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How does it work in your company/teams?
Everybody knows everybody's salaries and grades?
I never felt this to be so cool, as it always landed in employees revolts.
An employee should look at his own work, contribution towards the project/team/company ,assess the situation himself & find out if the salary being paid to him is reasonable or not, than comparing the salaries with peers and take calls based on psychological triggers (That happens if things don't tally). Many times they choose to leave and land themselves in a poor work place. Like from the frying pan to the fire.
It'd be better if management issues a subtle direction to the young folks to keep these things confidential. (Until they grow older & learn the cunning tricks themselves)
These freshers in team just sit together and compare the compensation letter field by field and feel relaxed, only if all them match dot by dot. lol
Starting to think people post kid pics in their profiles because that was the last time they were cute - Jeremy.
Here it's the law that works as a subtle direction to keep things confidential. Salaries, in the sense of this law, are confidential information between you and your employer. Disclosing them can get you fired.
"I don't know, extraterrestrial?"
"You mean like from space?"
"No, from Canada."
If software development were a circus, we would all be the clowns.
They are not public and aren't widely discussed, only between coworkers who trust a lot each other and often on single points of the salary (for example the compensation of non competition pacts) and not the whole lot.
That's exactly because it's extremely easy to spawn revolts or bitterness and create a darker workplace.
* CALL APOGEE, SAY AARDWOLF
* GCS d--- s-/++ a- C++++ U+++ P- L- E-- W++ N++ o+ K- w+++ O? M-- V? PS+ PE- Y+ PGP t++ 5? X R++ tv-- b+ DI+++ D++ G e++>+++ h--- ++>+++ y+++* Weapons extension: ma- k++ F+2 X
* Never pay more than 20 bucks for a computer game.
* I'm a puny punmaker.
Each place I worked, there were job categories or titles and levels, each category and level had a lower and upper range.. your salary was somewhere in there.
You were told, or not, what your range was and what your salary was.
If you chose to divulge that, that's up to you.
In theory, your merit increase was based on an annual performance review, but, because only 'x' number of dollars was available to spread around, your review was largely based on what compensation you would receive - not on your work.
At my current position, it seems the talent pool is large enough to actually have a realistic performance review and associated merit increase.
25 years ago, I worked for a well known company that did that. Every year, you'd also get a guaranteed raise, but if that raise crossed the upper threshold of the range, you were usually laid off.
(Our theory became that the company believed that you were supposed to get your new title before your salary crossed that limit and if not, then you were just an unmotivated employee taking advantage of automatic raises. I lost a guy on my team to this--he ended up at a now notorious company and eventually made bank on stock options.)
As far as I'm concerned, all of my financial information is confidential. Other than myself, the only three entities that have full knowledge are (in descending order of importance) my wife, the tax authorities, and God.
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack.
Knowing someone else's salary is not good. It most certainly will cause resentment and toxic work relationships - especially if you make less than someone else and you do more work than this person or out perform this person.
If you work Government then it is difficult not to know someone's grade/level, but still you don't know "exactly" the salary.
In short, with the world we live in, it's best to keep that under wraps. Unless everyone knew each other's salary then that would be ok (psychologically speaking), but I doubt that will ever happen in our lifetime. Anyway, for some people to know and not others creates the problem of imbalance.
If nobody ever talked about things, even sensitive subjects like money, then nobody would ever learn anything past what their parents taught them. Society would never grow that way. Also, I find the better you get with money the less of a sensitive subject it is. It's only those without it that flip out all the time over it. So in short, communication is always good in the long term. Maybe not so much in the short term. It's like having to break up with someone who's no good for you. It sucks in the short term. Long term you're better off. In this case, the long term is learning better about your worth while the short term may mean quitting, etc.
I know for me, finding out more of this information has been useful. It's helped me to better see where my parents have stopped growing in life. They have their own idea of what a "good" salary is, which may or may not reflect anything accurate to our lives.