This Is Why You Should NOT Hesitate To Talk to Your Colleagues About Your Salary
Workplaces seem to have an unvoiced rule – no discussion about the money you rake in. Many a time, you will find people actively discouraging it. With that being said, things are looking up these days. Career coaches are advising you to talk about your salary with your colleagues. They say that such a discussion will help in setting up a healthier work environment and lead to more equality in the workplace. However, it’s a very sensitive conversation and must be carried out a bit thoughtfully. Following are the reasons why you should never refrain from discussing your salary with your colleagues.
You Can Ask For A Hike As A Team
Asking for a pay hike all on your own can be a bit frightening and many people find themselves feeling a little uneasy in such a situation. However, if co-workers discuss each other’s salaries, they automatically develop the potential to work as a team and strive better towards success. Moreover, they can ask for a hike as a team. This doesn’t, however, imply that every organization has to work horizontally. Even for companies that follow a definite hierarchy and have a different set of rules, having an empowered and content staff would work in its favor and contribute towards attaining more profit in the due course of time. An open and fair culture would surely have a positive effect.
You Can Imbibe The Art Of Working Out A Higher Pay
There is no point in being jealous of people who rake in a higher salary than you. Instead, get inspired. Sharing your figures would help you in the long run. Aside from that, you might also find out the factors that would help you add or take away from the amount that you receive as your salary, such as whether you tried to work out a higher sum while joining your workplace. Remember, those individuals who negotiate often receive more. Discussing such things with your colleagues would provide you with an opportunity to imbibe better strategies on how to pile on more in your bank account.
You Can Play A Key Role In Promoting Equality In Your Workplace
If there is no transparency regarding salary trends in your workplace, the marginalized communities are bound to suffer. Maintaining secrecy about your salary helps in maintaining as well as accentuating the power of those who belong to the top layer of the hierarchy, who actually have the power to decide how much salary an individual can withdraw. They disempower their employees who ask for promotions and hikes. Having transparency can put some power in the hands of the employees, especially those who belong to the lower ranks. Individuals who have less power in the organization are at a greater risk than those who possess greater job security. Rephrasing it, some people might need a higher level of support and protection from others.
You Have The Capacity To Make Your Workplace More Productive
If everyone belongs to the same level, you and your colleagues would feel that you guys are being paid properly. This will lead to the development of a productive environment. Employees would have the zeal to work towards attaining a common goal. If you and your co-workers find that you are receiving the right kind of compensation for your services, the ambiance at your workplace would be a lot happier and happier employees work a lot harder for their organization. Employees who are confident of getting repaid for their efforts derive full satisfaction at their offices. In addition to that, they would know what to do in order to earn a rise.
A Mindful Discussion Is Necessary
You must prepare for any kind of stressful situation while discussing your salary hike. When there are salary discrepancies between you and your colleagues, conflicts might be pretty normal. Hence, discussion about your salary structures must be done with an open mind. Employees at an organization should proceed a bit carefully and realize the factors that can lead to an increase in their overall compensation package. Hopefully, you will keep the aforesaid factors in mind and do things accordingly. Never hesitate to discuss your salary, but start a conversation with anybody in the organization by exercising caution. Best of luck.
More in Career & Self-Development
The Philosophy Behind Being Wealthy Without a Big Bank Balance
Yes, believe it or not, we are about to share with you the one-way ticket to obtaining wealth. Everyone wants to...August 7, 2019
Heidi Klum and Tom Kaulitz Are Love-Struck — With Two Weddings to Prove It!
Heidi Klum and Tom Kaulitz became an official couple in May 2018 when they appeared as an item during the Cannes amfAR...August 6, 2019
Are You A Retiree? This Is What The Fed Interest Rate Cut Means For You
An interest rate cut from the Federal Reserve might be a piece of good news for borrowers, but several retirees are...August 5, 2019
Five Ways to Shave Off a Chunk of Your Home Loan Term!
Your home loan is the largest financial commitment you are likely to make throughout your life. It is the commitment with...August 4, 2019
What To Look For In A Boss While Job-Hunting!
You must have found yourself, at some point, searching through piles of job descriptions online in the hopes of finding the...August 1, 2019
How To Downsize After Retirement
Retirement needs a lot of planning, and we are not just talking financially. If you do not plan this next phase...July 31, 2019
Five Celebrity-Approved Restaurants To Try Out!
If we can’t meet our favorite stars personally, we can at least look at them from a distance and admire them,...July 30, 2019
You Wouldn’t Believe Where These A-List Celebrities Shop!
Even Hollywood stars can’t resist a good bargain! Yes, they do spend their dollars on Luis Vuitton, Gucci, and Dolce &...July 29, 2019
A Comprehensive Guide On Loans And Financing Options For Freelancers
Freelancing can be quite rewarding when done the right way. However, there are a few downsides to it as well. For...July 28, 2019