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Tuesday, April 23, 2013

Do you know how much your coworkers make? Why that’s no longer taboo...


It used to be considered professional taboo to discuss salary with your co-workers - but that was then...
The Wall Street Journal reports pay transparency is now all the rage among some workers. With the Millennial generation flooding the workforce, sharing personal information such as salary is often considered less classified. Generally speaking, Millennials have been used to sharing personal information via social networking for most of their adult lives. They’re not as sensitive to disclosing data which older generations might consider top secret. Kevin Hallock, director of the Institute for Compensation Studies at Cornell University says, people are much more willing to talk about pay than they were 10 years ago. 
Many Millennials consider this information a tool of leverage or power but need to be careful about revealing too much. Going transparent with your pay can trigger resentment, envy and sour grapes in the workplace and probably won’t win you any points with management.

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