People typically underestimate what their boss earns. People were motivated to come in to work longer, to sell more, and to work harder when finding out that their boss earn more than they expected. Among the ones that didn't want us to send that email, 40% were willing to pay us over three days worth of salary to just keep us from sending it.
One of the primary reasons we work is to earn money, but many of us feel uncomfortable telling others how much we make. This fear may be working against women, because research has shown that salary transparency can help narrow the gender pay gap.
With the help of experts, we explore the complexities of talking about our salaries. First, an economist walks through the pros and cons of disclosing your pay. Then, the host of a personal finance podcast explains why she encourages people to speak openly about salaries. Finally, an HR executive gives advice on how to deal with the gut punch of learning that a peer makes more than you do.
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Our theme music is Matt Hill’s “City In Motion,” provided by Audio Network.