The Salary Sharing Taboo
Most of us are uncomfortable with the idea of broadcasting our salary. We're not supposed to discuss that with our office neighbors. The assumed reason is that if everybody knew what everybody got paid, then all hell would break loose.
There'd be arguments, there'd be fights, there might even be a few people who quit. But what if secrecy is actually the reason for all that strife? And what would happen if we removed that secrecy? It turns out that pay transparency -- sharing salaries openly across a company -- makes for a better workplace for both the employee and for the organization.
21
321 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about humanresources with this collection
How to ask open-ended questions
How to avoid awkward silences
How to show interest in others
Related collections
Similar ideas to The Salary Sharing Taboo
Keeping The Salaries Secret
When people don't know how their pay compares to their peers, they're more likely to feel underpaid and maybe even discriminated against.
For companies, pay secrecy is actually a way to save a lot of money. Keeping salaries secret leads to what economists call "information asymmetr...
Openness Ensures Fairness
Letting people know what you make might feel uncomfortable, but isn't it less uncomfortable than always wondering if you're being discriminated against? Openness remains the best way to ensure fairness, and pay transparency does that.
That's why entrepreneurial leaders an...
The Sunk Cost Fallacy In Business
When running a company, many entrepreneurs fail to quit, change direction or pivot their business model, unable to admit that what they were doing isn’t working, or that they were plain wrong in their decisions.
The Sunk Cost Fallacy is the primary reason for this gross error in ju...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates