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re: Hiring company want previous W-2’s

Posted on 7/26/18 at 3:29 pm to
Posted by meansonny
ATL
Member since Sep 2012
27029 posts
Posted on 7/26/18 at 3:29 pm to
quote:

If he's running a side gig (like a lot of IT guys) I am not sure it would be wise to disclose that at the interview stage.

Not sure if thats whats going on here, but it would be a concern.


Side gig wouldn't be on the w2.

Attention away from the primary sales job might affect the w2. But the side gig wouldn't be known or relevant here unless it is another sales position that could be a conflict of interest (this is more prevalent in finance. I don't know the it field).
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/26/18 at 3:36 pm to
quote:

The last thing I want to do as an employer is to "sell a new hire" on how great the job is when their first year or two may not meet that reality. Better to know on the front end than after going through the hiring and training process


Still no reason to need previous w2's, that's a forward looking question.
Posted by meansonny
ATL
Member since Sep 2012
27029 posts
Posted on 7/26/18 at 3:41 pm to
quote:

quote:
The last thing I want to do as an employer is to "sell a new hire" on how great the job is when their first year or two may not meet that reality. Better to know on the front end than after going through the hiring and training process


Still no reason to need previous w2's, that's a forward looking question.


My response is relative to asking employees of a prospective company anything about the company including what they made their first year and how they have done since.

You aren't in sales, are you?
Your concerns are all about employees who are salaried or may receive bonuses and protecting some mirage of privacy.

The reality is that privacy is how an employer could potentially abuse employees and their compensation. Talking openly ensures that every salaried individual is on a level playing field.

When it comes to sales, if you want to make more then sell more. If someone is doing better than you, find what works for them and see about implementing those strategies and verbatims into your own routine and pitch. It is a complete 180 from anything that a salaried individual understands.
Posted by UnluckyTiger
Member since Sep 2003
43677 posts
Posted on 7/26/18 at 3:58 pm to
Don’t really see the issue here if you already have a tentative offer letter with the commission structure in place as previously discussed. They just want to verify your employment history most likely. It shouldn’t jeopardize anything for you to be honest.
Posted by IT_Dawg
Georgia
Member since Oct 2012
26809 posts
Posted on 7/26/18 at 4:12 pm to
quote:

They just want to verify your employment history most likely. It shouldn’t jeopardize anything for you to be honest.


They verify my employment with the call to HR.....

It jeopardizes my negotiation power, my current employers payment plan, how it is measured, and integrity.

Posted by IT_Dawg
Georgia
Member since Oct 2012
26809 posts
Posted on 7/26/18 at 4:13 pm to
quote:

Don’t really see the issue here if you already have a tentative offer letter with the commission structure in place as previously discussed.


As I stated, I do not have this yet.....
Posted by BayouCatFan
Member since Jul 2008
4580 posts
Posted on 7/26/18 at 4:41 pm to
OP is obviously concerned he will be caught embellishing his sales history. No big deal. Just go to Office Max and buy blank W-2's and fill in the numbers you want. Problem solved.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
68242 posts
Posted on 7/26/18 at 4:45 pm to
quote:

They verify my employment with the call to HR.....

It jeopardizes my negotiation power, my current employers payment plan, how it is measured, and integrity.


this
Posted by athenslife101
Member since Feb 2013
20645 posts
Posted on 7/26/18 at 5:17 pm to
Oh, they absolutely figure out how much money you make through your SS. They claim they ask for tax benefits but I've been told as much. And I know that GS, NT, and Citi don't generally ask.

JP Morgan's little tax form makes you fill out a form that asks all sorts of stuff you shouldn't have to be asked. "Have you ever been disabled recently"

Also, Home Depot asks and I've had some random recruiters ask. Usually I tell the recruiters no, and they tell me they just need a pin I won't forget

Posted by slackster
Houston
Member since Mar 2009
91873 posts
Posted on 7/26/18 at 5:30 pm to
quote:

know it’s illegal in the financial industry to even ask



Umm, no. A buddy works for a brokerage firm who wanted it to establish his base pay when they recruited him.
Posted by slackster
Houston
Member since Mar 2009
91873 posts
Posted on 7/26/18 at 5:35 pm to
quote:


It jeopardizes my negotiation power, my current employers payment plan, how it is measured, and integrity.


It does none of this unless you fudged your income history.

ETA - you can tell them to pound sand and that's fine, but your reasoning is poor IMO.
This post was edited on 7/26/18 at 5:42 pm
Posted by Tear It Up
The Deadening
Member since May 2005
13923 posts
Posted on 7/26/18 at 5:36 pm to
I think the reasons some companies do that is to see if you lied about your previous pay. I went through that about a year ago. I didn't throw out a particular number when asked about current pay (it varies due to commission), but I said "in most years I end up between abc and xyz."

After I signed my letter of acceptance (and settled on pay) I had to go through a stringent background check and they asked about previous jobs and pay. I put down my base salary with a note stating my average commission (which in some cases was three times my base salary).

The main thing is don't lie on job applications or during the interview process. It would suck to resign from your job only to be fired from your new job for being dishonest.
Posted by IT_Dawg
Georgia
Member since Oct 2012
26809 posts
Posted on 7/26/18 at 6:02 pm to
quote:

It does none of this unless you fudged your income history.


I never gave them an income history. Again, this job is a 60/40 split and I have been 100% commission for basically as long as I have worked for this company for 13+ years.
Posted by slackster
Houston
Member since Mar 2009
91873 posts
Posted on 7/26/18 at 6:05 pm to
quote:


I never gave them an income history. Again, this job is a 60/40 split and I have been 100% commission for basically as long as I have worked for this company for 13+ years.


So what's the problem with providing them? I understand you can tell the to frick off, but if you want the job, why not comply? They probably want to verify their offer is fair more than they want to frick you over.
Posted by Hamma1122
Member since Sep 2016
22559 posts
Posted on 7/26/18 at 6:14 pm to
I would never do this
Posted by lsu xman
Member since Oct 2006
17015 posts
Posted on 7/26/18 at 6:17 pm to
Sounds like a high paying gig. While 7yrs of W2's is a bit much, I don't see an issue with 3yrs.

Plenty of applicants lie, so they have to protect themselves too.

I've had jobs that request a copy of my H.S degree, when my job position requires a college degree.
Posted by Cracker
in a box
Member since Nov 2009
19318 posts
Posted on 7/26/18 at 6:39 pm to
Create your own it’s not hard
Posted by OweO
Plaquemine, La
Member since Sep 2009
122527 posts
Posted on 7/26/18 at 7:05 pm to
Have you talked to anyone who works there or that's familiar with the hiring process there? Before you just up and decide to pass it up, at least ask some questions first. You don't want to find out later that it wasn't as big of a deal as you thought.

I never heard of a company asking for a potential employee's W-2s.. Not to mention, going back 7 years.. But like I said, ask questions.
Posted by patchesohoulihan_007
Member since Jul 2015
2799 posts
Posted on 7/26/18 at 7:43 pm to
I have no experience or insight with this topic. I am 100% guessing here, is there any chance it has to do with gauging the power your current company has in the market?

Could they can peg whatever caliber salesmen you are with the company’s market share?
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