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Old 23.03.2017, 15:42
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Pay Disclosure outside CH

Hi,

Does anyone know what the rules are regarding a potential employer demanding sight of pay slips from your old employer?

I'm not happy to reveal the payslips as they will try and renegotiate any future offer based on what I've earned in the past. I am thinking of dropping them as I don't like the forceful demands and it does not bode well. Before I do that, aside from the confidentiality issues with my last employer, I'd be keen to know if the Swiss Banking Secrecy Act also means that I cannot share my financials as the company in question is not in Switzerland.

Is anyone up to speed on this? Thanks
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Old 23.03.2017, 15:54
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Re: Pay Disclosure outside CH

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I'd be keen to know if the Swiss Banking Secrecy Act also means that I cannot share my financials as the company in question is not in Switzerland.
No, you can share anything you want.

It has nothing to do with banking secrecy.

Tom
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Old 23.03.2017, 15:55
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Re: Pay Disclosure outside CH

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Hi,

Does anyone know what the rules are regarding a potential employer demanding sight of pay slips from your old employer?

I'm not happy to reveal the payslips as they will try and renegotiate any future offer based on what I've earned in the past. I am thinking of dropping them as I don't like the forceful demands and it does not bode well. Before I do that, aside from the confidentiality issues with my last employer, I'd be keen to know if the Swiss Banking Secrecy Act also means that I cannot share my financials as the company in question is not in Switzerland.

Is anyone up to speed on this? Thanks
Banking Secrecy has nothing whatsover to do with you sharing your own information.

The question is purely down to whether you want to (your advantage vs their advantage), whether you have to, and the impression they give from asking which from my viewpoint is pretty poor.
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Old 23.03.2017, 15:56
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Re: Pay Disclosure outside CH

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I'd be keen to know if the Swiss Banking Secrecy Act also means that I cannot share my financials as the company in question is not in Switzerland.
Why would the banking secrecy act prevent you from giving information about yourself to anyone?

Bottom line: It's the cheapest trick in the book and 99% of all recruiters around the globe try to pull it off. Your choice if you want to do it or not... risking the potential offer, obviously. I know specialists who managed to get through with "you should decide to give me an offer based on the role and your salary bands, not my current salary", but those are few and they knew they were in good negotiation positions (owning skills the employer needed desperately and urgently...)
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Old 23.03.2017, 15:58
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Re: Pay Disclosure outside CH

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Bottom line: It's the cheapest trick in the book and 99% of all recruiters around the globe try to pull it off.
Actually asking to see payslips?!

Asking about current salary is standard form, but not proof of payslips.
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Old 23.03.2017, 16:11
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Re: Pay Disclosure outside CH

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Actually asking to see payslips?!

Asking about current salary is standard form, but not proof of payslips.
Perhaps they don't believe the salary figure mentioned. Clearly if the person is dishonest its better to know before offering them a job.
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Old 23.03.2017, 16:15
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Re: Pay Disclosure outside CH

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Perhaps they don't believe the salary figure mentioned. Clearly if the person is dishonest its better to know before offering them a job.
A lot of people outside of CH won't believe Swiss salaries till they see them.
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Old 23.03.2017, 16:17
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Re: Pay Disclosure outside CH

It's standard practice for me to sign NDA's stating that I will not reveal salary details etc. I feel it's important to respect contractual commitments as its a questions of integrity and honesty. To request that someone to reveal something that is normally NDA protected is the concern here.

Revealing prior salaries removes the ability to negotiate. It puts the cards in their hands and takes them away from myself. They can pay salary plus x% and not what the role is worth.

The question over regulations and the legal perspective using the SBS Act is an example as the question is valid as the information is to be passed overseas. If the answer is no, then that suffices. I'm trying to ensure that I have facts at hand so that I can have a constructive, informed discussion.
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Old 23.03.2017, 16:20
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Re: Pay Disclosure outside CH

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It's standard practice for me to sign NDA's stating that I will not reveal salary details etc. I feel it's important to respect contractual commitments as its a questions of integrity and honesty. To request that someone to reveal something that is normally NDA protected is the concern here.

Revealing prior salaries removes the ability to negotiate. It puts the cards in their hands and takes them away from myself. They can pay salary plus x% and not what the role is worth.

The question over regulations and the legal perspective using the SBS Act is an example as the question is valid as the information is to be passed overseas. If the answer is no, then that suffices. I'm trying to ensure that I have facts at hand so that I can have a constructive, informed discussion.
It's down to negotiation, if you don't want the job tell them to get stuffed. If your happy with an offer of 5k a month then just say nothing.
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Old 23.03.2017, 16:21
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Re: Pay Disclosure outside CH

Lol, if a potential employer asked me to share my payslips from my previous employers I'd tell them to go shove it and would have zero interest to work there.

Why? It is absolutely none of their business.

They can ask for the current salary, that is normal practice, I can choose to disclose it, but if they don't believe me, that is not my problem.

Obviously, this has zero to do with Banking Secrecy.
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Old 23.03.2017, 16:24
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Re: Pay Disclosure outside CH

It's a strange request, not had it in 30 years. The only reason I can think of is to allow them to negotiate on their own behalf. I agree that it's very strange.
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Old 23.03.2017, 16:26
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Re: Pay Disclosure outside CH

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It's a strange request, not had it in 30 years. The only reason I can think of is to allow them to negotiate on their own behalf. I agree that it's very strange.
I should have been more specific than quoting the SBS Act as I was referring to the broader perspective. I'll close than can of worms.
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Old 23.03.2017, 16:26
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Re: Pay Disclosure outside CH

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Lol, if a potential employer asked me to share my payslips from my previous employers I'd tell them to go shove it and would have zero interest to work there.

Why? It is absolutely none of their business.

They can ask for the current salary, that is normal practice, I can choose to disclose it, but if they don't believe me, that is not my problem.

Obviously, this has zero to do with Banking Secrecy.
If the offer was based on what you earn already plus 25%, then it's a legitimate question. It depends how much they want someone, if they really want someone or a team, I have known offering existing salary plus 100%.
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Old 23.03.2017, 16:26
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Re: Pay Disclosure outside CH

If really pressed, I'd be more apt to show excerpts of my contract than to show my actual payslip. I can't recall ever being asked to show what I've earned. More often is the case that I'm asked what I'd like to earn and that becomes a determining factor in whether they offer me the position or not.

Don't some people change jobs because they want to earn more than what they're currently making? Proving what you earned in a previous position sounds like a nice way for the potential employer to cap their offer.
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Old 23.03.2017, 16:28
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Re: Pay Disclosure outside CH

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If the offer was based on what you earn plus 25%, then it's a legitimate question.
Fair point.
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Old 23.03.2017, 17:16
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Re: Pay Disclosure outside CH

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If the offer was based on what you earn already plus 25%, then it's a legitimate question. It depends how much they want someone, if they really want someone or a team, I have known offering existing salary plus 100%.
If they offered me existing salary plus 100% they can have the payslips and copies of pretty much anything else they need, personally delivered.

Simply depends on the value to me.

If they're just saying they don't trust me when it's a normal comparable salary for the role, they can find someone else.
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Old 23.03.2017, 17:22
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Re: Pay Disclosure outside CH

It's an interesting dilemma as I've found through phoning a few friends in recruitment and a bit more online research, it seems that this practice is still uncommon but increasing.

Some HR teams are apparently trying to keep the costs down with pay plus 10% goals coupled with some agencies trying to secure a role with the lowest cost candidate offerings.

It's a sign that the companies don't value staff by what the role is worth but by how little they can fill the role for. That will only lead to people leaving.

For this role, as much as I can see that there is potential, there are uncomfortable signals being sent out and there are other jobs. Thanks, but no thanks if they insist.
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Old 23.03.2017, 17:27
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Re: Pay Disclosure outside CH

Ask them if they are prepared to show you the payslips from the previous employee first.

If they refuse, ask why. Then quote the reason back to them as why you can't either.

Regards


Ian
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Old 23.03.2017, 18:46
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Re: Pay Disclosure outside CH

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Ask them if they are prepared to show you the payslips from the previous employee first.

If they refuse, ask why. Then quote the reason back to them as why you can't either.

Regards


Ian

Yep. Do this if you definitely don't want the job.
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Old 23.03.2017, 19:02
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Re: Pay Disclosure outside CH

I'm pretty relaxed about this kind of request. I think the need depends on context and the industry and kind of role.

Negotiations are not always about annual salary, they can include other cash allowances, company car, special pension plans, bonus %, sign on payments, buying out forfeitures, share plans and what happens to unvested stock etc, demands for relocation assistance etc.

These are complex and amounts can be high and it's reasonable to ask for evidence to support a request.

For annual salary, I was once asked for evidence of what I was paid. I took it as a positive indicator an offer was on it's way.

I used it as an opportunity to remind the recruiter of my expectations, giving highlights of all elements of my package. I was clear that when I received a written offer I was comfortable with, I would happily share evidence of what I earned.

Too many candidates these days BS their skills, experience and make unrealistic demands. Being upfront does not give away any leverage and is nothing to worry about.
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