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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

#81

Post by Retric »

tylersmith wrote: post #63
Retric wrote: post #10

Earlier quoted context omitted.

Presumably it’s not actually complying with the law. Try telling a Jude listing a salary range between minimum wage and 1 billion per year counts as salary disclosure. That said, this could easily become the norm should enough companies do the same thing.

It's unlikely a job is actually offering $1B, whereas many engineers get $1M+.

It’s equally unlikely the actual salary range is 90k to 900k for the same position. The issue isn’t 900k as a number or 90k as a number it’s the vast difference between them.

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

#82

Post by maxerickson »

CodeWriter23 wrote: post #20
tony_cannistra wrote: post #4

Earlier 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.

Is it flouting a law though?

The credit card thing mostly isn't a law, it's part of the merchant agreements. There's a few states with a "no fees" law (which all allow cash discounts):

https://www.usatoday.com/story/money/personalfinance/2021/04...

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

#83

Post by mightymikey »

dragonwriter wrote: post #78
mightymikey wrote: post #77

Earlier quoted context omitted.

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,…

the issue is that the employee has the option of turning a portion of that base into options. which means netflix is de facto offering "total comp", with "100% cash" being one option for that total comp offer.

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

#84

Post by tylersmith »

Retric wrote: post #81
tylersmith wrote: post #63

Earlier quoted context omitted.

It's unlikely a job is actually offering $1B, whereas many engineers get $1M+.

It’s equally unlikely the actual salary range is 90k to 900k for the same position. The issue isn’t 900k as a number or 90k as a number it’s the vast difference between them.

People ask for and are worth vastly diffently amounts.

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

#85

Post by Retric »

tylersmith wrote: post #84
Retric wrote: post #81

Earlier quoted context omitted.

It’s equally unlikely the actual salary range is 90k to 900k for the same position. The issue isn’t 900k as a number or 90k as a number it’s the vast difference between them.

People ask for and are worth vastly diffently amounts.

If they can expect to get and retain someone for 90k which can do the job then it’s hard to argue anyone is actually worth 10x as much.

I am not saying nobody makes 900k, just that if they are willing to budget 900k they might be looking for more from an applicant than someone whose skills only commands 90k base salary.

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

#86

Post by mightymikey »

canonica wrote: post #62
random42_ wrote: post #58

Earlier quoted context omitted.

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

In my country it's absolutely illegal to ask, no matter if voluntary or involuntary.

in the US, it is required top ask, but optional to fill

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

#88

Post by JumpCrisscross »

kodyo wrote: post #80
JumpCrisscross wrote: post #66

Earlier quoted context omitted.

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.

I could see it having a place on an intake form. But on a job application? Is it so they can schedule interviews based on your race and gender identity?

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

#89

Post by Terretta »

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.

I thought the law is specifying base salary required, but not total comp.

Meanwhile, Netflix offers flexibility in choosing base vs. equity rewards. So, while not required to, Netflix is providing the total comp guidance:

"This market range is based on total compensation (vs. only base salary), which is in line with our compensation philosophy."

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