NYC's salary transparency law went into effect today. Hope we see actual enforcement, otherwise bad actors like Citi will do things like this:

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funnylikehelpful
Posting as :
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I’ll start my negotiations at $2.2mil and come down from there

likefunnysmart

Here is the pay ranges :)

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likeuplifting

Any chance you’ve got one of these for C14? Also is there a bonus range?

A lot of companies have to put ranges and it makes sense why given multiple factors have to be taken into account but usually it varies by 50-100k, not millions lol.

likefunny

Citi sux ass. that is all

like

They should have hired Sean Connery to do TV commercials

So they pay below the minimum wage? Brb, filing a lawsuit

likeuplifting

Damn so they not gonna even try to meet my desires comp of 2.5 million huh 😔

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A nice big fu to regulators. A classic nyc/banking move. Love it.

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🤣🤣

likefunny

What's the req number??

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“Citi is an equal opportunity and affirmative action employer” 😂

funny

That’s awesome

😆 😆 😆

Why would banks not include potential bonuses into their salary ranges? How are they going to attract talent? Would I apply for a job that has a ceiling of $2M or $250k?

I assume because Bonuses are not guaranteed, they are driven by the company performance and market (recession)

like

Lol of course it’s citi.

Jpm has been posting relatively narrow ranges.

This transparency bill might be well intentioned, but, please. It will be very difficult to enforce - if not impossible - and easily made up for in bonuses. Kind of a joke, really.

It’s been law in Colorado, literally everyone considering a role should or already references the Co ranges to negotiate comp for national roles along with levels.fyi and even Glassdoor.

I agree that enforcement would be tricky but this certainly isn’t a good look and could hurt recruiting efforts for citi — esp w/top talent. Who can get excited about an employer who does something like this? It’s laughable and feels akin to disrespect toward potential candidates and local laws (not cute).

likesmart

They meet my expectations at the very high end. Hope they don’t evaluate on “experience “

I hope every person recruited indicates a preference and professional alignment with top of that available range. That’s hysterical. 😂

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