Lets talk about compensation

Added: Shealyn Gallaher - Date: 05.02.2022 00:08 - Views: 49592 - Clicks: 9062

How often do you ask people how much they earn? But what if I told you that we should talk about salary and what we each earn? Our shame and secrecy surrounding our salaries does benefit some people — namely, the people who control our salaries. If they can underpay you, most will. You must know your worth, but doing so requires you to know who makes what and why. Somehow, knowledge that will empower you is impolite to seek. You may be discouraged by management to have conversations surrounding pay.

They may reprimand or threaten to terminate you for doing so. This is illegal. If there are no laws on your side, consult company policy. So, keeping quiet about money matters keeps the fat cats fat. And your co-workers! You might assume that your organization treats people fairly. By discussing salaries, you and your co-workers might identify certain people as being under-paid.

This is an opportunity to become allies to ensure everyone is treated right. You might remember the story of Jessica Chastain using her white privilege to get Octavia Spencer a massive pay raise for her work in a move. Some people worry that discussing salary can make for a toxic work environment. People may become hostile toward managers or jealous of one another. You can find many of these articles online. However, they do raise some good points to be aware of. First, keep in mind who actually has control of your salary. If you find out that Billy earns more than you, make sure you try to understand why that might be the case.

Is his position different from yours? Has he worked for the company longer? Does he have more education? More experience? There may very well be a good reason. Also, understand that going to your boss and demanding a raise because Billy earns more is not going to do you any favors. You have to be smart about this.

If you think you deserve more, negotiate for a raise. Knowing what Billy earns can give you a sense of how much you should be earning, so try to negotiate to that salary without outright saying that you want to earn the same money that Billy gets. This is meant to be empowering, not embarrassing. Finally, try to keep these conversations off-site. Being seen as a rabble-rouser can be harmful to your career, so protect yourself and your co-workers by taking it to a coffee shop. The norm of shame and secrecy regarding our income is not the friend of most workers.

Keeping quiet about salaries helps the companies underpay their employees by creating an informational imbalance at the negotiating table. Luckily, pay transparency is gaining traction in the business world, which means companies are clear about their pay philosophy and reasoning, although some even disclose what every individual employee earns.

A fairer office boosts morale and is a win for everyone. How much do you make? Of course, we want cats to be healthy, too. We love all cats, regardless of size. Petite2Queen provides virtual mentoring to young women in life, at work, and in sales. Follow us for more practical advice you can put to use to improve your life and career. Rachel uses her experience in writing, editing, and research to develop content that appeals to and is reflective of the diverse millennial woman. Save my name, , and website in this browser for the next time I comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed. Written By: Rachel Whitbeck. Might There be Riots? You May Also Like. Job Searching? How to Contact a Recruiter on LinkedIn. Rachel Whitbeck. Spread the love.

Lets talk about compensation

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Let’s Talk Salary