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Why you should know how much your coworkers get paid by David Burkus VOCABULARY: 1. Put the following words into appropriate category: pay tiers payroll overpaid pay scales gender wage gap negotiate.

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It turns out that in addition to the assumed reasons, pay secrecy is actually a way to save a lot of money. ... 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.

Keeping salaries secret leads to what economists call information asymmetry a situation where one party has much more information than the other. Just think how much better you could negotiate for a raise if you knew everybody's salary. Most employees have no idea how their pay compares to their peers.

Your right to discuss your salary information with your coworkers is protected by the federal government. According to The New York Times, the National Labor Relations Act states that employers can't ban the discussion of salary and working conditions among employees. ... Only your coworkers can tell you their salaries.

Your frustration is understandable, but do your best to stay calm and clear-headed. Mention your higher-earning coworker by name during your salary review. Focus on the value you bring to the company. Stay in a job if your employer refuses to pay you market value for your role.

David Burkus: Would Work Improve If You Knew What Your Colleagues Get Paid? How much money you make is a taboo subject. But business writer David Burkus says you should know how much your coworkers are paid. It can improve your job satisfaction--even reduce pay inequality.

Some employee handbooks explicitly forbid discussing salary at work. But know that if you create a similar policy, you can't enforce it. The National Labor Relations Act protects your employees' rights to discuss conditions of employment like pay, work hours, safety, and so on.

Keeping salaries secret leads to what economists call information asymmetry a situation where one party has much more information than the other. Just think how much better you could negotiate for a raise if you knew everybody's salary. Most employees have no idea how their pay compares to their peers.

Employers hate it when employees discuss salaries because it exposes discrimination and other unfair pay practices, she says. If your employer has a written policy or contract prohibiting salary discussions, you can report them to the National Labor Relations Board.

David Burkus: Would Work Improve If You Knew What Your Colleagues Get Paid? How much money you make is a taboo subject. But business writer David Burkus says you should know how much your coworkers are paid. It can improve your job satisfaction--even reduce pay inequality.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232