not the same people who are knowledgeable and who are not knowledgeable.
Nature
Hello Stackers, now we talking about money.. haha Because we as humans have something called “value”, yeahh .. our value is a “Time”. We are given time by God Almighty to be used properly. Therefore, has your time been properly used and paid for? or are you still skeptical, like the majority of people?
Why you should know how much your coworkers get paid?
How much do you get paid? How does it compare to the people you work with? You should know, and so should they, says management researcher David Burkus. In this talk, Burkus questions our cultural assumptions around keeping salaries secret and makes a compelling case for why sharing them could benefit employees, organizations and society.
Culture
Most of us are uncomfortable with the idea of broadcasting our salary. We’re not supposed to tell our neighbors, and we’re definitely not supposed to tell 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? What if openness actually increased the sense of fairness and collaboration inside a company? What would happen if we had total pay transparency?
Are you underpaid? Well, wait — how do you even know, because you’re not allowed to talk about it? Next, information asymmetry, pay secrecy, makes it easier to ignore the discrimination that’s already present in the market today.
Concept
That’s why entrepreneurial leaders and corporate leaders have been experimenting with sharing salaries for years. Like Dane Atkinson. Dane is a serial entrepreneur who started many companies in a pay secrecy condition and even used that condition to pay two equally qualified people dramatically different salaries, depending on how well they could negotiate. And Dane saw the strife that happened as a result of this. So when he started his newest company, SumAll, he committed to salary transparency from the beginning. And the results have been amazing. And in study after study, when people know how they’re being paid and how that pay compares to their peers’, they’re more likely to work hard to improve their performance, more likely to be engaged, and they’re less likely to quit.
That’s why Dane’s not alone. From technology start-ups like Buffer, to the tens of thousands of employees at Whole Foods, where not only is your salary available for everyone to see, but the performance data for the store and for your department is available on the company intranet for all to see.
Buffer : Transparent Salaries | Buffer
Okay, something else you can read this.. that’s All folks, see you later..
