by anonymars
11 subcomments
- One (more) thing to opt out of:
Freeze Your Data - The Work Number
https://employees.theworknumber.com/employee-data-freeze
As I understand it, payroll whores your salary out to Equifax*, who then pimps it to others
* Yeah, that one: https://en.wikipedia.org/wiki/2017_Equifax_data_breach
by alexpotato
8 subcomments
- Many years ago, back when companies could ask for your previous compensation [0], a hiring manager once said to me "don't ever lie about your past compensation".
I wasn't sure how they could figure this out at the time until someone later pointed out that many corporations do a credit history check on you as part of the background check. This gives them access to past compensation.
The information asymmetry here is, as with much of hiring, pretty bonkers when they had both the current and past comp history during negotiations when you have just yours. You might also have the comp history of your friends too (if you share) but that's still tiny compared to the corporations.
0 - this was in NYC where it's now no longer allowed.
by impish9208
7 subcomments
- There was a story recently about how large landlords use salary data to raise rents. If they see you got a raise, they’ll increase your rent accordingly. And pretty soon, retailers will do the same. Your personalized price for a gallon of milk at Walmart will reflect your annual raise. I love living in the future!
- I wonder if the winning game becomes your own boss and tiny companies.
I want to do the jump, but lack of courage, good ideas, sales skills and a very good salary still holding me back (open for suggestions).
But if the very good salary would go away, the scales tip instantly.
by ozgrakkurt
1 subcomments
- This is a very complex problem as far as I can understand.
You will be in trouble if that person left their last job because they were unhappy about pay or if the value you are giving is lower than some other company is willing to pay.
They will leave pretty soon in both cases.
Or even worse, they might be in a hurry to find a job for some reason, then they will accept but see the job as temporary.
Would be interesting to know how this actually effects job market.
As far as I know there are websites for employees to declare how much their employers are paying them. Also would be interesting to know how that actually effects job market.
I didn't see this before but would be cool to have a website to see how much money people around me are paying for rent too.
- What a hassle!
Here in Sweden, your tax filings are public information; companies can just ask the government what you made last year. I have no idea if they actually do, though, and the data will be somewhat obfuscated if you have extra income on the side.
by pickleglitch
1 subcomments
- Between this and algorithmic pricing, I envision a future where every penny of your finances is know to both employers and retailers, and together they ensure that you only ever have as much purchasing power as the "free market" decides you should have.
- I'm not seeing how this matters, they were already doing that - the market is a big auction to work out the overlap between lowest salary employees will work for and the highest salary employers will offer. In that process employees also use data to figure out the highest salary that will be offered. The thing forcing employers to pay the salary they do is that if they offer less someone else will gazump them for the employee's time. It has nothing to do with the circumstances of the employees lifestyle. The lifestyle adjusts to the salary.
- Here in Japan they ask you your current salary (it's even mandatory by most companies), so it's easier here :) ... :(
by QuantumSeed
1 subcomments
- Both Amex and Chase regularly ask me to confirm my income. I wonder why they do that if the data is already available to them via Equifax.
by 01HNNWZ0MV43FF
0 subcomment
- Here's a freebie:
- $30k for anything that helps my community / humanity
- $100k for anything harmless that I just don't give a damn about
- 3 million per month after tax to work on weapons of war
by cat-turner
2 subcomments
- You can tell them your past compensation, and if they dig in and you signed an agreement, tell them it included bonuses. Don't tell how much of your salary was compensation vs bonus.
- If your HR software is the same that does payroll and does hiring for your company and many others, it's almost garunteed a flag goes up when you apply to another job with a different company.
https://www.workday.com/en-us/products/payroll/overview.html
I would not trust applying for any company with workday.
by 1970-01-01
0 subcomment
- Reactive, defensive positions just aren't going to do it. Go ahead and find ways to poison their data at this point.
- Why don't companies realize the more you pay a highly skilled worker, the more you get out of them?
Tech companies seem to get it but so few others do, including startups.
I usually have 1/3rd the staff I'd normally need but I hire top tier people at 2x what most startups pay. In the end I save money.
- It is not up to employer to tell me what to accept. If they lowball me, odds are high that I will just not accept it, or if I do, I will be sure to leave them as soon as I get a more reasonable offer, preferably in the middle of a project with no notice beyond what any prior agreement calls for. I will treat them the way they treat me.
- One of the often-overlooked terms of use that people ignore when accessing a payroll processing / human resources website is that the company providing those services can "share" your data with "trusted partners" which essentially allows them to move your income and other personal information to other entities which, in turn, sell that information to anyone who is willing to pay.
It's one of the more abusive uses of click-through agreements - in order to get paid, you have to login and setup your payroll information, and in order to login, you have to click through and agree to these terms, and there is no way to opt out during or after the process.
- People tend to think that income taxes lower your salary. While in practice employers know exactly for how little money (in hand) you are willing to work and in absence of income taxes would just pay this much less so that your money in hand is the same.
As an employee you should fight for income taxes to be as high as possible since they are neutral for you and might fund useful things for all. When left in the pocket of your employer they just become their takeaway. Employers won't spend it on improving the company if they don't have to. And the only things that force them to spend money in a predictable manner is regulation and markey opportunity to earn more. When they have those needs they mostly do it with credit anyways.
Conversely as an employer you should advocate for lowest income taxes possible for your workers.
by weakened_malloc
0 subcomment
- What I find funny about this is that stories have been floating around for *years* about HFT/quant firms specifically hiring quants to work out what the lowest they can pay people in the firm is, and still keep them.
- just create your own company, report you pay yourself the equivalent of $676,942.00 to this credit agency. Then watch your numbers go up
- Bilt sends your rent payments to Equifax. Equifax used to sell that data through The Work Number.
by mememememememo
0 subcomment
- Needs to be made really illegal so they are scared of multi million law suits and whistleblowers.
by WalterBright
3 subcomments
- When I apply for a job, I use data to figure out the highest salary the company will accept.
by anshumankmr
0 subcomment
- They absolutely do, but it also works to keep your cards close to your chest as much as possible.
- > … said the company “does not use algorithmic wage-setting tools to make compensation decisions for our employees or to set new-hire salaries.”
When the HR/CRM/ERP/whatever internal software has the plan to compute these metrics and they display it as metadata next to the people’s names, it’s hard not to curious « just to check ». Maybe it’s not in the company policy but you can never be sure of individuals actions (especially big corps as mentioned in the article)
- And our AIs can give us insight into what is the highest salary that the given company can offer.
by mrbluecoat
1 subcomments
- Also: "Potential employees of employers use public data to figure out the highest salary they'll offer"
by boombapoom
0 subcomment
- if only requiring employers to post the salary for a job could fix this
- This is absolutely despicable!
- Guys, just saying but there is a solution to this issue: scientific socialism.
by nightrate_ai
0 subcomment
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by MarcelinoGMX3C
0 subcomment
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by 3yr-i-frew-up
0 subcomment
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