Earlier quoted context omitted.
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Employers use your personal data to figure out the lowest salary you'll accept
41–50 of 321 posts
Re: Employers use your personal data to figure out the lowest salary you'll accept
#42And our AIs can give us insight into what is the highest salary that the given company can offer.
"Our AIs"?
The AI models belong to giant corporations (Google, Microsoft) or are receiving millions of dollars serving giant corporations. How are they yours?
A better solution is passing laws on wage transparency. For most jobs, the company has a range in mind. Make them post that range in the job offer itself. Short of robust labor unions bargaining for better wages, transparency in the job posting is the next best thing.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#43When I apply for a job, I use data to figure out the highest salary the company will accept.
The internet has information on what salaries a company pays. One would be foolish to not look it up before negotiating compensation.
Definitely not for all companies let alone all positions.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#44Earlier quoted context omitted.
I worked for Equifax many moons ago. They had a problem with people taking jobs there that no one else wanted, solely to gain access to their systems and reset their own credit scores. And, for some reason, they couldn’t roll it back once found out. Great company.
How does that work with multiple credit agencies?
No idea, it was back in the mid to late 90’s.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#45Re: Employers use your personal data to figure out the lowest salary you'll accept
#46I'm not seeing how this matters, they were already doing that - the market is a big auction to work out the overlap between lowest salary employees will work for and the highest salary employers will offer. In that process employees also use data to figure out the highest salary that will be offered. The thing forcing employers to pay the salary they do is that if they offer less someone else will gazump them for the…
If that’s true and this has a null effect, why would a business pay for it? There must be some utility for them. Like others already pointed out: information asymmetry undermines worker’s ability to negotiate, resulting in lower wages for everyone.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#47Earlier quoted context omitted.
You're suggesting that 100% of the income tax burden is shifted from employees to employers. The incidence of taxation (which party bears the burden of the tax, irrespective of who 'pays' it) is widely studied. As it relates to payroll taxes (paid by the employer) and income taxes (paid by the employee) most research finds that employees bear most (but not all) of the burden. This is the opposite of your claim.
It's not shifted. It's just there. It was never on the employees. Employees don't have their own money to tax. Employees money is employers money. That's its source. Employees get taxed when they spend money by being consumers. Sales taxes and VAT are their tax burden. But income taxes of the employees are the burden of the employer. It's employer who has to fork that money because otherwise he wouldn't be able to pa…
The poster is referring to https://en.wikipedia.org/wiki/Tax_incidence
Re: Employers use your personal data to figure out the lowest salary you'll accept
#48I'm not seeing how this matters, they were already doing that - the market is a big auction to work out the overlap between lowest salary employees will work for and the highest salary employers will offer. In that process employees also use data to figure out the highest salary that will be offered. The thing forcing employers to pay the salary they do is that if they offer less someone else will gazump them for the…
> the overlap between lowest salary employees will work for and the highest salary employers will offer There is still an element of unknown because both parties do not know each others numbers, which allows employees to still negotiate. You are now talking about information asymmetry where the party with the information will now have all the bargaining power. When I went from working a $150K job to getting offers fr…
You might want to rethink your example if the counterparty offers you 50% more than you wanted then you reject the deal; it makes adding the framing a bit pointless because it is clear you weren't ever going to accept the job for $200k.
And you're underestimating how much of an impact the broader market is having on Meta's thinking in this scenario. If your silver tongue or secret number was a factor here then everyone would end up being overpaid because they wouldn't reveal that they were happy to work for a reasonable amount. It doesn't matter how much or little Meta knows, they're only going to offer $300k if they have a reasonable belief that you can find a job for $300k somewhere else; informed by a pretty detailed analysis of the employment market. And in fact that appears to be exactly what happened in your story. Nothing about that dynamic has anything to do with your salary history or spending habits and them getting better information on those things doesn't change your negotiating position. Since a key factor is the future, even if they know you'd say yes to $200k, they'd still be best served offering you more money. I've had that happen to me 2 or 3 times because I'm a sloppy negotiator and don't try very hard to optimise salary.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#49It is not up to employer to tell me what to accept. If they lowball me, odds are high that I will just not accept it, or if I do, I will be sure to leave them as soon as I get a more reasonable offer, preferably in the middle of a project with no notice beyond what any prior agreement calls for. I will treat them the way they treat me.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#50When I apply for a job, I use data to figure out the highest salary the company will accept.
When I've applied for jobs and done salary negotiations, I try pretty hard to find out the max I can get using as many variables that I think are relevant (e.g. years of experience, previous companies I've worked for, projects I've contributed to, etc). No one is writing an article trying to expose me for this.
I think the concern is how invasive they can be when doing this. It's one thing to quickly search your name on Google or something, but they can do creepier stuff. They can look at many, many more variables that I can, and it's a little creepy. It seems a little wrong to use peoples' credit scores in order to squeeze down a lower salary. I don't think there's anything even remotely comparable that a prospective employee can do.