I’d love to see a law that goes a step further and also mandates that everyone’s salary be public knowledge to everyone else within the same company. If this generates resentment, it means the company is poorly managed. The company would therefore either be compelled to fix their pay discrepancies (thereby allaying the resentment) or risk losing resentful employees to other companies.
It would also be great if this current law forced companies to disclose accurate ranges (e.g. ±1σ from the median pay for a given title). Otherwise, they can specify arbitrarily huge ranges and make the whole thing meaningless.
It would also be great if this current law forced companies to disclose accurate ranges (e.g. ±1σ from the median pay for a given title). Otherwise, they can specify arbitrarily huge ranges and make the whole thing meaningless.