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  #21  
Old 07-04-2018, 12:29 AM
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Nothing good comes in telling coworkers who you’re not friends with your salary imo. Unnecessary judgement of spending habits, resentment, comparison. And overall, you’re just being a dick.

If you want more, ask for more. If that doesn’t work, switch jobs. Figuring out your cubemate’s salary shouldn’t impact these two fundamentals.
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  #22  
Old 07-04-2018, 01:21 AM
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Is your employer trying to retaliate for your having asked a coworker what he earns?

Despite the strategic benefits of wage transparency, there are a lot of reasons why it's an awkward question. I guess if you asked in a way that upset your co-worker that could be sort of an issue?? But it seems really wrong for employers to restrict that information.
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  #23  
Old 07-04-2018, 02:23 AM
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Originally Posted by PeppermintPatty View Post
Is your employer trying to retaliate for your having asked a coworker what he earns?

Despite the strategic benefits of wage transparency, there are a lot of reasons why it's an awkward question. I guess if you asked in a way that upset your co-worker that could be sort of an issue?? But it seems really wrong for employers to restrict that information.
Hasn't been an issue for me so far. But before I engage in these discussions, I try my best to make sure we're all on the same page as to why we're talking about money. It isn't to brag about who has the biggest salary, but it's to gather information about where we stand, and what opportunities may be available.

More information helps. Solid numbers help. We're data-driven professionals, so it should be common knowledge that data do matter. When you know the salary bands of certain positions at certain companies along with the required skill set, you know exactly what to apply for and how much is reasonable to ask for. Glassdoor is helpful. H1b databases are helpful. Being armed with that information is much more effective than guessing.
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Last edited by Colonel Smoothie; 07-04-2018 at 02:28 AM..
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  #24  
Old 07-04-2018, 08:37 AM
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Oh, I completely agree that it's helpful information, and we'd probably be better off if it were all published. Still, I grew up in a generation for which it's a taboo. Also, I know i earn less than many of my peers. I've intentionally made decisions that led to that, and I'm comfortable with my income and with my work-life balance (which is better than many of my peers). But I'd just as soon not be reminded of the income side of that.
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  #25  
Old 07-04-2018, 09:21 AM
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Originally Posted by Colonel Smoothie View Post
Pay transparency benefits the rank and file workers. Policies against it are intended to reduce the bargaining power of employees.

Sure, you don't have to answer if you find it uncomfortable. If you ask 10 of your peers what their salaries are, and all 10 of them report a salary 20% higher than yours, there's a good chance you'd be able to increase your own salary by jumping ship or asking for a raise.
Game theory time: If I'm on of the 20 percenters, it's to my advantage NOT to tell my salary.

Alternative view

For as long as I can remember, my dad was a proud member of the machinist's union. Everybody with equal seniority got equal pay. Would this be an ideal situation for actuaries? Everybody with the same number of exams and experience gets paid the same? I don't think that most folks here would like that.


Also, ITA with what PP said.
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  #26  
Old 07-04-2018, 09:57 AM
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If you are twentieth percentile, how would it hurt you if your co-workers learned that?
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  #27  
Old 07-04-2018, 10:11 AM
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If you are twentieth percentile, how would it hurt you if your co-workers learned that?
At most companies, raises for the worker-bees are a zero-sum game. If my information helps the lower-paid people to get bigger raises, my raise would necessarily be less. Which hurts me if I care about winning the game of "who is paid more?"
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  #28  
Old 07-04-2018, 10:23 AM
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At most companies, raises for the worker-bees are a zero-sum game. If my information helps the lower-paid people to get bigger raises, my raise would necessarily be less. Which hurts me if I care about winning the game of "who is paid more?"
You are missing the forest from the trees once again.

In the short run you might be better off, but in the long run, the trajectory of your income over time would be lower as the lack of bargaining power would pull aggregate corporate incomes downwards.

This is pretty basic stuff by the way.
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  #29  
Old 07-04-2018, 11:25 AM
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Why are you assuming there is bargaining power? The majority of jobs aren’t rocket science. You can pick anyone out of college for EL actuarial work
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  #30  
Old 07-04-2018, 11:27 AM
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I hope the following link answers your question:

www.google.com

You're welcome
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