The right valuation is determined by people rejecting job offers (or leaving current jobs) and accepting job offers. Repeated cleared transactions is what allows a market to determine the price.
I don't even feel like applying to most jobs. If it's not paying more than I make now, why should I waste my time? Such a pain to filter out jobs without it listed.
https://www.huschblackwell.com/newsandinsights/updated-faqs-...
>Under EPT Rule 4.3 (A), the promotion posting requirements do not apply to employees who are entirely outside of Colorado. However, if a Colorado employer has a promotion opportunity available anywhere in the company, even outside of Colorado, its Colorado employees must be notified. Under EPT Rule 4.3(B), job postings and promotional opportunities do not need to include compensation information if the job will be performed entirely outside of Colorado or if the job is posted entirely outside Colorado (i.e., not on the internet).
>INFO #9 instructs that the out-of-state exception applies “narrowly,” only where the job is tied to non-Colorado worksites (e.g., waitstaff at restaurants outside Colorado). Therefore, postings for remote positions that can be performed anywhere are subject to the EPEWA’s requirements, even if the posting states that Colorado applicants won’t be accepted. However, a non-Colorado job that may include “modest” travel to Colorado is still considered an out-of-state job not subject to the transparency requirements.
Consider yourself as an employer and assume your employees have perceived switching cost C > 0.
Your employee will approach you with bids b_1, ..., b_n all of which are substantially larger than C. So to keep your employee you will need to pay C plus some premium. In fact, not just any premium, but probably something close to max(b_1, ..., b_n).
If you can make good guesses at C and b_1..b_n, then you can retain employees by ensuring you're always giving raises between C and max(b_1, ..., b_n).
And all of that assumes that employees are fungible at any particular price point. They're not; employers also have switching costs. Among two otherwise equivalent employees you'd much prefer the one you already have.