Keeping The Salaries Secret - Deepstash

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 asymmetry." This is a situation where, in a negotiation, one party has loads more information than the other. And in hiring or promotion or annual raise discussions, an employer can use that secrecy to save a lot of money. Imagine how much better you could negotiate for a raise if you knew everybody's salary.

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berpo

Charity officer

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