The Pros and Cons of Sharing Your Payslip After a Job Interview
- October 12, 2022
- Posted by: Chukwuyem Mokwunye
- Categories: For Employees, For Employers, General, HR
Why do you need my payslip, John snapped at the HR manager after going through the first stage of the interview. Well, that’s company policy for us to ask, replied the manager.
While the practice of requesting previous or current employees’ payslips is not a common practice by most employers. But some employers would stop the interview process if the candidate didn’t have the payslip they asked for.
In this write-up, we will be discussing some of the pros and cons involved in sharing your previous or current pay with your next potential employers.
Before we proceed, have you ever been in a position where you had to present your payslip? We would love to read your comments.
Can employees request your payslips in the hiring process?
When you apply for a new job, a requirement of the recruiting process is often to produce a recent or old payslip as proof of your employment and income.
Since there is no labor law preventing employers from asking the employee about the previous payslip, it is not considered an illegal practice of infringing on an applicant’s right.
However, some cities and towns in the United States and the United Kingdom have banned employers from asking job candidates to provide previous employers’ payslips.
Pros of Sharing Your Payslip
- To act as a guide in the applicant’s basic salary to be able to act as a benchmark when offering compensation. Some employers with all honesty do not intend to cause any harm to job applicants. They may be underpaying and would want to see how employers who hire your role compensate their workers.
- When it comes to discussing compensation, some applicants become shy to air out their views. With the payslip available, the employers have a sense of what you previously earned. If you are involved in recruitment for an organization, you must agree that most job applicants actually struggle when it comes to negotiating their compensation for roles. Here, having a previous employer’s payslip will help ease the struggles that come with negotiating.
- it gives the employers the edge in the negotiations because, knowledge of the payslip, becomes an anchor. In negotiation tactics when you have an anchor then you now have a reference to the possible final amount.
- It could curb the equal pay gender experience where females are paid lower in some organizations than males. Yes. it is appalling to hear but some organizations still find it unnecessary to pay a female worker with the same qualification and in some cases better job experience than their male counterparts.
- It helps stream down the number of applicants. it is rare to see a role go out to the public where an amount for compensation has not been fixed. Asking for payslips from applicants may just act as the right way to narrow the process and make quicker hiring decisions.
Cons of sharing your payslip
- Sometimes previous employers are not generous to pay you what an applicant’s skill is worth. At Proten, we frown at such practice. while we recruit top talents for our clients, we research current job applicants’ compensation in the marketplace and use that information to commence the interview process.
- It may be a sign that the employer does not look at the value of the applicant but more at it as a cost that has to be managed, pinned down, or fixed. While it is the duty of an organization to control costs to the barest minimum, it should not be at the expense of the job applicant. They are roles in that the range of compensation is known, it is unprofessional to try to act otherwise.
- Most top talents who know their value and are super confident may refuse this practice leaving the employer to hire possible unqualified or novices into their organization. At this point, we advise job applicants to weigh the possible outcome because refusing to provide their payslips may result in the employer discontinuing their application. It is best you ask politely what the consequences for not providing your payslip would probably be.
- Asking for the applicant’s payslip may result in short paying a deserved and qualified applicant. The compensation for the role handled by the previous employee may be above what the current applicants earn. During the recruitment process for our outsourced clients at Proten, if a candidate shares a previous employer’s payslip and we discover it is below the current hiring organization’s budget, we don’t reduce the compensation.
Sharing your previous payslip to a hiring organization is an act that most job applicants are not comfortable with. Organizations asking job applicants to share their payslips will always hang around until it is passed under the labor law to abolish such practices.
While most organizations will eventually lose out on top talents, we still can’t say the cons outrightly outweighs the pro. Sharing payslips will always cause a raised eyebrow while conducting job interviews.
Proten International advises job applicants as well as hiring managers to think of values that both stands to gain from working together before making a decision.
What is your opinion on sharing your previous employer’s payslip with your next potential employer?
Share your thoughts in the comment section.