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Netflix has job with almost $1M listed salary range, to comply with new CA law

jobs.netflix.com

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Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#71

Post by JBlue42 »

canonica wrote: post #47

I'm shocked about their questions on their job application form! It's considered illegal to ask those questions in my country because they can be used for discrimination. Is this normal practice in the US? > What gender identity do you most closely identify with? > Are you a person of transgender experience? > Please select the race and/or ethnic identities you identify with > What sexual orientation do you most clos…

Supposedly, these are always survey questions for EEO research. You don't have to answer them as an applicant. Here's a decent breakdown: https://attorneyatlawmagazine.com/public-articles/employment...

It's also illegal for them to make decisions based off these. I have no idea how you would know if they did or not but that's what they say.

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#72

Post by mightymikey »

remote_phone wrote: post #44

A lot of people responding on here don’t seem to understand that $900k/yr is a very real salary at Netflix. They pay top of the market and it’s all in cash. The pressure is very real and lots of people get fired quickly (a PM I worked with said she saw over 20 engineers let go in the 2 years she was there) but I find that the ones that stay at Netflix for a long time love it and are never worried about being fired.

why are they shooting themselves in the foot with a 90k minimum? looking at levels.fyi, 400-900 for a senior engineer would be way more enticing

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#73

Post by mightymikey »

smugma wrote: post #70

This posting has a greater range ($330,000 - $1,800,000): https://jobs.netflix.com/jobs/253949563 As the range is based on total comp, it makes sense. If you are at the bottom of that range (which is likely just the base salary), you will probably be laid off (Netflix is transparent about this). It's still a massive range. I wonder how much of that total comp range is due to them estimating a certain amount of volati…

Netflix famously pays entirely base salary, letting employees take what percentage as options.

In this case, they are reporting potential base because of their somewhat unique comp structure.

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#74

Post by justusw »

dymk wrote: post #46
endisneigh wrote: post #8

Unsurprising. The ca law unfortunately isn’t robust enough. Standard deviation and inter quartile range is necessary in order to make any real assessment here. Ideally mean and median too.

Why? Let the market figure it out. If people don't like what Netflix is doing, then they won't apply for the job.

If this was anything but highly paid jobs in the tech industry, letting “the market figure it out” will not go well.

Salary lower than minimum wage? No legal minimum parental leave granted? Hazardous work environment? Just quit and apply somewhere else!

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#75

Post by dragonwriter »

the_shivers wrote: post #5

Is 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?

> Is there really nothing in the law preventing companies from doing things like this?

The law specifies that the range must represent the reasonable expectation of the employer of pay for the position, so, were it challenged, it would be a question of fact if that whole range really was both the employers actual expected range, and whether the exepctation of the whole width of the range was objectively reasonable.

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#76

Post by [deleted] »

dragonwriter wrote: post #69
danielvf wrote: post #52

Earlier quoted context omitted.

Netflix is famous for its all cash compensation packages.

> Netflix is famous for its all cash total compensation packages. Netflix uses “total compensation” to mean “total compensation excluding benefits”? Or Netflix has no (including those required by federal and state law for an employer of their size) benefits? (And it doesn’t, as it was previously reported to, have “free option” as part of its employee equity program that provides an amount equal to 5% of salary for st…

[deleted]

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#77

Post by mightymikey »

dragonwriter wrote: post #69
danielvf wrote: post #52

Earlier quoted context omitted.

Netflix is famous for its all cash compensation packages.

> Netflix is famous for its all cash total compensation packages. Netflix uses “total compensation” to mean “total compensation excluding benefits”? Or Netflix has no (including those required by federal and state law for an employer of their size) benefits? (And it doesn’t, as it was previously reported to, have “free option” as part of its employee equity program that provides an amount equal to 5% of salary for st…

Netflix pays all base, with separate allowances for benefits. It lets employees choose what percentage of their base is granted as options. It's all very public: https://jobs.netflix.com/work-life-philosophy

> Stock Option Program: Each employee chooses each year how much of their compensation they want in salary versus stock options. You can choose all cash, all options, or whatever combination suits you. You choose how much risk and upside (down) you want. These 10-year stock options are fully-vested and you keep them even if you leave Netflix.

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#78

Post by dragonwriter »

mightymikey wrote: post #77
dragonwriter wrote: post #69

Earlier quoted context omitted.

> Netflix is famous for its all cash total compensation packages. Netflix uses “total compensation” to mean “total compensation excluding benefits”? Or Netflix has no (including those required by federal and state law for an employer of their size) benefits? (And it doesn’t, as it was previously reported to, have “free option” as part of its employee equity program that provides an amount equal to 5% of salary for st…

Netflix pays all base, with separate allowances for benefits. It lets employees choose what percentage of their base is granted as options. It's all very public: https://jobs.netflix.com/work-life-philosophy > Stock Option Program: Each employee chooses each year how much of their compensation they want in salary versus stock options. You can choose all cash, all options, or whatever combination suits you. You choose…

> Netflix pays all base, with separate allowances for benefits

The details from 2020 (only ones I can find) I've seen posted say they have, e.g., a $15k allowance for health insurance, of which only $5k is refundable as cash if not used, and a 5% on top of base “free option” stock option purchase in their ESPP, as well as choice for elective purchase, and other compensation in excess of salary and hourly wage.

OTOH, if they actually are just calling their “base” (which is in fact at least potentially salary) “total comp” when it is isn’t actually total total comp, just closer to total comp than base salary typically is for the industry, that’s probably not a violation of the law.

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#79

Post by idlephysicist »

random42_ wrote: post #58
canonica wrote: post #47

I'm shocked about their questions on their job application form! It's considered illegal to ask those questions in my country because they can be used for discrimination. Is this normal practice in the US? > What gender identity do you most closely identify with? > Are you a person of transgender experience? > Please select the race and/or ethnic identities you identify with > What sexual orientation do you most clos…

These questions are optional, in my experience. I’ve never seen a form in a job application where these were required.

When I elected to not fill them in, HR told me that they would answer the questions for me. This was due to a "limitation of the system".

Re: Netflix has job with almost $1M listed salary range, to comply with new CA law

#80

Post by kodyo »

JumpCrisscross wrote: post #66
teraflop wrote: post #61

Earlier quoted context omitted.

This is extremely normal in the US. Employers (above a certain size threshold) are required to ask these questions, and to report aggregated statistics to the Equal Employment Opportunity Commission on an annual basis. But employees/candidates are not themselves required to answer the questions. And if they do, employers are forbidden from using the information for discriminatory purposes. (Realistically, if somebody…

Orientation and gender identity are new to me, though it’s been a minute since I applied for a job.

Shit's getting weird, man.
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