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You’ve just been hired for a new job.
You’re out for drinks with coworkers one day and the topic of salary comes up. You’re not sure how to approach the topic.
Sounds familiar?
In this article, we will explore the pros and cons of disclosing your salary among your colleagues. We will also provide some tips on how to handle the situation if you do choose to divulge this information.
The pros of disclosing your salary
First off, it can help break the ice and create a more open and candid working environment. It can also help build trust among colleagues, as they will know that you’ve nothing to hide.
Disclosing your salary can also help you learn more about what others are making, and whether or not you’re getting a fair deal. And finally, it can give you some leverage when it comes time to ask for a raise.
The cons of disclosing your salary
Let’s be honest—sharing your salary with your colleagues can be a little bit dangerous. You never know who might use that information against you.
For example, if you’re asking for a raise and your colleague knows how much you’re making, they might use that information to try and undercut you in salary negotiations.
You also run the risk of creating tension among your colleagues if you’re earning more than others. It can be demoralizing for your teammates to know that you’re making more, more so if it’s for similar positions.
What to do if you’re asked about your salary by a colleague
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Well, first of all, understand why they’re asking.
There could be a few reasons: they might be curious, they might want to get a sense of how much they could make if they switch jobs, or they might just be nosy.
No matter the reason, it’s not always easy to disclose your salary. You might feel like the company is undervaluing you since you’re not being paid enough. Or on the flip side, you could be satisfied with your salary and not want to divulge that information.
Ultimately, it’s up to you whether or not you want to share your salary with your colleagues. If you do decide to disclose your earnings, be prepared for possible backlash.
How to deal with feeling underpaid or disconnected from colleagues financially
Consider how you feel about your salary.
If you’re feeling underpaid or disconnected from your colleagues financially, then disclosing your salary could make you feel better.
It can be empowering to know that you’re earning more than someone else in the same role as you. But also mind the opposite if it’s true.
There are pros and cons to disclosing your salary to your co-workers. On the one hand, you may feel more comfortable knowing that everyone is on the same page. On the other hand, you may worry that others will judge you—or even try to take advantage of you—if they know how much money you make. Before disclosing your salary, weigh the pros and cons and decide if it’s right for you. If you do decide to disclose your salary, be sure to stay strong in the face of possible criticisms or judgments.
