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down_up__left_right t1_iul1xkp wrote

Reply to comment by ctindel in Employers that have four or more employees in NYC are legally required to share salary ranges for job listings. by [deleted]

Total comp would have employers adding in everything possible like the PTO hours, insurance benefits, commuter transit benefits, holidays, the cookies they bring into the office once a month, etc. There's lot more room for loopholes if it's total comp vs. just simply the yearly base salary.

Beyond giving less loopholes I would personally prefer to quickly see salary up front in the job listing and then look more in depth at total comp once I actually had the offer.

People in fields where the yearly bonus is huge compared to the base salary may feel differently but this law should cut through a lot of bullshit in fields not like that.

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ctindel t1_iul2e68 wrote

Your annual pay is the same regardless of how much PTO they give you though I definitely agree its part of the package. WFH falls into the same bucket I'd say.

> There's also a lot more room for loopholes if it's total comp vs. just simply the yearly base salary.

Sure but if they have to publish "people in this job level in NYC last year made somewhere in the range of $75k - $1.5M" it is far better in terms of the transparency that people are looking for so much.

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down_up__left_right t1_iul36qh wrote

>Sure but if they have to publish "people in this job level in NYC last year made somewhere in the range of $75k - $1.5M" it is far better in terms of the transparency that people are looking for so much.

If a company lists a base salary with that range then it would be up to a judge if that's a "good faith" listing:

>Employers must state the minimum and maximum salary they in good faith believe at the time of the posting they are willing to pay for the advertised job, promotion, or transfer opportunity. "Good faith” means the salary range the employer honestly believes at the time they are listing the job advertisement that they are willing to pay the successful applicant(s).

Also if a company lists clearly bullshit ranges it could turn off prospective applicants. Now that the numbers have to be there employers are probably going to want them to be accurate. too low of a minimum and employees that have other options don't even apply. Too high of a max and companies waste time doing interviews and giving offers to people that turn it down because they were expecting a much higher offer.

There's a reason someone linked JP Morgan's job listing and they're already complying with this. It's more work to try to cheat it than just putting in the ranges that HR already had internally for the listing.

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ctindel t1_iul3mxy wrote

> If a company lists a base salary with that range then it would be up to a judge if that's a "good faith" listing.

I didn't say it was a base salary I said it was a total comp and of course if they just issued a SQL query in the payroll system and took the MIN() and MAX() then its absolutely been done in good faith.

What good does it do if the company just gives everyone the same base salary (lets say 100K) and then still has a very widely skewed total comp range because some people are better at negotiating than others?

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down_up__left_right t1_iul3rfy wrote

> I didn't say it was a base salary I said it was a total comp and of course if they just issued a SQL query in the payroll system and took the MIN() and MAX() then its absolutely been done in good faith.

You think there are roles at the same company where someone is making $1.5M and someone else in the same role is making $75K? Is that the basis of what you are saying here?

Well if that's the case then the person making $75k will see the listing for their role and realized how under paid they are.

>What good does it do if the company just gives everyone the same base salary (lets say 100K) and then still has a very widely skewed total comp range because some people are better at negotiating than others?

As I said:

>People in fields where the yearly bonus is huge compared to the base salary may feel differently but this law should cut through a lot of bullshit in fields not like that.

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