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Pro
I talk salary with real numbers with my industry friends. It’s important that we help each other, especially since we are mostly WOC and most often underpaid for our experience.
Love that and I’m glad your industry friends have that support.
Chief
The taboo on sharing salary helps nobody but the employer. I have no issue sharing salary, bonus, vacation, and other comp with anyone in my life. I don’t go blurting it out by any means because that’s tacky, but if someone wants to know then I have an open discussion.
Edit: this was the catalyst that got me to reconsider. Five years ago I would have told nobody my income https://youtu.be/7xH7eGFuSYI
Rising Star
Because people rarely view their own contributions realistically as compared to their peers.
I don’t really mind when someone asks, but I’ll never just volunteer it
Fair enough! I’m the same
Definitely discuss with co-workers of same level.
I also discuss with co-workers of same level. We’ve never gotten upset with one another, just more insight on how to negotiate and who is the partners’ current favorite.
Rising Star
I am happy to share. It ensures everyone is on a level playing field.
Rising Star
The only people on earth who know my salary are the partners who approve the comp, HR, and my wife. No one else needs to know
Congrats?🎉
Rising Star
How do we know if we’re being fairly comped unless salary is transparent? I don’t volunteer the info, but if someone is curious and asks I don’t mind sharing.
I don’t mind sharing but have found it often causes envy and competition from friends rather than being helpful. I’ve shared with coworkers though
Has happened to me too! Funnily enough, for other reasons, we are no longer as close and aren’t even really friends anymore.
Rising Star
I am a woman and I will tell anyone who asks. Most men stay pretty tight-lipped. Probably because they're making more than me and they know it. Sharing is caring.
Rising Star
Absolutely. Typo on my end. *white men.
I do not share! Just causes problems.
I don't go around broadcasting my salary, but if it comes up in conversation/someone asks I don't hesitate to tell them. Hiding only helps keep wages down. I've contributed to industry salary sharing initiatives and also in coaching junior staff through their promotion negotiations. I don't know what the big deal is about hiding salaries... Have never had an issue after sharing this information with others.
I'm all for sharing. It's how I found out my male CW was being paid 25k more than me, so now we're looking for a job together that pays fairly and equally.
@pwc 1 why you do seem to doubt all the good that can come with salary sharing? I may have missed it, but have you had bad experiences?
Agreed. But I get paid most of my peers, so I am a bit hesitant. Do wish it was less taboo though.
Chief
It’s a no-win situation. If I make less than my peer/friend then I’ll be bitter. If I make more then my peer/friend then they’ll be bitter. There is no upside to sharing comp with coworkers.
It’s also incredibly tacky. 🤷🏼♂️
Just curious, but for those who see no benefit of sharing with coworkers/others at your level, would you classify yourself as a minority of some sort? I personally would share with a co-worker if they share back for the sake of helping someone (or even myself) figure out if they should be asking for more.
Pro
My parents know but I would never share with my sister who is competitive and jealous. I’ve talked to accounting friends about it - especially now that a lot of us work at different companies so it’s helpful to know what others at my level are making in their industry. I would never tell my non-accounting friends though, I know I make much more than them
Chief
Peers? No prob.
Friends with similar career options/aspirations? Yes, some.
Family? Not generally. Dad has rough idea. Mom knows details. I’d guess others would guess a fraction of actual which is wayyy more than they make/can imagine.
Rising Star
My parents, my brother and my partner know the actual number. My 2 best friends and I basically know each other’s range. (Different industries) I think it’s a healthy discussion with the right people.
I don’t have a problem sharing with coworkers or college friends from the business school (i.e. anybody for whom the information is relevant). I also don’t mind sharing with good friends and parents/siblings.
I do not share with my extended family because they are solidly working class. I don’t want to brag or experience any potential situation wherein I am asked for any amount of money. They know I have a masters and a good job. They don’t need to know my salary.
I share my salary whenever I get a new job because I know that’s the main thing people want to know lol. And also anyone who outright asks I’ll share. Never bothered me