Would you feel better about your less-than-market salary if your boss talked to you about how the company structures pay? Maybe. PayScale survey data from 71,000 U.S. employees show that workers who are paid less than the market rate for their jobs were more satisfied if their employer was transparent about their pay, as this Bloomberg Business piece points out. When someone actually sat down with workers and talked to them about compensation, their job satisfaction numbers more than doubled, rising from 40 percent to 82 percent.
Category: Communicating compensation
When negotiating a job offer, it's best to avoid giving your salary history to your prospective employer. Revealing your previous earnings could get in the way of landing that big pay bump you're hoping for. Also, there is another reason to consider not giving your salary history – the gender wage gap. For women, revealing previous salaries might reinforce future low earnings. Here are a few important things for women to keep in mind when navigating salary negotiations.
Little by little, cultural taboos in the U.S. are being eradicated. With each passing generation, we grow increasingly comfortable with discussions that would have stunned those who came before us. However, there is one remaining taboo in our society that is going just as strong as ever: money. We don't talk about money, not with our friends, often not even with our families. And, sharing our salaries with our co-workers? Well, that feels completely out of the question. But, there might be something to gain from talking about pay with our colleagues and getting a little honest with each other.
You know the deal. You're hired to do a job. That job comes with a job description or maybe even a contract that lists the responsibilities and duties assigned to you as said job holder. Next, you start to get comfortable with your new position. Soon, you're doing well, and before you know it, you start winning the respect of your co-workers and even your bosses. You're starting to feel pretty good about yourself, and this job – and that's usually right around the time when things start to change.
Deserve more money? The first step is negotiating a higher salary, either after receiving a new job offer or during the annual review. However, sometimes employers can't pay more. This does not mean that they can't afford to help by offering a better benefits package. Benefits packages are more than healthcare and a retirement plan; be creative and ask for what you want.
If anything good came out of the Sony email hack, it's that Charlize Theron put Sony on blast for paying her $10 million less than her male co-star, Chris Hemsworth, for their upcoming film, The Huntsman. Let’s take a look at how Theron’s ballsy move (pun very much intended) is encouraging women to quit the coy act and fight for their right to earn equal pay in their careers.