Tuesday, September 16, 2008

News You Can Use: Breaking the salary talk taboo

Should salaries be public? The issue won’t be moot, if a new Web site has its way.

While salary ranges have been available for some time on the Internet, Glassdoor.com, launched in June, now makes it possible for employees to post their salaries for the world to see. The site lists some 88,000 salaries at 11,000 companies in 90 countries, according to an article in yesterday’s Christian Science Monitor.

It's a level of transparency that hasn't existed before, so it's initially uncomfortable," Robert Hohman, CEO of Glassdoor, told the Monitor. "But it's empowering. Being paid fairly for our work affects us emotionally, and having that income affects our life.”

Some companies already make employee salaries public. Is this the way to ensure fairness in the workplace? Does salary transparency serve as an incentive because people must live up to their level? Or does it only breed discontent? There often are other components to compensation; should they, too, be public?

Tell us what you think!


Anonymous said...

Yes Salary information should be public. Every Public entity must publish their salaries and I believe that private entities shoudl follow suit. It keeps people more honest and perhaps we would not have meltdowns such as the Lehman fiasco!

Anonymous said...

Pay is only one part of the total compensation picture so comparing pay only is not looking at the entire salary. There are other factors too that make salaries vary per environment. For instance a personal handling HVAC in a hospital environment is different than HVAC in an office atmosphere. Looking at straight salaries may cause the person working in an office to feel they are underpaid wherein actuality there are other factors that come into play. Salary knowledge is not bad knowledge yet it is not a full picture.