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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

#111

Post by b112 »

YokoZar wrote: post #82
bjt12345 wrote: post #64

Earlier quoted context omitted.

The thing about this is that there still exist clauses in employment contracts requiring pay secrecy by employees. So, theoretically some employees have a requirement upon them to fill this in.

Those requirements are all facially illegal and unenforceable though. In the US you have federally protected labor rights that you cannot contract out of. The right to discuss pay and working conditions with other workers and the public is one of them.

Yes, imagine being in breach of contract if you apply for a mortgage, and they ask "What do you do" and "How much do you make a year" and "Can we see a pay stub (or income tax info)".

Such clauses are inane beyond the legality of it.

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

#112

Post by californical »

kaashif wrote: post #103
Unbeliever69 wrote: post #55

Earlier quoted context omitted.

Probably not the answer you want to here but I'll share my perspective. Three years ago my wife and I sat down and optimized our finances so I could soft-retire and focus on a few of my life goals while simultaneously working on ways to generate income without the stress of being in the employ of others. It was tough work which mainly involved paying down a lot of debt so we can live more lean. We did a lot of optimi…

> In reality, it feels like we are financially better off than we were before. Are you financially better off or does it only feel that way? If you were actually better off, why mention feelings?

They may have less money but also more time for things they care about, and less burden and stress in daily life.

So it is going to be a feeling. Is their smaller income going much farther now in how it benefits them, if so they feel better-off

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

#113

Post by throwaway_19sz »

dymk wrote: post #54
WalterBright wrote: post #9

When I apply for a job, I use data to figure out the highest salary the company will accept.

You have less data than the company

What are you talking about? You have access to far more info on them than they do on you.

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

#114

Post by retSava »

brikym wrote: post #96
Snild wrote: post #77

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.

But is the income data is also available to individuals? If I can find out the income of another professional in a similar role that becomes the anchoring point. Otherwise the company will just offer {prev_year_income} + peanuts.

It is. You can basically check out the company linkedin, people in similar roles/YoE, then google their name to find out their birthday, then just call our IRS. Ask for declared income for year X, X-1 etc. This gives you an anchor as parent said. It's a way to change the power imbalance when negotiating. I know friends that do this when applying for jobs. There's a law coming that makes this basically worthless, since the salary range for the role must be declared openly with the ad. And that btw is one of the first questions I ask when talking to hiring manager or HR, to find out if it's a good fit.

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

#115

Post by hdgvhicv »

OptionOfT wrote: post #51
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'm filling out the form there. I genuinely don't know why I would ever generate a salary key so I can let someone know how much money I made. Also, to prevent them from sharing the information, you need to give them even more information. Disgusting that this is allowed.

American Express just canceled my wife’s card after 15 years because she didn’t fill in her salary data.

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

#116

Post by delusional »

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

As a European, it is wild to see a private company warning that disallowing them the ability to process your personal data might hinder your ability to access social services.

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

#117

Post by carlob »

anal_reactor wrote: post #92
Snild wrote: post #77

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.

I earn like €100k per year. Not a huge salary, but definitely above average. My family lives in Eastern Europe. Once I was hanging out with my cousin and his friends, all of these people had minimum-wage jobs. Not really my type of social circle, but I have no issues being cool for an evening. Then suddenly my cousin drinks one too many and starts blabbering about how "fucking rich" I am and all eyes turn to me becau…

Sweden is one of the countries with the lowest salary inequality in the world. In Eastern Europe 100k a year puts you at what 10x minimum wage? I think that would be considered a pretty high salary in France or Spain as well. I think your friend reaction is warranted, but I don't think it would happen often in Sweden...

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

#118

Post by valleyer »

saghm wrote: post #81
Ferret7446 wrote: post #25

Earlier quoted context omitted.

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,…

The elephant in the room is health insurance. We have a system where even if you have a fairly good income, buying insurance as an individual (or as a small company that isn't buying in a volume high enough for insurance companies to want to give you a discount) means that you'll in all likelihood be paying a lot more for a lot less coverage. The ACA attempted to solve this by having insurance companies offer plans o…

> Plus, if you live in a red state, they've likely refused to take the subsidies

No. Individual states can refuse Medicaid expansion, but that does not have any bearing on the health insurance marketplace / premium tax credit ("subsidies"), which states cannot opt out of.

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

#119

Post by mday-edamame »

kaashif wrote: post #103
Unbeliever69 wrote: post #55

Earlier quoted context omitted.

Probably not the answer you want to here but I'll share my perspective. Three years ago my wife and I sat down and optimized our finances so I could soft-retire and focus on a few of my life goals while simultaneously working on ways to generate income without the stress of being in the employ of others. It was tough work which mainly involved paying down a lot of debt so we can live more lean. We did a lot of optimi…

> In reality, it feels like we are financially better off than we were before. Are you financially better off or does it only feel that way? If you were actually better off, why mention feelings?

On some level the feeling matters more than the reality, past a certain survival threshold.

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

#120

Post by [deleted] »

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,…

[deleted]
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