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Ask HN: Why are some YC startups not posting salary ranges when law requires it?

news.ycombinator.com

81–90 of 364 posts

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#81
It's acceptable to me.

Is there an obligation in the law to list salary range at every recruiting reference?

If not, is HN now obligated to monitor every official posting for salary range?

If you have a problem with the company, report the company.

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#82
Keep in mind many of the salary transparency laws have minimum employee counts before they come into effect, and iirc, the new york one requires an existing employee being located there before it comes into effect.

I'm firmly on the side of salary transparency, even if a company technically doesn't have to because of its size - but I suspect many of the YC companies in question here are small enough to not be affected by some of these laws.

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#83
post #20

Earlier quoted context omitted.

Hey sorry about that this is our job posting - we duplicated a another one and missed adding that information, thanks for catching that! We added in the salary range. Feel free to email us if you have any other questions!

Why not add it by default?

posting a number can help confident people but hurts others

example, developer makes 100k, has imposter syndrome, sees a great job that has an internal range of 150k-200k. if the dev knew the range they’d think no way they would qualify for THAT much money. the company would happily pay at bottom range for them, but instead they don’t even see the developer.

ranges select for confident people.

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#84

Earlier quoted context omitted.

> You mean do the ethical thing, not just the legal thing? Can you clarify what you mean by "ethical" in this case? It's not obvious to me which ethic / whose interests deserve priority in a case like this.

The more-powerful and better-informed entity deliberately leveraging those imbalances to extract more value from the weaker entity is unethical. Might be normal, might be expected, might be "just business", but it's unethical. It's also contrary to the ideals of a free market, if that matters to anyone. I'll admit that it's ethical if one's ethical framework is based on Pirates of the Caribbean. "Take what you can, g…

> more-powerful and better-informed entity

With many of these roles, it’s unclear who has the advantage: the seed-stage start-up or the key employee.

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#85

Earlier quoted context omitted.

Why not add it by default?

> Why not add it by default? IIUC, it's generally held that in a price negotiation, the first party that posts a number is at a disadvantage. Starting salary is one kind of price negotiation. So I can understand why employers would be reluctant to do that.

Yeah, this isn’t correct. All things being equal, the first to post a number is at a big advantage. As another commenter pointed out, this is called anchoring. Think about a house being sold in a normal market, the price is always well above its market value to anchor the numbers high.

The reason companies don’t want to post a salary number is all things aren’t equal: they have far more information on pay than you do. Vastly more. So they have the luxury of letting your uninformed ask be the anchor point cause they know it’ll probably be low. Plus, if someone asks too high, they can ignore it and move on. They (often but not always) have the luxury of choosing the lowest asks to move forward with.

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#86
post #61
post #53

There are some comments in here that verge on assuming bad faith on the part of the companies involved, so I think it's worth pointing out that this is a new law which has been in effect for just over a month. It's been on the way for a while, so it's not “sudden”, but it’s still a new thing that people are figuring out and it’s easier to forget about if you’re in the habit of re-using old listings. (Not about OP, wh…

This has been law in Colorado for 2 years and applies to anyone offering jobs to any Colorado resident including remote jobs. The law passed in 2019 and went into effect Jan 1, 2021.

Has Colorado actually enforced the law?

The major difference with the NY law is that NY is actually expected to enforce it. That being said, the law is deliberately expected to be leniently enforced, starting with warnings, and only after the warning has been issued will fines be enforced.

Also, another big difference is that other major states (CA & WA I believe) are expected to enact similar laws in 2023, so most US companies are pretty much switching over to displaying salary ranges by default nationally.

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#87

Earlier quoted context omitted.

14 minutes later, it now has a salary range: > $175K-210K base compensation 'Post about the problem on HN' shows its power once again.

This seems low for 5+ YoE in NYC

That's because there's no penalty for paying someone outside of the range...so it's mostly posturing bullshit.

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#88

To those who think it's not YC / HN's problem, you're missing that HN literally has a Job Board: https://news.ycombinator.com/jobs This is a core part of their offering, it's not just user generated content, it's YC companies posting on YC's job board.

It's deeply bizarre to me that there are so many posters on here who think a fund that: 1) invests in, 2) advises, and 3) provides free job advertising to; various startups, has no responsibility to advise them to follow the law when posting those job advertisements on that fund's own job board.

I understand the ones who raise the possibility that some of these aren't, in fact, breaking the law, for one reason or another, but the ones who seem to take offense at the notion that YC might have even a sliver of responsibility here in the first place are really surprising.

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#89

Earlier quoted context omitted.

14 minutes later, it now has a salary range: > $175K-210K base compensation 'Post about the problem on HN' shows its power once again.

This seems low for 5+ YoE in NYC

It says base comp, 200k is quite a normal base salary. There could be 300k equity too, who knows.

But yes, industry comp will decline if layoffs pick up steam. I've already noticed a tremendous easing in being able to hire competent people

Re: Ask HN: Why are some YC startups not posting salary ranges when law requires it?

#90
post #37
post #9

Earlier quoted context omitted.

The user in question sells alt data. If they’re remotely competent at doing so, they have zero need to work at a startup much less a YC-funded one.

What's alt data? I've never heard that term before.

Some tangible examples are: credit card transaction data, individual geolocation or foot-traffic data from mobile phone sdks or carriers themselves, receipts scraped/exfiltrated from email inboxes, individual browsing history, or highly targeted web scraped data.

All "anonymized" of course.

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