What lengths would you go to in order to hide your salary from your coworkers?
For 28 million working adults, they’d choose running naked through the office over revealing their pay, according
Just 18% of employees surveyed would like their salary to be public to their colleagues, but this
“Companies are increasingly recognizing that diversity and inclusion has tremendous business benefits that they wouldn't have without it,” says David Cross, senior compensation consultant at Salary.com. “If companies are paying fundamentally lower wages to women, they won't keep women [in the workforce].”
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The benefits of pay transparency are becoming more recognized across industries as employees ask for more clarity around their compensation. Sixty-one percent of prospective job seekers think more favorably about a company that provides salary data in job listings, according to a survey by beqom, a software platform.
But those changing attitudes aren’t always enough to combat the extreme stigma around discussing money matters in the workplace. And while it’s not legal for employers to prevent workers from discussing earnings, 66% of private sector workers reported that they were prohibited or verbally discouraged from sharing their salaries with others, according to 2017 data by the Institute for Women’s Policy Research.
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Employers including Accenture, Cisco, Deloitte, Starbucks and others have pledged to disclose their pay data in an effort to close the wage gap. Career community Fairygodboss launched a crowdsourced salary database, where employees can anonymously share their salaries.
“Our goal with this database is to increase salary transparency so that women can accurately research what they should expect and ask for in their careers," Romy Newman, president and co-founder of Fairygodboss,