You are here: Home » International » News » Others
Business Standard

Salary history: Wall Street can't ask, and you need not tell

The idea behind the new law, is to prevent pay inequality between men and women

William D Cohan | NYT 

Job-hopping is one of those time-honoured traditions on the Wall Street and often provides a way for a banker, trader or executive to get a better title and higher pay. Inevitably, there is a discussion about how much you were getting paid before and how much you expect to get paid. Such questions are sensitive, of course, and given human nature there is always a bit of the art of the deal when it comes to answering them. Do you bluff, and hope that the new employer doesn’t know, or can’t figure out, what your old firm was paying you in hopes of getting a bigger raise? Or do you ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 15 2017. 02:39 IST