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mikescha t1_iw2ecbx wrote

Reply to comment by Au_Sand in How NYC’s pay transparency law could help millions across the U.S. earn more money by strawberrykid_sg

Where is that study? I can't seem to find it. Was it cited on their podcast? If so, it might be the one below.

It found the laws lead to 2% declines, because:

"Our model predicts that transparency reduces the individual bargaining power of workers, leading to lower average wages. A key insight is that employers credibly refuse to pay high wages to any one worker to avoid costly renegotiations with others under transparency."

https://www.nber.org/papers/w28903

Another study posited that posting salary ranges provides information to other companies about what the role is worth, potentially leading to a form of collusion. This seems similar to the idea above.

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enragedcactus t1_iw2rv6v wrote

My wife runs an HR department. She’s never had an issue doing market analysis to figure out what comp should be for different roles. There are tools and applications out there that already helped with this stuff. We live in Colorado so yes, it’s become a bit easier this last year. Nonetheless employers already had no issue figuring out what roles were worth. Collusion happened pretty recently without this in places like Silicon Valley with tech talent.

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Fozzymandius t1_iw382w6 wrote

What sort of tools are there, names would be great especially if it's possible to access them as a private person. I use the OOH and what paltry other information I can find.

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enragedcactus t1_iw4wenv wrote

As a private individual not wanting to spend money you’re only going to have access to things like Glassdoor.

If you want to spend a boatload the services are called comp surveys and there are a “bunch of companies that do them” (quoting my wife here).

A small positive externality is that these new laws will put downward pressure on comp survey pricing.

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Au_Sand t1_iw2vmac wrote

It was cited in their recent podcasts on the subject. Maybe 2 days ago?

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