When It’s Illegal to Ask, ‘How Much Do You Make?’

The question saves time if an applicant’s salary needs are out of line with what the employer can offer.

Banning discussion of salary history is wrongheaded, counterproductive and wasteful. The exchange of such information promotes transparency in the hiring process and helps manage candidates’ expectations. Most important, it saves recruiting time. If both an employer and prospective employee keep salary details hidden until the end of the interview process, an applicant’s salary requirements may turn out to be out of line with what the employer is prepared to offer—so the entire process was a waste of time.

.. When it comes to matching employees with employers, more information is always better. The more employers know about potential employees, and the more job seekers know about potential employers, the more likely there will be a successful match. Previous pay indicates employees’ value to their past employers. Often, pay is more telling than education or experience. For the same reason that potential employees should be able to ask the pay of positions they apply for, employers should also be able to ask potential hires about their previous pay.

Talent Battle: Hedge Funds vs. Silicon Valley

To compete, some hedge funds are having to do the previously unthinkable and publish parts of their complex and valuable code. Man Group, for instance, has made its database for collecting vast quantities of trading data publicly available. The reason: computer scientists often prefer the more collaborative culture of academia or tech firms to the secrecy of hedge funds.

GOP Health Bill Jeopardizes Out-of-Pocket Caps in Employer Plans

Last-minute amendment would allow states to obtain waivers from certain Affordable Care Act requirements

 The provision, part of a last-minute amendment, lets states obtain waivers from certain Affordable Care Act insurance regulations. Insurers in states that obtain the waivers could be freed from a regulation mandating that they cover 10 particular types of health services, among them maternity care, prescription drugs, mental health treatment and hospitalization.

 .. Under the House bill, large employers could choose the benefit requirements from any state—including those that are allowed to lower their benchmarks under a waiver, health analysts said. By choosing a waiver state, employers looking to lower their costs could impose lifetime limits and eliminate the out-of-pocket cost cap from their plans under the GOP legislation.A company wouldn’t have to do business in a state to choose that state’s benefits level, analysts said. The company could just choose a state to match no matter where it is based.