by Alexander Kjerulf
It’s a golden rule in most businesses that salaries must be kept secret. Except for a few heretics, it is almost universally accepted that mayhem would ensue in the workplace if people knew what their co-workers, their managers or—gasp—the CEO was making.
It’s time to stop the code of silence. Bringing salaries out into the open makes a lot of sense—and it offers advantages for both the organization and for its people.
Here are three major reasons why secret salaries are silly:
- It frustrates employees because any unfairness (real or perceived) can’t be addressed directly.
- They’re not secret anyway. People talk, you know.
- It perpetuates unfair salaries, which is bad for people and for the organization.
Example: If Johnson over in production is making $1,000 more a month than I am and the CEO is making 22 times what I’m making, there’s probably a good reason for it—one that I as an employee am entitled t...(register to read more)
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 14 Tips on Business Etiquette
- Eating behind the wheel? That's no lunch break
- Pension plans: Don't make <br/> employees guess at meanings
- 10 minutes well-spent: Audit your employee bulletin board
- 6 great perks from Fortune's '100 Best Companies to Work For'