Should salaries of all employees in private companies be made transparent, similar to government structures with fixed brackets? Is it legitimate to expect this level of transparency?
Transparency could also foster employee trust, discourage discrimination, and promote equitable compensation practices.
Why not? In US, some states keep it a requirement to disclose the salary bracket for the role. If people here demand for it, I don't see why we cannot have that
Exactly. There is always a chance of biasness in secrecy.
Right
By making salaries transparent you’ll end up signalling who gets paid for what skills, and how you can reach similar levels if you manage to put in hours/ up-skill yourself?
This should reduce the number of employees who’ll be unhappy i...
So, my company just started publishing salary ranges for all positions internally. It's been... interesting, to say the least.
Some people are thrilled about the transparency, while others are pretty upset about what they've learned....
Hey Viners, do you think Startups should provide the details of their financial health to new employees so as for employees to know where they stand ???
Many startups, no financial transparency, founders who say we have enough runway, a...
I had been toiling in my current organization for a good while despite the compensation not being totally fair. Whenever I brought this discussion up with the CEO, he always played the friend card and promised to give me what I deserve o...
I have been managing teams for multiple organisations for quite a few years. It saddens me to see most of the organisations trying to exploit employees by paying inadequate compensation. Gender pay gap exists for real. I want to file a P...