Ask HN: Are CO salary disclosure laws affecting remote work opportunities?
I'm in my late twenties and looking for states / cities to relocate to with more of a social balance than where I currently live in New York City. I feel like to continue growing I need to be in a place with fewer people, less noise and more nature (not to mention being able to save more $$).
I have a number of friends living in Boulder and Denver, however I'm not too sure if I want to make the jump to CO given their recent employment laws mandating employers publish salaries up front[0]. Although I support this legislation and the core initiatives of transparent compensation disclosure it's clearly driving some companies to explicitly not hire remote in CO.
Curious if anyone else here on HN can comment on the current hiring climate here, both for startups and growth stage companies that are full remote (think Stripe, Brex, etc).
0 - https://www.shrm.org/resourcesandtools/legal-and-compliance/...
direct link to CO "Equal Pay for Equal Work Act" text - https://leg.colorado.gov/sites/default/files/2019a_085_signe...
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[ 3.5 ms ] story [ 150 ms ] thread"This position is not open to applicants residing in or otherwise based in the State of Colorado. The work location is flexible if approved by the Company, except that the position may not be performed remotely from within the State of Colorado."
I looked at one of the links on the site for Spotify, but I couldn't see any mention of Colorado on the job req [3]. Maybe it's somewhere else?? [4]
1: https://www.linkedin.com/jobs/view/2818550867 2: https://www.coloradoexcluded.com/company/776 3: https://www.indeed.com/viewjob?jk=11c21b0e0ec9f40d&tk=1fmsmo... 4: https://www.coloradoexcluded.com/company/509
Only reason I can think of is they dont want to argue with people who start demanding the 200 sense it was posted
1: https://www.shrm.org/resourcesandtools/hr-topics/talent-acqu...
Companies aren't going to be able to pull this sort of trickiness for too long -- the job market is too hot and laws like these are popping up in areas they can't afford not to hire from.
It seems like salary negotiating -- and the necessary secrecy that goes with it -- benefits only employers who systematically shorting some workers and pocket the difference.
https://www.efinancialcareers.com/news/2019/10/salaries-brid...
https://about.gitlab.com/handbook/total-rewards/compensation...
There's no such thing as a secret. Anyone, CEO included, that thinks they have a secret tier of comp... we know. We all talk about you and what a sweet deal you got and we make jokes about how your one or two good attributes are worth at least $$$ and we roll out eyes and chuckle. I love gossiping about salary information in the open
"But, the thing about rumors..." Dude, we know what you make. We show each other screenshots. We could get fired for it and we still do it
No you don't. You have no clue what benefits and comp the CEO gets. Not even the CFO, CTO, COO, CxO knows benefits and comp the CEO (or each other) gets unless they share with each other.
[1] https://www.sec.gov/answers/execcomp.htm
True. I was responding to the OP who left an impression they were talking about a private early stage company
> unless they share with each other
Is that the only way? Because the method we use is we spy on the CEO and steal their documents and then we show each other so that we... know what you make
Get it in writing :) That would be illegal under NLRA of 1935. And if you do get fired for that, you can sue.
https://www.thehrdigest.com/can-fire-employee-discussing-sal...
As to its benefits: it absolutely benefits the workers as employers will need to pre-emptively raise salaries to compete for the candidates they want.
"Requires employers to disclose compensation or range of compensation to applicants and employees upon issuing an employment opportunity for internal or public viewing or upon employee request."
New York State is considering that statewide.
[1] https://www.natlawreview.com/article/nyc-requires-employers-...
Can’t a company just say that the range is $1-$1,000,000 for every single job? Or is there something in the law that requires a narrower range?
I would therefore hope that if a company posted a range of $1-$1,000,000 for a job (let alone all jobs) they would get some scrutiny from regulators. But I don't know. I don't live there and I'm not a lawyer.
Of course, this could be rectified by having finer grained titles. However, finer grained titles introduce their own overhead, introducing more politics/bureaucracy into the system (people at Microsoft would be familiar with this scenario).
I worked at a large hospital system where our salary "bands" were all a matter of record for everyone else in the School of Medicine and it was awesome. You could see what level people were and what their band range was but not their specific W-2. It was fair and transparent and the bands were small enough ranges that you know when you were a Level A vs a G what you were looking at so you didn't have much cost of living anxiety etc and could reasonably calculate if you could afford to rent a nicer apartment when you got your promotion.
It made the workers have sort of a "yeah we all work here because we love it and we all get paid shit and we still love what we do" type of communal gripes.
By contrast, another large public hospital, one of our competitors, has individual drill down public salaries BY PERSON (you can literally google the docs, plug them in and see their exact specific salary) and that seems imo a bridge too far, at least for private employees to ever accept in corporate world. I thought the "bands" added enough privacy that people were comfortable with it but doesn't let your stalker ex boyfriend in Worchester come snoop your take home pay.
a) First, the company be forced to give raises to all employees so that they match they level of the highest paid.
b) Not wanting to repeat this experience, the company will stop competing for valuable candidates and will no longer reward high performers financially.
May be worth to note that, as far as I know, radical transparency at Bridgewater does not extend to salaries. (Source: Was offered a job there about a decade ago). Maybe I am wrong or it has changed since I last checked, but even the link you posted is just a small sample taken from the H1B database, not something published by Bridgewater.
I'm not arguing for or against the idea, I just think its interesting that one of the companies most associated with the idea of radical transparency in the workplace doesn't extend that philosophy to compensation.
What I mean is, with hidden salaries, yes, the low performers get less. Company is shorting them. But also, the high performers get more.
When salaries are transparent, you start making algorithms for whats "fair", so it becomes impossible to counter offer to keep to talent. You can afford to overpay 1-10% of people, but if paying someone more means paying everyone more, then the high performer salaries go down.
Essentially what this means is that hidden salaries are good for the top 10%. 50% of people think they are in the top 10%, so they think transparent salaries will hurt them.
Combine that with fear of the unknown, plus the cargo culting of hiring practices that ask for skills that dont actually get used on the job and are thus completely atrophied by actual experienced devs all encourage inertia in current role. Especially if they are getting okayish equity refreshers and are in a stable company.
For me at least, there’s also the barrier of actually liking working there.
I don’t take jobs at companies where I can’t see myself “drinking the Koolaid”. I want to be engaged in the product, the company, and the work culture. If I’m working somewhere that checks those boxes, it’s going to take a fairly substantial increase in compensation for it to be worthwhile for me to start over in that process.
Also social networks where you are afraid of up rooting your life to go to new city that pays way more but you dont know anybody and would be starting your life over on at least one level completely over. Your primary social network might even already be at work.....
I suspect most companies aren’t sharing because of institutional inertia. Their HR folks would probably have to propose the change internally, and from their perspective it’s just not worth the time to do so.
Some companies don’t present salary bands because they know they are paying under market, and doing so would shrink their funnel. At least from the perspective of the people posting the jobs, that’s a rational decision - they likely don’t have influence over the salary, but they can decide not to post it up front.
On the other side of the issue, I expect that companies that pay very well have many fewer problems getting candidates into their candidate pools. If they know they’re paying more than their competitors, posting it would only increase the number of inbound candidates when they’re not having issues in that area. More candidates means that their evaluation process would need to scale further, which means more work for them with no immediately demonstrable benefit.
From the candidate’s perspective, salary information would give me one more (powerful) tool to assist me in choosing where to focus when I’m job hunting. I would discard very low salaries and spend a bit of additional time focusing on very high salaries. I’d follow up more thoroughly and aggressively with the highest paying employers. I wouldn’t immediately disregard the middle of the distribution, though, for several reasons.
What’s included in the posted salary? Is it actually “salary”, or is it total comp? Are healthcare and other benefits costs accounted for? If not, what does the benefits structure for the company look like? Is equity included? How should I quantify the inherently unpredictable future value of equity? What about their vesting schedule? Is the salary offered for the specific job that’s available, or might it be possible to end up being hired into a similar position with a different title/compensation? Is there room for negotiation? Can salary itself be negotiated directly, or might I need to use more creative methods, like asking for additional PTO, stipends, etc?
It’s a very hard problem, and I honestly don’t think trying to boil it down to a number (or range) offers much value to either side.
Also, transparency is not a technical issue. The people here can easily setup an Airtable spreadsheet where everyone writes the offers they are getting.
There's no such Airtable spreadsheet currently because this is a people issue - we want to know what the companies budget are but want to hold the information to ourselves without sharing that information with anyone else interviewing.
The root cause is us
You mean like Glassdoor?
https://www.glassdoor.com/Salaries/boulder-software-engineer...
No. Glassdoor are posts by (ex)employees and you have to fill out their existing template, which leaves out a lot of perks/benefits/options/RSUs at companies. If you looked at Glassdoor, you would think people at FAANG make no more than $120k/yr because the rest of the perks/benefits/options/RSUs match or often exceed (eg: 2021) the cash component.
I literally meant an Airtable spreadsheet that you and I fill out after speaking to the recruiter from NewCo, even if we dont interview nor ever work there.
A lot of people who use this site are located outside of the USA, and for these people, the abbreviations are not commonly known.
This can genuinely cause confusion - in this case I thought `CO` might be the abbreviation for an senior position which is unknown to me (i.e. like CEO, CTO, etc.).
I live in Ontario, CA. Pop quiz, where do I live? :)
The new thing is disclosing only CO salaries or asterisking that the published salary is for CO residents only.
> Sorry, I have a rule against companies that refuse to hire in Colorado. I feel that sharing a salary band is something that most honest companies are willing to do upfront, and if a company finds sharing that information so reputation damaging that they'll refuse to work with people from an entire state then the odds are their salary bands are low and their culture is not worker friendly.
The market for engineers in Colorado is very hot. What we're seeing is the smaller Boulder/Denver startup scene from the past decade transforming into a larger and more stable market as companies like Ibotta, Guild Education, SendGrid, etc. are hiring a ton of engineers. And you still have lots of smaller startups competing for talent.
If you're trying to get more nature in your life though Denver won't be quite as good as smaller metros with easier access: Salt Lake City, Provo, Portland, Bend, Flagstaff, Reno, or Boise. New Hampshire/ Vermont also have a lot going on but it seems like a different vibe than I'm picking up from the post, and I would guess Canadian Cities like Calgary are out too.
Why not look at other cities before having to worry about any of the legal stuff?
But on the flip side, have you visited Colorado recently? Large parts of the state are now what I would describe as a "suburban hellscape." There are other states with nature and fewer people.
[0]: https://www.skandslegal.com/sks-blog/2021/1/15/colorados-new...
Most "anywhere in the US" job postings don't list a salary range for CO candidates, and I doubt the people posting them are even aware of this law.
My experience is there are roughly three categories of jobs:
1) "Anywhere in the US (or global)" jobs. Very unlikely they'll list a salary range, probably because the person posting a job has no idea about the Colorado law.
2) Companies not HQed in Colorado, but with a Colorado presence (e.g. a company with its HQ in NYC has an office in Boulder). It's maybe 50/50 whether or not they'll list a salary range, especially if the job can be filled in one of many offices in multiple states.
3) Colorado-only companies. Maybe 75%-90% of them will post a salary. Definitely not 100%, but it's better than it was a year ago.
As far as I know there's also no penalty for a company going paying someone outside of the posted salary range, and they also don't have to include any non-salary compensation (e.g. RSUs).
I wouldn't consider this law a major detriment to living here. I have yet to see one actual example of someone being harmed by it.
They had to consult legal. Repost the job w/salaries. Then extend the formal offer.
When they changed the city of one of my openings to Denver, I pointed out that it was illegal to post a job in Colorado without a salary range. I was fired a week later.
Some companies _really_ don't want to post salaries.