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We also offer our benefits plan with rates to candidates who ask for it if they’re going to probably get an offer from us. No sense in hiding it in my opinion
Whatever happened to pay transparency
THat is kind of what I was thinking . I hate how companies try to keep this information private and a secret. I wish more states would pass laws requiring this to be open and honest.
As a candidate, I’d want the insurance rates and high level info about deductible and cost-sharing before I’d give a somewhat firm salary expectation. Same with 401k. My current employer pays the entire premium and funds my HSA, so if I’d have to pay $200/mo and have a high deductible to pay then I’d want to factor that into my salary requirement just to stay equal with my current. I think asking about these things early in the process is health and responsible.
Why do you hold this info close to the vest? Does it give you some sort of advantage over your competitors? Sure, you don’t put it in your public website, but seems like something that you (HR) should be ready to share with a candidate interviewing for a job if they ask for it. To me, a company reluctant to share this info would be a red flag.
At my company they usually provide it to candidates they are extending an offer to. Or executive candidates
Same as BA1 - we don't provide it to every single candidate but higher level, or those who ask for it as part of their decision making process once an offer is extended.
Anytime I interview, I ask who the carriers are (I have Kaiser and have built an extensive team). When I get an offer I ask for the benefit plans/cost sharing/employer contribution since I pay for me and spouse I have to factor it in with the salary. Lower salary but 100% paid benefits for me and hubs? Sure. High salary but offer higher cost Kaiser? Ok.