2023-07-03 12:55:23
82% of Gen Z employees think salary discussions are appropriate between employees, according to a new Skynova study of 1,000 employees. But, on the other hand, 38% of baby boomers think so. Know that there is a need to understand changing employee expectations and attitudes as companies continue to recruit following a pandemic of layoffs. Additionally, this data might be especially valuable for meeting managers who are struggling to build a stable team in a fast-paced and stressful work environment. Along these same lines, the drastic change in the way younger employees share salary information can be emotional and disruptive.
Should your staff share salary information or not? Responses to Skynova’s investigation
Following salary discussions with current colleagues, here’s what Skynova respondents said happened
33% realized they were worth more 22% got a raise 21% felt a sense of jealousy 21% found out an equal co-worker earned more 18% knew a co-worker got a raise 16% found out that an equal earned less 16% are looking for a new job 13% will discuss an unfair salary with their superior 9% think that salaries have become fairer 8% feel the jealousy of a colleague 3% have quit.
What the law says ?
99% of survey respondents think job postings should include a salary range. Moreover, this point of view is not only popular, it is also the law in many countries today. In fact, over the past few years, 8 US states have passed pay transparency laws in an effort to improve pay equity. 15 other states are considering doing so.
Should employers consider the salary range a bit more?
Although laws vary from state to state, employers are generally required to include a salary range in job postings. Likewise, they must specify the other advantages and compensations offered within the framework of the position.
Additionally, according to a recent New York Times article, 45% of job postings published by Indeed now include salary ranges. Also according to this article, some companies display salary ranges that are too wide to circumvent the new requirements. However, state regulators are working to crack down on these tactics.
On the other hand, the inclusion of salary ranges in job postings can be potentially disruptive information. But, according to the Skynova study, changes in the amount of salary information shared by younger employees can be an even more destabilizing factor for staff.
1688389485
#staff #share #salary #information
