alt Hacker NewsHow many people who are considering hiring their first few employees have an idea of what the minimum they’d likely pay and the maximum they’d likely pay for those new positions? Almost all.
Now how many could even tell you the rough definition of standard deviation, let alone be able to give a value for it? Almost none.
As an applicant for a single opening, it’s not obvious that standard deviation is helpful either.
For normal people, I think that min and max are the two most practical and understandable measures.
Replies
master-lincoln • last Sunday at 5:36 PM
we need less normal people
> As an applicant for a single opening
You're nitpicking at details. I'm sure you're smart enough to figure out how to write it so that this isn't an issue, but it seems you're more interested in "taking the other side" rather than thinking together about how to increase job compensation transparency.
Here's the problem with minimums: Companies posting ranges of $100K-$900K. Yes, I've seen them.
Here's a hint for everyone else: For small companies and single openings they can just aggregate mean/median/std by job level (E5 average, M1 average), or aggregate horizontally by team (HR average, ops average), whatever. Anything to increase transparency. If you're criticizing the math instead of building on the math, you're clearly against job transparency.