> Think about it: Every business, from tiny boutiques to online giants like Amazon, tell you exactly how much each of their items costs. Why shouldn't it be the same when we're shopping for a job?
Despite the question being rhethorical, the answer is everything that's wrong about this proposal: Because the most important attributes are very hard to gauge and almost impossible to prove — Grit, dedication, responsibility, excellence and loyalty.
I've got people with the same job title with almost a magnitude of difference in actual output. Sure, on paper, they're "doing the same thing", but if someone forced me to shoehorn them into categories, that would mostly serve to punish top performes with little credentials and push them somewhere else.
I feel strongly about this, mostly because it happened to myself: After being sold, the first company that employed me introduced a "completely fair and transparent" compensation scheme. After I saw the scheme projected to the wall in the big All-Hands, I realized that without any degree I'd have to wait 10 years for stock options while the PhDs would be in almost immediately.
I called a recruiter the next day and was out a few months after.
Pay transparency is something that has upsides imho, but isn't a clear-cut win. It can turn out to be a net negative. Some further reading: https://www.wsj.com/articles/the-downside-of-full-pay-transp...
Despite the question being rhethorical, the answer is everything that's wrong about this proposal: Because the most important attributes are very hard to gauge and almost impossible to prove — Grit, dedication, responsibility, excellence and loyalty.
I've got people with the same job title with almost a magnitude of difference in actual output. Sure, on paper, they're "doing the same thing", but if someone forced me to shoehorn them into categories, that would mostly serve to punish top performes with little credentials and push them somewhere else.
I feel strongly about this, mostly because it happened to myself: After being sold, the first company that employed me introduced a "completely fair and transparent" compensation scheme. After I saw the scheme projected to the wall in the big All-Hands, I realized that without any degree I'd have to wait 10 years for stock options while the PhDs would be in almost immediately.
I called a recruiter the next day and was out a few months after.
Pay transparency is something that has upsides imho, but isn't a clear-cut win. It can turn out to be a net negative. Some further reading: https://www.wsj.com/articles/the-downside-of-full-pay-transp...