Does this require some sort of enforcement mechanism to ensure that neither party puts in a bad-faith bid as a discovery mechanism for what number to seek in their real negotiations? In fact, does anyone have actual data on what negotiations are even available in most employment situations—many companies seem to have figured out how to reduce this quite a bit over the last decade or two.
Does this require some sort of enforcement mechanism to ensure that neither party puts in a bad-faith bid as a discovery mechanism for what number to seek in their real negotiations?
Maybe there’s a misunderstanding here—the mechanism I was writing about would be the “real negotiations” (whatever result falls out of the mechanism now is what’s going to happen). As in, there can be a lot of talking about salaries before the this two-sided sealed auction is performed, but the salary is decided through the auction.
Does this require some sort of enforcement mechanism to ensure that neither party puts in a bad-faith bid as a discovery mechanism for what number to seek in their real negotiations? In fact, does anyone have actual data on what negotiations are even available in most employment situations—many companies seem to have figured out how to reduce this quite a bit over the last decade or two.
Maybe there’s a misunderstanding here—the mechanism I was writing about would be the “real negotiations” (whatever result falls out of the mechanism now is what’s going to happen). As in, there can be a lot of talking about salaries before the this two-sided sealed auction is performed, but the salary is decided through the auction.
I know of some software engineers who have published their salary history online.