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Employers use your personal data to figure out the lowest salary you'll accept

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Re: Employers use your personal data to figure out the lowest salary you'll accept

#71

Post by 3eb7988a1663 »

Ferret7446 wrote: post #25
canpan wrote: post #8

I wonder if the winning game becomes your own boss and tiny companies. I want to do the jump, but lack of courage, good ideas, sales skills and a very good salary still holding me back (open for suggestions). But if the very good salary would go away, the scales tip instantly.

That was always the "winning game". Only problem is that's a lot of work. The more things change, the more they stay the same; if you want more money, work harder. People who don't want to work harder complain that other people make more money because they either don't understand or are in denial about the amount of work the people they envy put in. Yes there are exceptions. No pointing out exceptions won't help you,…

You can be the hardest working burger flipper at McDonald's, but you are not going to be as financially secure as someone coasting on a FAANG salary.

Re: Employers use your personal data to figure out the lowest salary you'll accept

#72

Post by EarthAmbassador »

xvxvx wrote: post #24
anonymars wrote: post #2

One (more) thing to opt out of: Freeze Your Data - The Work Number https://employees.theworknumber.com/employee-data-freeze As I understand it, payroll whores your salary out to Equifax*, who then pimps it to others * Yeah, that one: https://en.wikipedia.org/wiki/2017_Equifax_data_breach

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.

[dead]

Re: Employers use your personal data to figure out the lowest salary you'll accept

#73

Post by EarthAmbassador »

laweijfmvo wrote: post #4
anonymars wrote: post #2

One (more) thing to opt out of: Freeze Your Data - The Work Number https://employees.theworknumber.com/employee-data-freeze As I understand it, payroll whores your salary out to Equifax*, who then pimps it to others * Yeah, that one: https://en.wikipedia.org/wiki/2017_Equifax_data_breach

I hate that I have to opt out of this stuff that I never signed up for and never would have. I filed the request to freeze, and see that it will require me uploading many more pieces of data to prove identity and address. Disgusting.

If the credit bureaus don't have a complete profile when you start, they will after provide the missing pieces.

Re: Employers use your personal data to figure out the lowest salary you'll accept

#75

Post by p1esk »

roncesvalles wrote: post #67
darth_avocado wrote: post #34

Earlier quoted context omitted.

> 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…

>Now imagine a world where meta knows exactly how much I make and all the other information about me. I’d probably get a minor bump over my previous salary. Not necessarily. People don't change companies for just any value greater than current TC. There is a big cost to switching companies -- it's going to shake up your lifestyle, you might lose some relationships, reset your company-internal network and reputation,…

My policy is the opposite – I switch companies every two years. Especially if I get too comfortable. Usually because I’m bored or because the company grows too much (>100 people is too much for me).

Re: Employers use your personal data to figure out the lowest salary you'll accept

#77

Post by Snild »

What a hassle!

Here in Sweden, your tax filings are public information; companies can just ask the government what you made last year. I have no idea if they actually do, though, and the data will be somewhat obfuscated if you have extra income on the side.

Re: Employers use your personal data to figure out the lowest salary you'll accept

#78

Post by mykowebhn »

tombert wrote: post #23
canpan wrote: post #8

I wonder if the winning game becomes your own boss and tiny companies. I want to do the jump, but lack of courage, good ideas, sales skills and a very good salary still holding me back (open for suggestions). But if the very good salary would go away, the scales tip instantly.

I've considered it myself; I don't want to make a business doing contract work again, because I did not enjoy that. If I were to start my own business it would have to be a product. I have plenty of interesting projects that I work on in my free time, but I'm not sure any of them are monetizable, or at least not monetizable enough for a venture capitalist to throw money at me (especially since most of them do not inv…

Forgive me for saying this, but I think you may be drinking too much of the kool-aid.

If some of your projects are monetizable, couldn't you move forward without VC help?

Perhaps related, why do you need to be worth billions of dollars? I feel your visions for what you want your future self to be are highly unrealistic and you're probably setting yourself up for a lot of disappointment and unhappiness.

Sorry for the bluntness, but I think one could be happy on a lot less.

Re: Employers use your personal data to figure out the lowest salary you'll accept

#79

Post by avaer »

anonymars wrote: post #2

One (more) thing to opt out of: Freeze Your Data - The Work Number https://employees.theworknumber.com/employee-data-freeze As I understand it, payroll whores your salary out to Equifax*, who then pimps it to others * Yeah, that one: https://en.wikipedia.org/wiki/2017_Equifax_data_breach

I love that it's a freeze not a purge. And that it's opt-out to have surreptitiously collected data being used against your livelihood.

The data breach should have been reason enough to ban Equifax and force them to destroy their data. But that can only be done when the government works for the people, instead of money.

Re: Employers use your personal data to figure out the lowest salary you'll accept

#80

Post by saghm »

putlake wrote: post #52
anonymars wrote: post #2

One (more) thing to opt out of: Freeze Your Data - The Work Number https://employees.theworknumber.com/employee-data-freeze As I understand it, payroll whores your salary out to Equifax*, who then pimps it to others * Yeah, that one: https://en.wikipedia.org/wiki/2017_Equifax_data_breach

Thank you for the link. I tried to opt out. They sent me this email: Equifax Workforce Solutions (provider of The Work Number) has received your employee request communication, but additional information described below is required to fulfill this request. We will be following up with a secure email to obtain the below requested documents: Proof of Identity: Provide a copy of one of the following (must include curren…

Obviously they have to be careful. What if they didn't check all this and someone went and tried to opt out on your behalf? That would be an incredible invasion of your privacy!
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