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New York employers must include pay rates in job ads under new state law

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Re: New York employers must include pay rates in job ads under new state law

#91
post #68

Earlier quoted context omitted.

If the range spans an order of magnitude, should I consider the logarithmic or linear midpoint? That is geometric or arithmetic mean between the ends?

They’re HR people - a log is a thing that used to be a tree.

No hate for HR but i have to share a funny line my previous business partner used to quote:

"These people are often neither humane nor are they resourceful"

Re: New York employers must include pay rates in job ads under new state law

#92

I've previously commented [0] on how broken this implementation is. It's frustrating politicians don't see how easy it is to circumvent what the law seeks to achieve. [0] https://news.ycombinator.com/item?id=37440358

While some engineers definitely get compensated in stock more, is it really the majority of engineers? I feel like it’s over represented because we’re in HN but the vast majority of software engineers in this world don’t get stock at all, it’s just mostly base salary

There's also lots of engineers who get paid in worthless stock. Companies which have no plan to ever IPO or who lose money every year. Taking a job at a startup based on potential future valuation and stock options is essentially gambling with hours of your own life

Re: New York employers must include pay rates in job ads under new state law

#93
While I favor transparency, I don't think this is something that should be legislated / regulated. Mainly because the lack of such details in a job ad is a signal. And imho an important one. It gives insight into the org that's hiring. It also leaves the door open to negotiations.

Employment is nearly all cases is at will. Every interview stage ends with "Any questions?" There is definitely a time and place for government regulation. This is not one of them. It's too Nanny State-y.

Re: New York employers must include pay rates in job ads under new state law

#95
post #68

Earlier quoted context omitted.

I have asked some HR people this question about ranges, and most of them tell me they expect to pay the midpoint of the range. That is, if you meet the qualifications, they’ll offer you the midpoint. However if you blow them away or got some competing offers, they will offer you the high end. And if you got very little experience, the low end. That’s the rule of thumb. It doesn’t matter if the range is as wide as 80k…

If the range spans an order of magnitude, should I consider the logarithmic or linear midpoint? That is geometric or arithmetic mean between the ends?

Either works but using the logarithmic could be a lot harder finding the correct base

Re: New York employers must include pay rates in job ads under new state law

#96
post #4

I wonder if this will result in remote job applications excluding candidates from New York, as we've seen with other states. Although once a critical mass of states start requiring this, that won't really be an option any more.

If it does, good. Those are companies you probably don't want to work for. In California, we also have a minimum pay here for exempt software engineers - it's $112,065.20, which is higher than the US median salary for software developers.

My company applies that same standard nationwide with remote engineers, so kind of the opposite of what you're saying.

Re: New York employers must include pay rates in job ads under new state law

#97
post #28

Good. Hiding income only works for the company to exploit their workers.

Does this not remove the ability for individuals to negotiate up past a certain point?

I think most people aren't in a position to negotiate salary

Re: New York employers must include pay rates in job ads under new state law

#98
post #17

I've previously commented [0] on how broken this implementation is. It's frustrating politicians don't see how easy it is to circumvent what the law seeks to achieve. [0] https://news.ycombinator.com/item?id=37440358

The incentive against posting a huge range like $50-500k is that it anchors the range a candidate expects. If you post that range and then offer $100k to a qualified candidate, they will probably balk, so if that’s closer to the desired salary band you have an incentive just to say so.

It's even easier than that. Just post multiple ads. Give them different titles if you want.

Re: New York employers must include pay rates in job ads under new state law

#99
post #32
post #28

Good. Hiding income only works for the company to exploit their workers.

Agree, but it's not just about exploitation. Many people are weird about money and honesty around their skillset. I think it would be a good change, but I'm not sure the majority of people would like working like a pro sports team. In pro sports you know what everyone makes and relative skillsets are ranked and on display.

I mean it's a corporate decision to have all the work be hidden. There's few laws requiring that your company operate on a dark web but they all choose to.

I think if a pro sports team could figure out how to make it so the opposing team couldn't tell which one of their players is which they would choose to. Good luck running a shift in the MLB if you don't know if the batter is swinging lefty or righty.

Also I think pro sports teams is probably one of the best examples that public information doesn't make perfect decisions. Anybody that seriously follows a team can tell you about numerous bonehead (perhaps bonehead in hindsight) trades that their team made. Or players that were offered a deal well beyond what they were worth.

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