Is pay transparency actually a good thing? My CEO announced transparency in pay and now half my sales team is furious with each other. Everyone found out that the quietest guy on the team negotiated a much higher base during a desperation hire period. Now my top performers are in my office demanding immediate raises to match him, and I don't have the budget to do it.

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Depends on what budget you do have. You might have to decide who is worth bringing up and who you are willing to lose. Obviously, can't set everyone to the same base. You might have to take some risks with people you dont think will leave and maybe tell them you can help push them up in the next year or two.

If you dont have the budget to raise anyone's base... then you probably need to ask for more money because your top performers will all start looking for new jobs and that might cost the company even more to try and retain or replace them.

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