a16z Podcast Salary Transparency: Clarity or Chaos?
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Sep 5, 2023 
Shannon Schiltz, an operating partner at A16Z specializing in compensation structures, and Brandon Cherry, a partner focused on compensation philosophy, dive into the evolving world of salary transparency. They discuss the implications of recent legislation and how companies can adapt to thrive. The conversation covers the cultural shift toward pay transparency, the challenges of establishing fair salary ranges, and the importance of creating flexible compensation structures. They also address how job seekers should approach conversations about salary with potential employers.
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Pay Transparency's Rise
- Pay transparency gained prominence when Netflix adopted it, enabling open discussions about salaries.
- This shift made pay a more comfortable conversation, increasing its importance.
New Pay Transparency Laws
- Companies must adapt to new pay transparency laws, some requiring salary ranges in job postings.
- This forces companies to think more critically about compensation structure.
Prioritize Consistency
- Implement a compensation structure early for consistency, not necessarily fairness.
- Focus on the role's scope and impact when determining compensation.