We can only close pay gap if pays are transparent. If I don't know what my colleague who does same work as me is getting, I'll never know if I'm being underpaid. Time to have one salary for one job. Create more levels. Promote people to reward for performance.. But keep salaries transparent ! TC- that's the whole point! I should not have to rely on Blind to guess salaries.
I’m good thanks
Are you?
Yep
How do you reward the top talent? Promote them every year? Or give them extra bonus, which would change their TC. How do you motivate people when they know everyone will be paid the same irrespective of the impact they make and their talent. Seems like your solution would be to keep promoting people every year and create like 20-30 IC levels/job titles to support that solution.
What's the issue in creating multiple levels?
Unless it’s a standard across the industry, it dilutes the titles. Perhaps you should should lead this initiative for the entire industry.
Doing the same work isn’t often the same as being as talented as your coworker. If my coworker can do 2X the work I can, and have more experience - why wouldn’t they get paid more? Most people who push for this are people who found out 2YoE isn’t work 500k TC.
Totally. That's why you need to keep people at the right level based on their output & potential.
This doesn’t account for varying levels of skill within a particular level, or demand for the individual between companies. Not that the interviews are the most accurate way of determining that, but this isn’t the answer at all. What problem are you trying to solve?
Create sublevels for different skills needed by the job.
Understood. Skill isn’t the only thing to account for, there’s something to be said for tenacity and grinding. If you have multiple offers, you should be able to shop that around and get the best offer possible. This would shut that down completely.
Same work == Same pay and Same team != same work. It could simplify if you only focus on improving your own TC. If you feel you are not recognized enough, switch.
Switching doesn't solve the problem given that pay gap is a commonly occurring phenomenon. We have to find more generalised solution applicable to organizations
There's no such thing as a salary range. That's a trick recruiters use on n00bs. Just to save you time your colleague makes way more than you for way less work. A huge component of comp is past earnings and luck.. Pay isn't fair. Never will be. Learn to play the game instead of having it.
No one is saying anything about past earnings and luck. We've to focus on fixing the future. Make salaries transparent so that no one is underpaid for the same work. I'm raising my voice to ask for rules to be changed for unfair game. Not going silent !
Past earnings and luck determine future salary. Easily example, you and I do the same job but I applied and got a standard offer. You came in through and acquisition and thus get 10m more in equity than I get. You are saying you want to be penalized for taking a risk and getting lucky? Later you continue to perform better than I do and you get a 15% raise whole I get a 7%. You again want to be penalized and only get a 7% raise too? Salaries being transparent provides zero value but harms folks too immature to realize they need to stop comparing themselves to others. If you want to share your salary with your peers you can, see how well they goes haha.
Some places do this already
I know and it's a great policy. Others should copy.
Blind's gonna bury your post
It is already ! Let's keep asking again & again.
Blind isn't showing me notifications for this post
Why do you think pay gap shouldn't exist ? Why do you think everybody should get equal pay irrespective of contribution ?
Where do I claim give equal pay "irrespective" of contribution?
Then suggest that in the post that you want pay gap to exist, and provide the alternative to salary ranges while keeping pay gap. If you are suggesting to create thousands of positions with different fixed salary for each position, it will not be scalable.
You’re so naive. Are you a new grad?
Thank you. I'll take that as a compliment. Being naive opens us to new possibilities.
Also opens you to real world.