![]() ![]() Rules for CommunicationĬompany transparency is not the only solution to making compensation conversations more comfortable. While pay transparency is becoming more popular, 45.8 percent of companies still keep what’s on an employee’s paycheck private information. Buffer, a San Francisco based tech company, takes pay transparency to the next level by making all employee salaries available online for anyone. At Whole Foods, staff members can look up any other employee’s salary and bonuses (even the CEO’s) from the previous year. Pay transparency can be interpreted differently across organizations. But in another study, researchers found that 89 percent of employees assume their coworkers would avoid a salary conversation if asked. A multinational survey from Glassdoor found that 70 percent of employees believe salary transparency is good for employee satisfaction and 72 percent believe it’s good for business. But the risk of finding out you’re being paid less than your peers might be enough to scare you away from asking in the first place.Įven if talking about pay seems uncomfortable, pay transparency is becoming increasingly common. Knowing what others in your industry are making can help you feel more confident you’re being paid appropriately or help encourage you to ask for more. Some people feel too uncomfortable to even mention their paycheck to a coworker or friend, while others have no problem discussing compensation openly. With some preparation and talking points, it can be easy to learn how to discuss salary. But there’s no reason having respectful, tactful, and productive conversations about money should feel impossible. Whether you’re an employee asking for a raise or a manager being asked to give one, talking about compensation can feel uncomfortable. While you might still choose to keep some of these hot topics out of the office, money is a part of business and you’re going to have to talk about it. Compensation Conversations: Tips for How to Talk About PayĪs a kid, you probably learned that some topics were rude to discuss, like religion, politics, money, and which birthday your mother was celebrating.
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