Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Companies to publish salary ranges in job adverts under new EU rules

businesspost.ie

Post reply on HN
Print view View original

121–130 of 249 posts

Re: Companies to publish salary ranges in job adverts under new EU rules

#121

Post by looperhacks »

compmanager1234 wrote: post #70

Having worked at just-below-FAANG companies with a surely above average oversight on how compensation strategy works, let me summarize my experience: We, as a company already know how much our competitors pay for a given role as everyone in the industry is buying and selling statistical data on their compensation structure through 3rd party agencies. Therefore, we can and do intentionally target, which salary band ou…

> You should care about your total compensation anyway and neither cash bonus, nor equity is covered in the disclosure, although especially for senior positions, those are very substantial part of your compensation.

Most people outside of the tech-sector will never see any bonus, equity, etc. besides their normal salary.

Re: Companies to publish salary ranges in job adverts under new EU rules

#122

Post by fergie »

If you advertise a position with a tight, high salary band, then you are going to get the best candidates (all other things being equal).

The proposed law gives organisations that offer good pay and conditions a stronger competitive advantage in the labour market than they currently have.

This law basically enshrines what has being going on at the top SV companies for years: make it known that you offer high wages, and then tolerate the sharing of wage information by employees (protected under Californian law).

Re: Companies to publish salary ranges in job adverts under new EU rules

#123

Post by DagsEoress »

froh wrote: post #72
toldyouso2022 wrote: post #64

The whole women perspective is ridicolous. I subscribe to the pov that there is no pay gap between sexes sprouting from hateful discrimination. But this will be great for Italy because a huge problem of our labor market is that salary is considered something dirty. This law may create a better culture. I hope so.

> no pay gap between sexes sprouting from hateful discrimination. possibly the pay gap has other reasons in many companies, yes. and yes it's real.

Sorry, no it's not. Wage gap is a political tool, nothing else.

Re: Companies to publish salary ranges in job adverts under new EU rules

#124

Post by piva00 »

roenxi wrote: post #118
piva00 wrote: post #83

Earlier quoted context omitted.

The lack of worker solidarity in tech is really astounding. I've been in this industry for almost 20 years and have been trying to instill some sense of it in every workplace I worked. Some decades ago it really seemed that tech workers felt like they were just tech moguls that hadn't made it yet, any kind of labour protection was looked at as "stifling innovation". Only lately I've seen people listen to me when I br…

I've seen what "solidarity" did to the manufacturing industry. I'd like my job to stay in my city. And anyone in tech has a lot more to gain from efforts to break the remaining guild-like systems in medicine and law making those services more affordable and available than they do from attempts to build a new one in tech.

And I've seen what solidarity (without the scary quotes) did to Sweden (and other Nordics), Germany, etc. as societies for the working class.

A union is not a guild, it's not about creating barriers of entry like in law or medicine, unsure why you conflate those concepts. Perhaps it's from ignorance, or perhaps from the fears that the ruling class instilled into you.

Re: Companies to publish salary ranges in job adverts under new EU rules

#126

Post by flappyeagle »

What do we think the second order effects of this will be? I think the main effect won't be to equalize mens and womens salaries (though it may help) but it will probably lead to more brain drain and concentration of talent in higher-paying organizations and richer geographies.

My past company had a playbook of simply offering 20-30% above whatever the going rate was in EU countries for remote work. For any offers we put out we had something like a 95% close rate (the big exception was France)

Re: Companies to publish salary ranges in job adverts under new EU rules

#127

Post by johngladtj »

piva00 wrote: post #124
roenxi wrote: post #118

Earlier quoted context omitted.

I've seen what "solidarity" did to the manufacturing industry. I'd like my job to stay in my city. And anyone in tech has a lot more to gain from efforts to break the remaining guild-like systems in medicine and law making those services more affordable and available than they do from attempts to build a new one in tech.

And I've seen what solidarity (without the scary quotes) did to Sweden (and other Nordics), Germany, etc. as societies for the working class. A union is not a guild, it's not about creating barriers of entry like in law or medicine, unsure why you conflate those concepts. Perhaps it's from ignorance, or perhaps from the fears that the ruling class instilled into you.

And yet it's exactly what it does.

Re: Companies to publish salary ranges in job adverts under new EU rules

#128

Post by derlvative »

DagsEoress wrote: post #123
froh wrote: post #72

Earlier quoted context omitted.

> no pay gap between sexes sprouting from hateful discrimination. possibly the pay gap has other reasons in many companies, yes. and yes it's real.

Sorry, no it's not. Wage gap is a political tool, nothing else.

Very convincing argument

Re: Companies to publish salary ranges in job adverts under new EU rules

#129

Post by reisse »

looperhacks wrote: post #121
compmanager1234 wrote: post #70

Having worked at just-below-FAANG companies with a surely above average oversight on how compensation strategy works, let me summarize my experience: We, as a company already know how much our competitors pay for a given role as everyone in the industry is buying and selling statistical data on their compensation structure through 3rd party agencies. Therefore, we can and do intentionally target, which salary band ou…

> You should care about your total compensation anyway and neither cash bonus, nor equity is covered in the disclosure, although especially for senior positions, those are very substantial part of your compensation. Most people outside of the tech-sector will never see any bonus, equity, etc. besides their normal salary.

> Most people outside of the tech-sector will never see any bonus, equity, etc. besides their normal salary.

From my POV, even in tech sector a lot of people are overestimating equity values. With a median tenure in FAANG likely below two years, base salary becomes much more important than people think about it.

Post reply on HN