Talking About Salary With Coworkers - Deepstash

Talking About Salary With Coworkers

Many companies have strict policies against discussing salaries with coworkers. The older generation is brainwashed to see conversations about salary as a ‘cloak and dagger activity’. 

Millennials have broken this flawed and unwritten rule, making discussion of salaries a common conversation, resulting in increased salary transparency and better negotiation power.

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MORE IDEAS FROM How to Talk About Salary With Your Coworkers

Understand that salary transparency is a good thing and gives the power back to the employees. The ‘salary silence’ rule that many companies implement is to ensure that they maintain control, and employees stay aloof in terms of who makes what, making it difficult for them to negotiate or make career decisions.

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Even if your company allows for salary discussion, it might be awkward to some coworkers coming from different backgrounds.

One has to reject the taboo and create an atmosphere where talking about money is a common and normal thing. This requires building a strong level of trust.

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RELATED IDEA

Givers and takers

Employees can decide whether to act like givers or takers.

  • When they act like givers, they contribute without looking for anything in turn, such as offering assistance, sharing knowledge, or making valuable introductions.
  • When they act as takers, they try to get other people to serve their ends while hoarding their expertise and time.

Studies found a strong link between employee giving and desirable business outcomes, such as higher profitability, productivity, efficiency, and customer satisfaction.

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Talking Money as a Family

Talking about money within the family is still taboo in many places, yet the discussion doesn’t have to be dead serious.

Taking the time to talk to the family about the financial situation and how to manage them where everyone gets to have a say is setting up everyone to contribute to the family’s financial goals and better money handling as they grow.

If you’re unsure how to discuss finances with your family, you can read the Money as You Grow guide from the Consumer Financial Protection Bureau as a resource.

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On Your Own Time

Asynchronous communication is when the exchanges of information among colleagues, clients or businesses do not happen in real-time, but whenever the other person is able to communicate. Our workdays are already filled with async communication (like email) but the pandemic has forced a lot more people to leave their shared workspaces and sit at their homes.

Zoom and even instant messaging is synchronous communication, and async communication is actually slow and less collaborative among team members, something which leads to confusion and even isolation.

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