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From the company’s point of view this seems like a very bad idea. It essentially cripples their ability to attract great talent. In order to avoid drama in the
by twodave 7y ago
From the company’s point of view this seems like a very bad idea. It essentially cripples their ability to attract great talent.
In order to avoid drama in the workplace, companies adopting this sort of policy would undoubtedly adopt a standard pay scale that excludes their top workers. Maybe the existing employees are grandfathered in? Or maybe not. In either case you end up not being able to spend extra on that one employee who could really help your business goals.
And I say that as a person who pretty freely shares what they make (though not typically with current coworkers) and also earns well above average in my region.
Just imagine having the sorts of discussions we have about ostensibly-overpaid NFL players, except about George in Logistics and you’ll start to see what I’m imagining.
- arcanus 7y ago> Just imagine having the sorts of discussions we have about ostensibly-overpaid NFL players While bad from a companies point of view, salary transparency is one of the few free market mechanisms in sports, and it does generally result in meritocratic distribution. The very fact you can mention someone who is perceived as overpaid implies scrutiny far beyond anything possible in a major corporation. Frankly, I suspect this would be worse for company profits more than anything else. In sports they have a strict % of total revenue that salaries can come out of,which limits the pot. Employees would certainly have no such artificial limit, in fact such a thing would likely be illegal.
- ByzantineO6 7y agos/attract/keep/g
- legulere 7y agoIt’s bad from the sense that you cannot tell people that they are paid special when they actually aren’t paid specially.