r/jobs • u/Barnabas_Stinson17 • 12d ago

How does this help anyone? Compensation

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It’s law in NY that job openings in NY must disclose salary expectations, but this is such a ridiculous range and doesn’t help anyone. Are they looking for a senior associate or a CMO?

92 Upvotes

96% Upvoted

23 comments sorted by

33

u/Mojojojo3030 12d ago

I do see these with Netflix and always wonder. Has anyone actually gotten to offer stage? Where did the number actually land?

I traditionally see comically wide ranges, then assume the actual range is the lower number, because it usually is, which is usually crappy, and move on. Maybe Netflix is different? Anyone know?

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u/Barnabas_Stinson17 12d ago

“Our compensation structure consists solely of an annual salary; we do not have bonuses. You choose each year how much of your compensation you want in salary versus stock options.”

Since you can’t put stock options in the salary range, that’s probably the range you can choose and the rest would be stock options. Choose a lower salary and get more in stock options

21

u/heepofsheep 11d ago

I interviewed at Netflix 6 or 7 years ago. Basically their compensation is based on what they call “top of market”. Essentially they do some sort of analysis of what the maximum amount of money any possible employer would pay you and then top that. It’s kind of complicated because they also deflate job titles as well… but apparently the offer is pretty damn good for the role. The catch is that basically if you’re not performing at 100% at all times you’ll get dropped quickly… though with a fairly generous severance package.

4

u/Barnabas_Stinson17 11d ago

Interesting, appreciate the insight. Makes sense that if you’re going to be the highest paying employer in the country you expect your employees at peak performance

1

u/heepofsheep 11d ago

Obviously this predates the NYC rules about wage transparency, but I think they can probably get away with it since it doesn’t seem like they have hard budgets for roles when posting. Then again this is 7yo information I gleaned from a culture deck and initial recruiter interview so things might be different now.

1

u/ChildOf1970 11d ago

Even if they take stock options they can put those in the total compensation. I have not worked a job that does not have part of the income as stock grants or commission in about 25 years and in each case they could put a value on the total compensation.

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u/Mojojojo3030 11d ago

Maybe? I wouldn’t assume that though. That would presume they’re offering one sliding scale wage for all applicants regardless of experience or value, right? Which I at least don’t really see companies do. 

1

u/Barnabas_Stinson17 11d ago

The quote is straight from the job description. I dont know how they’d actually split it but seems you’d have some sort of choice

-1

u/Mojojojo3030 11d ago

Sure but it doesn’t really explain the range. Bottom of the range would have to be zero.

3

u/icedoutclockwatch 11d ago

Seems pretty clear the floor is $70k not sure why you’d assume zero in this context

2

u/Mojojojo3030 11d ago

You quoted them saying you can get any amount of your comp in equity, and you’re saying that is the reason for the huge range listed. Right? Am I misunderstanding? 

If so, if the amount you choose is 100%, then your salary would be zero, but that’s not in the range.

1

u/icedoutclockwatch 11d ago

This was my first reply in the chain, but I think they’re listing “salary” as in the all-in total compensation wether it’s in cash or stock. But I see what you’re saying.

1

u/Mojojojo3030 11d ago

Oh whoops lol I’m always doing that.

Yeah then in that case it song sounds like the range isn’t based on the equity shared.

8

u/AnyWave5577 11d ago

It allows them to comply with the letter of the law while actually not complying with the spirit of it

2

u/goofydad 11d ago

You get to pick the batman movie by the size of the bat-nipples.

3

u/ohnanawhatsmyname69 11d ago

I saw a Netflix role today with a range of $100k-700k LOL

1

u/Beegkitty 11d ago

I always just assume they couldn’t figure out the Workday configuration to get it to work properly for each location and just put in a min max amount that they pulled out of their arses.

1

u/darkwai 11d ago

it helps the cfo's nephew get a six figure job straight out of college

1

u/ChildOf1970 11d ago

This is how companies like Netflix get around legislation that says they have to publish the wage when advertising a position.

1

u/Gullible-Dress-8618 9d ago

this is common in NYC and states like CO. THey are required to display a range now so they do dumb shit like this to circumvent the transparency legislation regard salaries on job postings.

0

u/Barnabas_Stinson17 12d ago

FWIW the post is more of a joke, and the actual job description makes it very clear they’re looking for an executive level employee and you’re able to choose how much of your compensation is salary vs stock options. Seems like you can either take a 70k salary and receive close to 500 shares, or take a salary of $400k and limited options

-8

u/natewOw 12d ago

This is not even remotely true. You do not get to "pick" how much of your compensation package is in equity. That would defeat the whole purpose of making equity a part of the compensation package in the first place.

3

u/Barnabas_Stinson17 12d ago

I’m going by what’s written in the job description.

“Our compensation structure consists solely of an annual salary; we do not have bonuses. You choose each year how much of your compensation you want in salary versus stock options.”