Comment by iamleppert
5 months ago
If you've ever worked for a YC or Sequoia company, you're in a secret database with who you worked and how much you made that is accessible to other founders. The additional context is critical for startups to make competitive offers to startup employees. I don't see what the big deal is. If a worker is working at a company A making $80k, and they try to get a job a company B making $90k, the owner of company B needs to know they were only making $80k at their last firm, so they can make a good offer of $85k. $10k would be too much.
> If a worker is working at a company A making $80k, and they try to get a job a company B making $90k, the owner of company B needs to know they were only making $80k at their last firm, so they can make a good offer of $85k. $10k would be too much.
I disagree wholeheartedly with this.
> secret database
> I don't see what the big deal is
Pick one... If there is no big deal, why would they want to keep the database secret? Also, do you have any source on that?
It doesn't really matter so much. Company B needs to know whether to beat an offer from company C for $95k or only $80k. Your salary history only affects employers that aren't trying to compete effectively, because what you made then isn't what you could make now.
And the end of the ZIRP-driven shortage is telling us that what we used to make is not locked in forever.
I am not a Lawyer, or a US resident but I highly suspect this behavior is completely illegal in Europe (and rightfully so in my mind).