Management researcher David Burkus explores the topic of salary transparency in the workplace.
He presents an argument for why sharing salary information could be beneficial for employees, organizations, and society as a whole.
Benefits of pay transparency
Pay transparency can cultivate a better work environment.
Lack of salary information among peers often leads to perceptions of being underpaid or discriminated against.
Openness remains the best way to ensure fairness, and pay transparency does that. – David Burkus
The role of pay secrecy
Pay secrecy is a strategy utilized by companies to create information asymmetry during negotiations, enabling them to save money.
If salary information was openly shared, employees could negotiate for higher pay more effectively.
