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> the power/information imbalance that is used to pay people less than they are worth Candidates often pad their resumes with skills they don't have. They'll pad their salary history. They'll hide things like stretches in jail. They'll list degrees they don't have. All to get a higher salary. The employer often doesn't realize for months that the employee wasn't as represented, and way overpaid. It goes both ways. I know you likely don't believe me, but I've been employer and employee, at min wage and professional wages. If you ever become an employer, you'll find out real fast how little power you have over employees. Anecdotally, I know employees with million dollar salaries. Is it credible that if corporations really had all this power, they'd be paid that much? |
that employee's coworkers and team members surely would realize how well the pay matches though. or at least, they could, wherever the employer makes that info public.
my own experience with internally-public compensation at a 70-engineer company: is that there's so much _error_ in setting salaries. i don't think my employer really cared if the salary they pay for equivalent work varies randomly by 20%: to them that's just the cost of doing business and they have enough margin to cover that. but when i see that my teammate, who's putting in literally 20-hr weeks and producing half the output as the rest of the team, is being paid 20% more than me? that's reason to feel that my employer isn't treating me fairly and to leave. that hurts my employer more than the 20% extra they're paying the other guy.
i felt like there was a catch-22 here: in theory erroneous salaries could be more quickly corrected if they were internally public. but it's risky to make salaries public before the employer is reasonably confident that they're accurate.