It has been one year since the enactment of Directive 2023/970 of the European Parliament, also known as the Salary Transparency Law. This law will require all companies to make public the salary ranges of all their employees. In other words, you will know if your colleagues receive the same salary as you for doing the same job. With this measure, the European Directive aims to strengthen equal pay between men and women for work of equal value, setting the gender pay gap at a maximum of 5%, compared to the current European average of 13%. The law came into
Only the salary ranges for a position become public. They aren’t going to publish what they pay each employee.
And if it’s anything like California the ranges will be useless. My salary “range” is quoted as $80k - $170k. Real fucking useless.
My salary is between $1 and $10000000
so you get paid $80k right?
$81K because they have 5 years experience in a technology that has been out for 3 years.
I’ve looked at some California ranges. They tend to be well below what levels.fyi claims these companies pay (I’m thinking Netflix, Microsoft, Google).
I’m assuming they lowball the range in the ad so if they get a candidate that doesn’t fit the original criteria they were thinking of but they still want to onboard, they can pay less. If they get a candidate that they really like, maybe they’ll pay more? I know we’re supposed to be all doom and gloom here, but there’s plenty of folks making ludicrous salaries in tech.
Thats true, you can ask the average salary for the role within the firm though. Having seen the pisstaking done in America with ranges, they got out ahead of it.
Netflix Salary Range: $3.50 to $900,000
Salary range: Illegal - Fantasy
I assume there may be some cutoff point, but what if you have a low number of people in the role say for example 2. Wouldn’t that be pretty much narrowing it down to being per employee?