Young people
Top-level managers are unwilling to share their pay with anyone: not with coworkers they trust, not with peers at other companies and not even with close friends, according to a
While most entry-level workers would tell their families about their pay and 31% would tell their close friends, nearly a quarter of company vice-presidents, C-suite executives and business owners say they wouldn't tell anyone at all. Only 3% of senior executives said they'd tell anyone who asks, compared to 13% of junior employees.
"When it comes to senior leaders, the desire to keep things quiet remains surprisingly strong," George Anders, a LinkedIn senior editor at large, said in an online post.
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Of course, publicly traded companies have to disclose their senior executives' pay in annual filings so those leaders don't have a choice. Last year stands as the most
Pay transparency
Managers are especially wary of sharing pay data with their colleagues, with only 5% of C-suite executives saying they would share their salaries with coworkers they trust, compared to 18% of junior employees.
Sharing pay could raise questions about fairness, Anders wrote, which managers would want to avoid. And they might not feel the need to share and discuss pay, as they tend to be happier with their salaries than more junior workers, the report found.
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Executives might also want to stay clear of salary conversations with extended family members, as they might have widely different incomes.
Overall, only 34% of senior leaders agreed that increased pay transparency would lead to greater equality in the workplace, compared to about half of non-management respondents.
