Live data from Hacker News

An update on salary transparency in job posts

directlyapply.com

111–120 of 150 posts

Re: An update on salary transparency in job posts

#111
post #40

This will lead to universal low salaries, and real comp decided by bonuses and equity grants like with IB and Amazon. You don’t see full comp revealed, so since they have to show their hand it will trend down and make up the money for who they want to pay more with bonus etc

Salary is money, bonuses are a bet. The 2 are not the same.

Re: An update on salary transparency in job posts

#112

This is a strange American thing. As a Brit it is utterly bizarre and alien to me. Nobody here would ever look twice at a job that didn't state the salary. If you're trying to fill a position the salary is probably the most important piece of information you need to sell it. How can an employment market even function otherwise?

These "as a X" posts always read like propaganda to me lol

Not to mention Brit salaries are absolutely abysmal compared to most US tech salaries lol.

Re: An update on salary transparency in job posts

#113
post #2

Now lets quantify how many of them are absurd listings. Recently saw a Senior Security Engineer role for Netflix, $100-$700k salary range. How is someone supposed to reasonably negotiate that role? $100k is clearly a joke, $700k is clearly a salary someone got during the bubble. Do I come in at $400k? Is $250k a bargain rate? https://imgur.com/a/0Fe00Qf

Earlier this year I read some commentary about how those wild salary ranges are in part a response to California's Pay Transparency Act -- basically, give a gigantic and irrelevant range to satisfy the letter of the law, not the spirit of the law.

No clue if there's any truth to that though.

https://californiapayroll.com/blog/sb-1162-california-pay-tr...

Re: An update on salary transparency in job posts

#114
post #111
post #40

This will lead to universal low salaries, and real comp decided by bonuses and equity grants like with IB and Amazon. You don’t see full comp revealed, so since they have to show their hand it will trend down and make up the money for who they want to pay more with bonus etc

Salary is money, bonuses are a bet. The 2 are not the same.

They're often not very bet-like in modern practice. One common setup is to have a "bonus target" of let's say 20% of your salary which is usually paid at par; perhaps you might get 25% if you get really great results or 15% if you have some big struggles.

Re: An update on salary transparency in job posts

#115
post #29

Earlier quoted context omitted.

There is a 0% chance that I'd put in the effort to get an offer from a company just to set my price with a company I'd like to work for. No company is worth that headache. If I happen to already have a competing offer, sure. But when job searching I'm not carpet bombing resumes, I'm targeting specific companies that I think would be a match.

Then that is the price of not having the headache. Markets work best when buyers AND sellers are constantly engaging in negotiations.

Markets also work best without information asymmetry.

Re: An update on salary transparency in job posts

#116

This is a strange American thing. As a Brit it is utterly bizarre and alien to me. Nobody here would ever look twice at a job that didn't state the salary. If you're trying to fill a position the salary is probably the most important piece of information you need to sell it. How can an employment market even function otherwise?

These "as a X" posts always read like propaganda to me lol

Not a user story?

Re: An update on salary transparency in job posts

#117
post #28

Earlier quoted context omitted.

A big range like that means you should feel more than fine selecting the average— so $400k— at the minimum. Anything less and you’re essentially admitting you don’t think you’re worth what the salary range is. Personally I would ask for clarification, and if they refuse to provide any, ask for near or above the top-end of the range. Theres plenty of $215k salary jobs currently, so if you happen to not land this one,…

Most people don't know what a $400k Security Engineer actually does to warrant that pay because you can probably find a similar job at another company that pays much less and probably makes you work more. I sure as fuck don't and I at least have one pentesting cert FWIW. This pricing scheme punishes people trying to be honest about their skill set. Otherwise why stop at the average? Just max it out and ask for $700k.…

> This pricing scheme punishes people trying to be honest about their skill set.

I've really liked the rare company that advertises a narrow pay range and then makes a single, non-negotiable offer for the most they can get the candidate.

The company has more data. The company has an existing pay structure. The company knows its own budget. They should offer what they're willing to pay. Anything else is extremely disrespectful, frankly, despite being the norm.

Re: An update on salary transparency in job posts

#118
post #2

Now lets quantify how many of them are absurd listings. Recently saw a Senior Security Engineer role for Netflix, $100-$700k salary range. How is someone supposed to reasonably negotiate that role? $100k is clearly a joke, $700k is clearly a salary someone got during the bubble. Do I come in at $400k? Is $250k a bargain rate? https://imgur.com/a/0Fe00Qf

Double the median salary is clearly a joke? White collar pay has gotten totally out of hand.

In context, yes. For a senior engineering role at one of humanity's biggest richest companies in a very HCOL location, $100k is ludicrously low.

Now, I agree that pay ranges across our economy are completely out of touch with reason, but in this context it would be downright stupid to take $100k for that role when non-FAANG could pay you more.

Re: An update on salary transparency in job posts

#119
post #99
post #68

Earlier quoted context omitted.

That's why you find two companies you'd like to work for, and have them compete against each other. This is just job hunting basics.

It rarely happens that I'm both looking for work and also am open to more than one company at that time. But I haven't been in a true job hunt where I'm just hoping someone picks me out of a pile for over 20 years.

Neither have I :-)

Re: An update on salary transparency in job posts

#120

This is a strange American thing. As a Brit it is utterly bizarre and alien to me. Nobody here would ever look twice at a job that didn't state the salary. If you're trying to fill a position the salary is probably the most important piece of information you need to sell it. How can an employment market even function otherwise?

> How can an employment market even function otherwise? Employee desperation to have income and health insurance means it's worth going into the interviews blind.

That, and on the flip side, the very American desire to beat the odds and get an especially high offer.
Post reply on HN