Some employees wanted more than an intuitive sense of what others at the bank were making. They wanted numbers and they were willing to pay for them. One thing that does seem to be quite predictive is whether that person is up for a promotion, for a raise. There's this important function that salary information plays in your own take home pay.
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.