Companies lower salaries in job postings as pay transparency laws take effect
Companies lower salaries in job postings as pay transparency laws take effect
Pay transparency laws have made more employers disclose salary ranges in job listings. Yet, a new report finds advertised wages aren’t growing as expected.
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Salary range: $35k - $270k
Was looking at a job posting for a role in CA and the range was, I shit you not, 75k-395k.
I kinda want to give them the benefit of the doubt because that's just odd it seems as if someone just fat fingered the 3, because 75-95 makes a lot more sense
But then again corporate gonna corporate soooo
Unfortunately, this level of job regularly pays 200k plus or minus a bit. So I doubt it was a fat finger unless they meant 175-395.
Maybe they did fat finger it, but they didn't care because they weren't being paid enough?
Minimum wage, minimum effort
We need to eliminate the expectation that underpaid workers will or should bust their butt for the potential of a raise.
You treat me right and pay me well (a sustainable income) then I'll move mountains for you. But treat me inhumanely or pay me a pittance and I'll assume you wish I wasn't here.
I usually average out the two salaries and use that as their "intended" starting pay.
So (75 + 395)/2 = 235k a year avg starting salary for an average applicant.
The top end I consider the pay if the applicant meets all the requirements listed in the job ad.
Good call. That’s exactly what I do. I haven’t applied to a job like this m, but it seems like a good enough way to estimate.
It's no accident. I was out of a job for half the year and saw this so many times. In states where the laws aren't specific enough, posting an absurd salary range is how companies comply with the letter but not the spirit of it.
You've never shopped for housing in California, have you? $95k doesn't give you rent for a room in a quad.
Well I wasn't really saying it was a fair or decent wage lol just that it made more sense for the range to be a difference of 20k instead of 320k lmao
Completely agree. I had the same logic, only since it was CA I figured they fat-finger-dropped a "2" in front of the first number.
That's way too low for CA. But 395 is senior-staff-level.
That's very fat fingers to type a 3 next to a - or a 9.
What that says to me is they are not looking to fill a specific position. They are collecting resumes for whatever internal backlog and, should they have a need, they'll fill any necessary positions at those salary brackets from their resume pile.
Sounds like software engineering
Exactly. Literally saw that yesterday.
Lmao I literally just got a linkedin email of a job posting in Netflix for a role similar to my current job. The salary range? 100k-700k.
I thought I was already exaggerating a little with 35k to 270k. But now I feel it was realistic.
On a side note, please don’t even consider taking a job at Netflix. Everybody who works there is always under threat of losing their job. They constantly reevaluate employees and managers are forced to churn through people even when their team is working well. The culture is absolutely savage.
Their "flat" hierarchy also winds up pitting everyone against each other.
I'm not saying you're wrong, never worked there, but if you're not worried about job stability personally, it doesn't matter. Do your best, learn everything you can, take no criticism personally, get fired for bullshit reasons, and learn from the experience. Just use them. They don't care about you, you already know you could be fired, and ride the wave as far as it takes you. The lifestyle is not for everyone, but a lot of younger people know this these days. They see the companies like stepping stones. Any company probably won't last ten years, anyway. Loyalty is bullshit on either side.
For a 700k salary I would 100% take the risk. Don’t change your lifestyle after you get the job and just pocket the extra cash. If you get fired having Netflix on your resume should allow you to find a new position fast enough to come out on top of the deal provided that you are able to make it a few months at Netflix.
If you are fortunate enough to have 3-6 months of expenses in an emergency fund then there is very little downside as long as you are able to maintain the correct headspace.
I suspect a lot of younger software engineers are doing this. I was talking to one who made it a point to latch onto companies in their death throes, usually by word of mouth, so he got laid off with severance, and thus can explain short job hops with the "fast paced industry." He lived frugally, being in a country where a $200k+ USD salary was ludicrously wealthy, and he said he did very little actual programming except personal projects that he did just to make his github account look active. He was just hopping from company to company without any real love or attachment to where he worked. I was both appalled and impressed how matter of fact he was, plus his perspective on the US job market was dead on. He had it all figured out.