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EU to mandate public salary information for all job postings [pdf]

europarl.europa.eu

11–20 of 388 posts

Re: EU to mandate public salary information for all job postings [pdf]

#12
post #6

These 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…

RSUs aren't much of a thing in most of the EU.

Re: EU to mandate public salary information for all job postings [pdf]

#13
post #10
post #7

Earlier quoted context omitted.

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.

Barely published and the US tech sector is looking for ways to minimize its effect or bypass it completely.

Re: EU to mandate public salary information for all job postings [pdf]

#14
post #6

These 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…

I'm from EU and in my country, RSUs are considered a kind of salary and taxed in the same manner so perhaps they will have to be mentioned as well? The idea is that you can get paid for your work by different means, money being only one of them.

Re: EU to mandate public salary information for all job postings [pdf]

#16
post #2

The 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. * Emplo…

How does making salary public and not asking about applicants pay history work? If you tell them your title and employer, can't they just look up what you probably got paid?

Re: EU to mandate public salary information for all job postings [pdf]

#17
post #2

The 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. * Emplo…

despite pay gap shown time and time again to be fiction, government monkeys are still dancing to that out of key tune.

Re: EU to mandate public salary information for all job postings [pdf]

#18
post #2

The 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. * Emplo…

> Employers would be prohibited from asking about an applicant's pay history

Aw, that was one of the fun moments when getting my current job. I moved from private sector to public sector and they're like "You understand that the previous pay you listed is more than our boss's boss, the director of our entire org unit gets paid right?". Yes, yes I do. Which is why when you asked at interview "Why do you want this role?" I didn't say "Because I would like to get rich".

But overall this seems like a good idea. Pay transparency is a known good strategy. I remember years ago working for a huge international corporation I asked about pay transparency at one of those bogus "Ask us anything" board events and the CEO answered and he's like, "My pay is a matter of public record because that's the law here" and I'm like "Yes, and it's fine, you can see that now so why not the same for everybody else?" and of course he just deflected.

How "inability to give a straight answer on anything" and "refusal to make any meaningful decisions" came to be considered good leadership traits is a mystery to me, but I do know how much it pays so that's nice.

Re: EU to mandate public salary information for all job postings [pdf]

#19
post #6

These 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…

It’s a change for all job postings, across all industries and roles across the EW. Not just the privileges few who work in the western North American technology bubble
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