Salary range disclosures backfire after government push

Some of the jobs that California has been pushing for better wage transparency have higher wages.

The wage disclosure law, formerly known as SB 1162, went into effect with the start of the new year. It mandates that employers with 15 or more employees “include a pay scale in every job posting.” When such an employer works with another person to “advertise, post, publish, or make known a job offer,” they must also disclose the amount of the salary listed, According to legal documents.

The California Department of Industrial Relations says the rules apply to job advertisements “if the position can be filled in California, either in person or remotely.” The wage scale must “mean the wage or hourly wage that the employer expects to pay” someone for the job and must not include bonuses, tips or other benefits, According to Department.

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Tesla

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In a List of Tesla projects for a software engineer in Fremont, the electric car maker listed “expected compensation” as $104,000-$384,000 in annual salary, cash and stock awards, and benefits. Someone to a business analyst position for Tesla’s Semi segment had compensation of $68,000-$234,000.

“Wages offered can vary based on a number of factors, including market location, job experience, skills and experience,” he said. “The total salary for this position may include other factors depending on the position offered.”

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Netflix

The Netflix logo is displayed during ‘Paris Games Week’ on November 02, 2017 in Paris, France. (Chesnot/Getty Images)

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On Netflix, a Property management plan site in Los Gatos has a “gross market” of $80,000-$700,000, according to the ad. One work as a software engineer in the advertising giant had $90,000-$900,000, while post making assistant position in Los Angeles came with a market price of $55,000-$305,000.

The listing said market shares were “based on compensation (compared to base salary), which is consistent with our compensation philosophy.”

Netflix “think carefully[s] more salary factors to determine the top of your market,” the job ad said, depending on market factors and also consider factors such as specific work, skills and experience. for your position,” according to the listings.

Bloomberg it has already been said on a wide range of salaries at the two companies, including those highlighted by compensation analytics website Comprehensive.io.

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TikTok

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For the role of software engineer at ByteDance unit TikTok in the company’s development and sales team in San Francisco, the starting salary was. written as $126,000-$304,704.

“At TikTok, base pay is just one part of the compensation we offer to recognize employees for their work,” a TikTok spokesperson told FOX Business. “We can consider people with different skills, abilities or qualifications. This can affect the salary range, which reflects the amount of salary that a person can receive based on different factors.”

FOX Business has reached out to Tesla and Netflix for comment.

Among tech companies tracked by Comprehensive.io, compliance with California’s new financial disclosure rules was about 50.2% as of Friday afternoon, according to the site.

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Other countries

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Similar laws have been passed in New York City and New York State, and state laws signed by Gov. Kathy Hochul (DN.Y.) is expected to begin work later this year.

The city’s bill went into effect in November. Some paychecks that appeared shortly after the Big Apple’s rule began, also showed a significant difference between the increase and the decrease, according to Bloomberg.

Washington State and Colorado have also enacted their own laws requiring employers to disclose what employers have in their positions.

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