Certainly anyone applying for this job should ask "how do I qualify for the $900k salary band?" How is the interviewer going to answer that?
Netflix has job with almost $1M listed salary range, to comply with new CA law
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Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#32Colorado has a similar law, but I've never observed this kind of "range-hacking." Why would this happen in CA but not CO?
Probably because of selection bias: most of the huge tech companies are headquartered in CA, not CO, and of those, the ones that are just batshit insane when it comes to hiring are also found more in CA than in CO. And then because Netflix considered themselves a "dream team" snowflake, they even have a "we may decide to fire you if you're not the absolute best each week every week". But because of how they implement…
Microsoft? Amazon?
Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#33Is there really nothing in the law preventing companies from doing things like this? Could they say something even more absurd like $1-$1,000,000?
In the law? No; but, this is the sort of thing that people who care about equality in pay should look at and refuse to work at. If there can be an 800k difference between two different employees with the same title that sit next to each other, that's not a place I would want to work for and wouldn't even apply.
I strongly suspect no place would pay 800k otherwise. The reality is these companies cannot simply have 800k positions with well defined criteria - these compensation levels are reserved for people that would be especially painful to replace, and the criteria are rarely cut and dry. You could come up with a bigger hammer to prevent these practices, but in the end the exceptional employees are the only ones to lose - I bet companies would love there to be a blanket ban on large compensation in the industry.
Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#34Is there really nothing in the law preventing companies from doing things like this? Could they say something even more absurd like $1-$1,000,000?
In the law? No; but, this is the sort of thing that people who care about equality in pay should look at and refuse to work at. If there can be an 800k difference between two different employees with the same title that sit next to each other, that's not a place I would want to work for and wouldn't even apply.
If it's possible for there to be an $800k difference I am definitely applying.
Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#35Earlier quoted context omitted.
You're right but I think you're missing the point. Offering a range that broad in the job listing is just an effort to flaunt a law. That law was put into place to help the people you're talking about.
It’s not flaunting a law. It’s a typical built in Sacramento law written by dilettantes who can’t think through the simplest of problems. Just like the “can’t charge extra for using a credit card” law. Prices went up and gas stations give a cash discount.
Yes it is.
Perhaps Netflix is not _breaking_ a law, which itself may have been written by "dilettantes", but this action certainly disabuses us of the notion that Netflix has any intention to adhere to the spirit of the law, which was to reduce racial and gender-based salary gaps.
Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#36Aren’t relevant salary ranges supposed to save HR and the applicants time in the job search process?
> supposed to save HR and the applicants time in the job search process?
Colorado has had this law for a while. Has this been studied?
Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#37Certainly anyone applying for this job should ask "how do I qualify for the $900k salary band?" How is the interviewer going to answer that?
> How is the interviewer going to answer that?
“Why don’t you tell me?”
Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#38This clearly does not comply with the law [0]. The listed range is based on total comp which it justifies with an appeal to Netflix’s “compensation philosophy”; the law, however, specifically defines the “pay scale” that must accompany a posting as being the “the salary or hourly wage range that the employer reasonably expects to pay for the position” [1], not total compensation, and the law does not include an exception for alternative compensation philosophy.
[0] even ignoring the sizs of the range and the use of “reasonably expects” in the law, which I suspect, unless there are some very unusual factual circumstances applicable to the position, would also be problematic
[1] Cal Labor Code 432.3(m)(1) as adopted in SB 1162 of 2022.
Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#39I wonder what follow-through the law has to fix/avoid this kind of behavior? I know some companies are now working to ensure that they no longer have a single listing for a job into which you could hire people at different levels, so that they can better honor the spirit of the law. It would be nice if the law itself ensured had a way to enforce or ensure that sort of behavior, but I don’t know what that would look l…
Avoid what behavior? If that's the possible range of salaries they'll offer for the role then they're doing exactly what the law intends.
Re: Netflix has job with almost $1M listed salary range, to comply with new CA law
#40> This market range is based on total compensation (vs. only base salary), Even if not the case here, isn't that to be expected then? Volatility in share price will put a big range in that figure for companies with less of the total comp in cash base salary.
This isn't the case at Netflix, who famously offer cash salaries and an option to elect to forego some salary in exchange for options. There are no RSUs at Netflix.
Also, RSU+cash salaries are almost universally quoted in year-of Total Direct Compensation, that is share value of the newly granted shares at the time they are granted each year, so volatility doesn't affect the TDC, only the actual realized TC.