hoonew t1_iw1qk8c wrote
I think this will provoke employers to inflate their quoted salary ranges by making them "OTE" (On Target Earnings) and then set those targets quite high.
CeolSilver t1_iw2id39 wrote
Outside of sales very few jobs would have formal defined OTEs
If anybody in my industry started saying I need to be sitting certain business targets to get my full salary they’d be laughed out of every job interview.
narwhal13 t1_iw2pxvh wrote
Working for a division of a fortune 500 and our bonus are tied to OTE/DNE. Which was a large part of the salary according to the interview, bonuses drop 90%+ 2 years ago. Grossing 2k-3k a quarter bonus is now an annual net about $500 (taxes).
On top of that, they have shrunk the workforce by 25% over those 2 years to save money. Heard our building went from 300+ to around 130 people over last 10 years and we are hitting record sales numbers but not enough for bonuses.
enragedcactus t1_iw2rcba wrote
We’ve had the law for almost a year now in Colorado and this isn’t what’s happened.
WYWYW t1_iw3mp41 wrote
Exactly. Sure, there's a few companies that blatantly try to skirt the law. Others provide broad ranges. But plenty of companies have started including reasonable ranges in their job postings and that's already a huge improvement in transparency from where we were a while back. If NY and other states follow, at one point it will be easier for companies just to include the range in all of their job reqs.
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