Reactive, defensive positions just aren't going to do it. Go ahead and find ways to poison their data at this point.
Employers use your personal data to figure out the lowest salary you'll accept
181–190 of 321 posts
Re: Employers use your personal data to figure out the lowest salary you'll accept
#182Many years ago, back when companies could ask for your previous compensation [0], a hiring manager once said to me "don't ever lie about your past compensation". I wasn't sure how they could figure this out at the time until someone later pointed out that many corporations do a credit history check on you as part of the background check. This gives them access to past compensation. The information asymmetry here is,…
"don't ever lie about your past compensation" — because they can't figure it out on their own and IF they do (at least in my jurisdiction), you've got a nice case on your hands to sue them for violating privacy laws.
The correct answer is: ALWAYS lie about your past compensation. It's the only way to get forward, one way or the other.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#183Earlier quoted context omitted.
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.
A burger flipper cannot flip 20x the burgers. There isn't really any way to produce more output flipping burgers. Even if you could, if there isn't a queue of people waiting to collect their orders, there isn't any point in producing more blindly. The person responsible for designing the process that thousands of franchises use probably does make a lot of money.
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Re: Employers use your personal data to figure out the lowest salary you'll accept
#184If your HR software is the same that does payroll and does hiring for your company and many others, it's almost garunteed a flag goes up when you apply to another job with a different company.
https://www.workday.com/en-us/products/payroll/overview.html
I would not trust applying for any company with workday.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#185Earlier quoted context omitted.
I don’t recall ever seeing a salary in my credit report. Certainly when applying for credit cards you are asked but generally they have you include all sources of income including bonus, passive income, and alimony. There are data sources for this info but I don’t think it’s technically a credit report.
Experian does collect and sell income data about people, in fact i think they pay companies directly for this information. This is helpful for salary negotiations. It’s not in a normal credit report though, true.
Right - there are plenty of data sources here but it's not a credit report.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#186Earlier quoted context omitted.
It’s a very common arrangement, both with and without kids, once you look past the gender of particular participants.
It's very common for a teacher's salary to pay the expenses of two adults and 2+ kids? I guess it must be nice not living in high col areas.
Whenever you see something like that, remove USA from the bias, and you probably better understand how stupid the USA is.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#187Earlier quoted context omitted.
And if you lie?
It works the same way here in the UK. Some companies ask your previous salary, and sometimes check your references, and sometimes your previous employer will disclose what your salary was. If it turns out you lied nothing bad happens, but you've just given your new employer a reason to dismiss you. The main problem with the UK system is that it means that if you were underpaid before you're likely to continue to be u…
> For that reason when I'm hiring I've stopped asking for someone's previous salary, and just ask them what they want instead.
Why don't you post what you're paying in the job ad/offer? Some people even skip ads without a salary or a salary range because of all the uncertainty. As a potential employee somewhere, you've obviously already calculated a range or a fixed number - so why ask the employee?
Re: Employers use your personal data to figure out the lowest salary you'll accept
#188Earlier quoted context omitted.
Experian does collect and sell income data about people, in fact i think they pay companies directly for this information. This is helpful for salary negotiations. It’s not in a normal credit report though, true.
Loan applications. Credit cards. They all ask for your income. I always put 1,000,000. Never been denied a loan.
Mortgage loans and car loans in America also ask for your W-2 or proof of that said income. Can't prove it, they won't let you use your claimed income as basis for loan approvals.
Re: Employers use your personal data to figure out the lowest salary you'll accept
#189Also: "Potential employees of employers use public data to figure out the highest salary they'll offer"
Re: Employers use your personal data to figure out the lowest salary you'll accept
#190Many years ago, back when companies could ask for your previous compensation [0], a hiring manager once said to me "don't ever lie about your past compensation". I wasn't sure how they could figure this out at the time until someone later pointed out that many corporations do a credit history check on you as part of the background check. This gives them access to past compensation. The information asymmetry here is,…
An old neighbor of mine was a headhunter. He once told me that some companies had a trick to get around the law. Upon getting hired, you'd sign a document saying that you'd agree to all policies in the employee handbook. Pretty standard stuff. One of the company policies was that you needed to prove any previous salary you stated in the negotiation. If it was too far off, they'd just terminate you. The trick is that they didn't ask at all during the hiring process; you're already hired and onboarded and then HR puts a meeting on your calendar to explain the policy to you.