Comment by dataking

3 years ago

Lots or reporting requirements only take effect once a firm reaches a certain size. This makes a lot of sense given that tiny firms (say less than 10 employees) may not have formalized wage scales, in-house administrative staff, and have a harder time amortizing compliance costs. So yes, there are disadvantages to consider.

13 comments

dataking

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solardev  3 years ago

Smaller companies can just report whatever they're paying each employee that year, then?

  • bitshiftfaced  3 years ago

    Grandparent poster asked what the disadvantages were. Some employees might not want their personal salary information revealed.

    • Someone1234  3 years ago

      Even the lowest paid employees at the state and federal level already have their pay revealed, and it hasn't caused a problem yet. As far as I know, only orgs like the CIA (and similar) where their employees aren't public are hidden from public view.

      4 replies →

    • nine_k  3 years ago

      I think the legal requirements is declaring pay ranges for which the companies agree to hire (IDK if they must reveal current actual pay). A range can conceal enough for a particular employee not to feel exposed.

    • ethbr1  3 years ago

      Does everyone want their salary even more trivially scraped by Experian and packaged up into a data product?

      I'm sure all sorts of entities would like to know exactly what your income is.

      2 replies →