Comment by tdeck
3 years ago
This kind of belies every company's excuse for not having comp transparency - that it's proprietary information they don't want competitors to know. Not only do they share these details on specific employees, they also provide percentile data to HR consultancies that use that to help set salary bands. Ever wonder when a company says they pay X% of market? They know that because everyone is sharing this info and they're doing it too.
No, it doesn't. Because comp transparency is within a company. And this is outside a company. Think about the venn diagram of participants.
You're right, I wasn't clear in my parent post and have edited it. Basically the standard lime I've heard is that this is some kind of competitive trade secret / proprietary secret formula that they don't want other companies finding out. No one has once said "we'll tell everyone but our employees in order to keep labor costs down".