Careers, Work, Salary, Pay

Careers, Work

What It Really Means When Companies Say 'Pay Is Competitive'

This common phrase doesn't actually give any insight into a company's salary levels — and it just might be a red flag.

7/23/2021 1:15:00 PM

This common phrase doesn't actually give any insight into a company's salary levels — and it just might be a red flag.

This common phrase doesn't actually give any insight into a company's salary levels — and it just might be a red flag.

Advertisement“Saying ‘pay is competitive’ doesn’t really add much to the job description, but companies will often throw it in there because it sounds good. Who doesn’t want competitive pay?” said Tracy Cote, chief people officer of StockX, an online marketplace. “Most companies think they are paying competitively, whether they are or not.”

BTS & Coldplay Drop 'My Universe' Collab: Stream It Now Tokischa & Rosalia Debut 'Linda' at 2021 Billboard Latin Music Awards Rep. Jones to those opposing lowering drug prices: who are you looking out for?

“Pay is competitive” is meant to signal great salaries, but it’s also a warning sign.“Pay is competitive” ― along with its cousin, “salary commensurate with experience” ― is not only a subjective phrase, but it can also be a potential red flag about how the company views compensation and labor.

This belief that you shouldn’t share salary information in a job posting is a part of an “old school” approach many employers follow, said Danny Speros, vice president of people at the software company Zenefits. “They may feel it limits their negotiating power in a compensation discussion, which is a bad reason to do it. I think you should pay people fairly for the work that they do.” headtopics.com

AdvertisementSperos said that he’s used the phrase “pay is competitive” in the job listings in the past, but that his thinking has evolved. “Ten years ago, that was a very common phrase,” he said. “At this point, I don’t use that phrase. I think it’s understood that pay should be competitive.”

“Every employer has a sense of what they can or will pay for a role, so why not tell candidates upfront unless the goal is to pay people less than they’re worth?”- Lauren Ruffin, Fractured AtlasAt Fractured Atlas, a nonprofit technology company that provides tools and services for artists, salaries are posted on job listings to save “us and candidates time and guesswork,” said Lauren Ruffin, the company’s chief external relations officer. She said Fractured Atlas believes that a candidate should have a sense of salary prior to doing any work in the interview process, like a writing sample or case study response.

”‘Pay is competitive’ feels like a bit of a smokescreen. Is it competitive to the industry? To the region?” Ruffin said. “Every employer has a sense of what they can or will pay for a role, so why not tell candidates upfront unless the goal is to pay people less than they’re worth?“

Although it’s still not common, transparency about pay in job listings is now required by law in one state. A statein Colorado this year requiring employers to list salary ranges for job roles open to state residents, even when remote. If companies fail to disclose this in their job openings, they can face fines between $500 and $10,000 per violation. headtopics.com

Rep. Maloney on 1/6 investigations: There’s a reason why Republicans are so freaked out Bad Bunny Wins Big at 2021 Billboard Latin Music Awards: Full Winners List 2021 Billboard Latin Music Awards: Photos From the Show

AdvertisementBut again, not every company wants to share salary information upfront in a job listing. In Colorado, some employers areexcludingstate residents from job openings to get around the requirement.Here’s a job tip: If you’re a candidate who sees “pay is competitive” on a job listing, you should wait until the end of your first real interview with the hiring manager to bring it up, rather than doing so early on, said

Phoebe Gavin, a career coach who specializes in supporting early and mid-career professionals. That way, your curiosity about compensation is just one piece of all the information you’ve given about who you are as a professional, and won’t leave the interviewer with the impression that pay is all you care about.

You can simply ask, “Would you be willing to share the budget for this role? I’d like to make sure we’re on the same page with compensation expectations,” Gavin said.When the job market is hot, “pay is competitive” doesn’t cut it. Read more: HuffPostWomen »

Mano a Mano Panel With Rauw Alejandro and Myke Towers: Humble Beginnings & More Top Moments | 2021 Billboard Latin Music Week | Billboard

More of the leftist nonsense. The phrase “pay is competitive” is just advertising as are many phrases in applicants' resumes Both Companies and applicants try to get the best deal they can. The final results are determined by supply and demand. 하나님을 모르는 자들과 우리 주 예수의 복음에 복종하지 않는 자들에게 형벌을 내리시리니 TreasureInHoliness

Miley Cyrus Singing 'Silent Night' Will Make You Fall in Love With Her AgainIt's really, really good.

His Video Got 75 Million Views But He Didn't Make A CentKevin Parry opened up about how going viral doesn’t always mean getting paid.

The Royals Are 'Worried' Prince Harry Could Write About His Step-Mom, Duchess CamillaI mean...Crown fans know there's a lot to say! No family is perfect. I’m sorry for Harry’s mental illness and drink/drug problems, but can’t respect a man who betrays his own family for money. She will not be queen. She will be princess consort, as agreed upon when they initially got married… 🤦🏼‍♀️

Watch Addison Rae Act in a First Look at 'He's All That'She stars in the remake of the '90s classic, 'She's All That.'

16 Secrets And Stories From Former College Admission Officers'Students get admitted by accident. Unless it’s a really severe mistake, they probably will keep their admission.'

Poshmark seller who earns up to $3,000 a month: 'It never occurred to me that my business would get this big''I felt like it was really simple and exciting to clear out my closet and make money,' says Kaitlin Kao, UCLA student and founder of Kao Closet. MakeIt good luck MakeIt Local book seller who earns $3,715/second: 'It never occurred to me, that my business would get this big.' MakeIt *Ahem* $POSH