Open salary
When I worked as a stockbroker, everyone in the office knew exactly how much the other people (well, not management, or administrative, but all other salespeople) were making. It was a lot different than the typical office environment where nobody knows other people's compensation unless it's shared secretly. The concept of "open salaries" where compensation is known to everyone is an interesting and beneficial concept to create a more democratic organization. Read about it at https://blog.uptech.team/the-complete-guide-to-self-defined-salaries-from-uptech-ea9cc7b2320c and https://blog.makersacademy.com/how-to-self-set-your-salary-6f4819361335
The concept fits into the organizational management style referred to as "Teal Organizations"
(Side note: https://opencollective.com/ is a site where some projects operate transparently to collect and fund operations from their community/sponsors)
More
- https://www.thepennyhoarder.com/make-money/companies-with-open-salaries/
- https://www.entrepreneur.com/article/272706
- https://www.wsj.com/articles/why-there-is-no-science-in-your-salary-1470153316
- https://www.payscale.com/hr/infographic-employee-engagement
Compensation and Salary Sources
See the article on Salary negotiation.
The best salary research sites include
- Levels.fyi (e.g. Amazon) where it tells you compensation numbers for various levels at AWS.
- PayScale
- Comparably
- Glassdoor - has gotten increasingly bad over time.
- SalaryExpert
- Salary.com
- Indeed
- The Bureau of Labor Statistics (BLS) Occupational Outlook Handbook. You can use these resources to find the median or average salary for your job title in your area, the anticipated pay trajectory in your career path, and other related data points to help you make sound career decisions.[1]
- US Office of Personnel Management (OPM) has salary and wage data. OPM serves as the chief human resources agency and personnel policy manager for the Federal Government. OPM provides policy leadership and expertise on a variety of governmentwide pay programs for Federal employees, including the General Schedule (GS). So, if you're wondering about pay scales for GS-14, check out OPM.
Some additional sites and/or services that company HR teams use internally include
- AON's Radford McLagan Compensation Survey Data for Technology Companies 2100+ Participating Organizations 6.9 Million Employees 1400+ Highly Targeted Technology Jobs
- Robert Half Salary Guide - Includes global data, not just US-centric.
- The Robert Half Salary Calculator - will give you the quartiles for a given job title and location - making it easier to negotiate for 75th percentile comp.
- Randstad Salary Guide - for employers. "In a rapidly evolving labor landscape driven by digital innovation and changing demographics, the pressure on employers to remain competitive has never been greater. AI-powered automation is reshaping roles and widening the skills gap, while demographic shifts are influencing labor market dynamics. In today’s talent market, securing top talent is increasingly challenging."
- Culpepper Technology Compensation Survey
- Culpepper Technology Compensation (Job Descriptions and Leveling Guides)
Calculators
Here's a calculator but they have a backwards way of defining "unadjusted" and "adjusted". They subtract "paid" holidays and vacations as if you didn't get paid. This only makes sense if you're trying to figure out how much money you will take home annually in a job that does not receive any paid holidays or vacation days, but you want to budget for them anyway.
Taxes
Consult State income tax info if you need to factor that into comparisons.== References ==
