Should Salaries Be Transparent?
Look around your office. Do you know how much your coworkers make? And do they know how much you make? It’s pretty normal if the idea of revealing your salary makes you squirm. But a lack of transparency may be what’s keeping us from bridging gaps in pay between genders, racial groups and other demographics. Transparency could help address these disparities. Or not. One company tried going transparent and didn’t see much change in the pay disparity between men and women. So should salaries be transparent, or is there a better way to achieve equitable pay?