Transparent piggy bank

Although there are typically no specific rules preventing employees from discussing their salaries with coworkers, conventional wisdom has traditionally discouraged such conversations as they can lead to conflict and resentment.

A new report from Self Financial found that the majority of employees – about 83% – believe the salaries of all employees should be transparent, and nearly three-quarters of those surveyed said they have openly talked about pay with their colleagues. This transparency has not necessarily led to positive feelings about pay, the report found. About 66% of employees said they felt underpaid after finding out how their salary compared with coworkers, and 63% said they were tempted to quit after finding out they were being underpaid. 

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