At this point is there any disadvantage to legislating that all companies should share a transparency report where they list their levels + avg, min, max, median salaries for each level?
This significantly disadvantages good money. Good money being: any company that tries to do things properly (or, relatively properly). Bad money being: profit, profit, profit. Take risks and misreport. Don’t put anything in writing. Pay bonuses under the table. Etc etc etc. Not only does the good money need to spend a lot more money to comply, they also wind up wasting a lot of money on “fake” compliance or “over-“ c…
Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
111–120 of 224 posts
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#112Earlier quoted context omitted.
If there are 100 SWEPR5s in the proposal above, Alice's nosy co-worker or neighbor only learns the range of Alice's salary. If Alice is the only one, they learn the precise value.
I think the question is more why should an individual's salary be private? Personally, I think money is power, and I want to know about power disparities to better protect myself. But I understand there are factors to consider.
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#113These are the old ranges before the bump in 2022.
These seem even older than that. These are what the ranges looked like when I joined in 2008...
Still peanuts but you don't work at MS to maximize $$$ but rather for WLB
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#114Earlier quoted context omitted.
I think the question is more why should an individual's salary be private? Personally, I think money is power, and I want to know about power disparities to better protect myself. But I understand there are factors to consider.
By all means please tell us your salary in a public hn comment then. Nobody is stopping you
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#115At this point is there any disadvantage to legislating that all companies should share a transparency report where they list their levels + avg, min, max, median salaries for each level?
This significantly disadvantages good money. Good money being: any company that tries to do things properly (or, relatively properly). Bad money being: profit, profit, profit. Take risks and misreport. Don’t put anything in writing. Pay bonuses under the table. Etc etc etc. Not only does the good money need to spend a lot more money to comply, they also wind up wasting a lot of money on “fake” compliance or “over-“ c…
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#116Would be interesting to see people rough idea of YOE to Level mapping for MSFT. Everything from Level 50 through 60 looks pretty junior, like grad hires and possibly outside HCOL areas. Surprised there is so much granularity. I do also find the base to stock ratios interesting. I guess base pay caps out in FAANG the same way it does in fintech / Wall Street tech. $360k base is a lot of money obviously, but its intere…
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#117At this point is there any disadvantage to legislating that all companies should share a transparency report where they list their levels + avg, min, max, median salaries for each level?
This significantly disadvantages good money. Good money being: any company that tries to do things properly (or, relatively properly). Bad money being: profit, profit, profit. Take risks and misreport. Don’t put anything in writing. Pay bonuses under the table. Etc etc etc. Not only does the good money need to spend a lot more money to comply, they also wind up wasting a lot of money on “fake” compliance or “over-“ c…
Since all tenancies need to pay a stamp tax to be legit contracts, the government lists every contracts rental price on a website.
https://www.ura.gov.sg/property-market-information/pmiReside...
The information is specific to a unit and published monthly (e.g. if 6 units were rented out, there are 6 entries in the database). It’s quite helpful when looking for a place to rent because you can look up the exact building see what people are paying.
The data is obscured a bit because units are described as “50 to 70 sq m”, so while you can guess if it’s a 1 bed or 2 bed, you cant tell if it has 1 or 2 bathrooms, what floor it on, whether it comes furnished or not.
But you can look at a group of transactions that are similar to the unit you’re looking at and get of what the market rate is.
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#118Earlier quoted context omitted.
Taxable income is public information in Sweden, and you can basically buy a catalog containing the previous years income for everyone in a given area if you'd like. Stuff like addresses and so on is also public information in Sweden, for what it's worth. This always makes me feel a bit strange when hearing people considering releasing someone's address to be doxxing and something horrible - like you can just look up…
I have a very hard time believing that sales-people and trades-people don't take it into considering when negotiating or quoting a price. One of the reasons a car sales person wants to "check your credit" early in the process is to get your credit rating and address - which helps them guess your price sensitivity - and many home services certainly take into account the area you live in even when it is irrelevant.
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#119Earlier quoted context omitted.
Management is the only one who benefits when labor doesn’t openly share salary information. Let the information flow. Knowledge is power.
And job seekers. They don’t want potential employers knowing how much they made.
Re: Leaked Microsoft pay guidelines – salary, hiring bonus, stock awards by level
#120Earlier quoted context omitted.
If it is legislated that everyone has to do it, then people looking to sell their labor can do so with perfect knowledge of where the market is at, reducing the negotiating strength of these shitty companies. This is how it already works in Norway. https://www.bbc.com/news/magazine-40669239
And how is tech compensation in Norway compared to the US? That's what I thought...