Tommy: Should we know what our coworkers' salaries are?
New research shows workers are more productive when they know the salary of every other worker. Would “pay transparency” with everybody knowing what everybody else makes be a good thing, or a total disaster?
Monday morning, we had dueling guests, one on each side of the issue. Ed Lawler, a Distinguished Professor of Business and Management and Organization at the University of Southern California, has studied the topic for over 40 years. He says that pay secrecy helps employers cover up their own bad decision making.
FULL AUDIO: Tommy talks to Ed Lawler about salary transparency
On the opposite side is Roy Cohen, a New York-based career coach and author of The Wall Street Professional’s Survival Guide: Success Secrets of a Career Coach. Cohen warns of the potential pitfalls (jealousy, rage, etc.) of pay transparency.
FULL AUDIO: Tommy talsk to Roy Cohen about salary transparency
So now you know how the professional feels, how do YOU feel? And what’s the policy at your workplace?