Name: Why you should know how much your coworkers get paid
Uploaded: 2016-09-20T15:09:39Z
Duration: 7 min 20 s
Description: How much do you get paid? How does it compare to the people you work with? You should know, and so should they, says management researcher David Burkus. In this talk, Burkus questions our cultural assumptions around keeping salaries secret and makes a compelling case for why sharing them could benefit employees, organizations and society.

How much do you get paid? How does it compare to the people you work with? You should know, and so should they, says management researcher David Burkus. In this talk, Burkus questions our cultural assumptions around keeping salaries secret and makes a compelling case for why sharing them could benefit employees, organizations and society.

Why you should know how much your coworkers get paid

Keeping salaries secret doesn’t just protect privacy, it fuels resentment and leaves most workers feeling underpaid. In one survey, two-thirds of employees paid at market rate thought they earned too little, and many planned to quit. When pay is open, gaps shrink, discrimination is harder to hide, and people feel motivated to improve. Cultures that embrace openness around salary create stronger collaboration and trust.