Re: EU to mandate public salary information for all job postings [pdf]
#9These laws don’t have the effect people think they will in tech given that “salary” is often a small part of someone’s overall compensation. A role might say it has a $150,000 “salary” but if someone has say $300,000 in RSUs on top of that then they’re really making $450,000 with a $150,000 “salary”. Eg in the US employers must publish the “salary” for certain visa applicants, but those numbers are often only a small…
We don't really have startups in Europe. We're only paid money.
Re: EU to mandate public salary information for all job postings [pdf]
#10These laws don’t have the effect people think they will in tech given that “salary” is often a small part of someone’s overall compensation. A role might say it has a $150,000 “salary” but if someone has say $300,000 in RSUs on top of that then they’re really making $450,000 with a $150,000 “salary”. Eg in the US employers must publish the “salary” for certain visa applicants, but those numbers are often only a small…
Sounds like that creates two incentives, one the one hand to mention directly in the job posting whether salary will be a small part of someone's overall compensation, on the other hand this might also incentive companies to push the salary/stock ratio up to appear more competitive.
Given the wide availability of more complete data points on total comp packages from other sources (eg levels.fyi) it’s unlikely a “government mandated salary database” will add any net new information in many cases, and per above that government salary data will likely be misleading at best.
I do get that the optics look good though and it makes politicians feel like they’re doing something.