alt Hacker NewsDo they say something about the min and max in the range being no more than X% apart? To prevent scenarios like "between £20,000 and £100,000".
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Right, we have these laws in my state but they are almost completely useless because of that. Most large companies will post ranges like $100,000 - $200,000, and have a secret internal "real" range that they won't share with you.
We don't have any real firm details yet, the pre-legislative consultation only closed last week.
However that consultation said this:
>We propose to introduce this requirement [pay transparency in recruitment] through a delegated power, enabling regulations to specify exact requirements. For example, the size of a salary range.
it would make more sense to just state median salary for this position in company advertising the job, unless it's completely new position/company, where the min/max would have % limits
That’s as ridiculous as some of the job postings here with a range of $100K-300K. Without bounding the range in some way like you say, this does absolutely nothing.
Example: https://www.enduranceenergy.com/careers/2af3b48c-4e20-420a-b...
No, but people will just assume the actual pay is £20k and decide whether to apply for it on that basis.
As an employer that ruins one of the classic ruses that has been going on for a while: take someone through multiple interviews and then lowball the candidate who seems the most desperate.
If you believe in free market economics I think we can expect this to be a mess for a little while and then within a year or two it gets relatively efficient at dealing with the inefficiencies it’s targeting: younger people just not wanting to play the bullshit game where employers dangle generous starting offers, and then rug pull them to 2/3rds of that number; and to fix the gender pay gap (and the smaller reaching ethnicity pay gap).