Summary of Why You Should Know How Much Your Coworkers Get Paid

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Why You Should Know How Much Your Coworkers Get Paid summary
Are you earning the going rate? You likely have no idea.

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Are you earning the going rate? You likely have no idea. Happily for employers, salary is a taboo subject, which deters employees from discussing wages with their colleagues. Such “pay secrecy” fosters workplace resentment. According to management researcher David Burkus, “pay transparency” offers a solution. getAbstract believes Burkus’s cogent examination of salary secrecy will pay dividends to corporate leaders and disenfranchised employees.

In this summary, you will learn

  • How “pay secrecy” contributes to unhappiness in the workplace
  • Why such “information asymmetry” gives employers an unfair advantage
  • How “pay transparency” improves work environments
 

Summary

Discussing your salary with anyone, including your co-workers, can feel uncomfortable. Long-standing assumptions tell you that if everyone knew how much everyone else earned...
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About the Speaker

David Burkus is an associate professor of management at Oral Roberts University.


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