What Are You Worth? Breaking the Salary Taboo

Tuesday, May 04, 2010

For this week's work segment, we're asking, How do we know if we're getting paid what we're worth? Is it ever okay to ask our peers about their salaries for comparison's sake? And what can we do if our salary seems to fall below our worth?

Beth Kobliner, Takeaway work contributor and author of “Get a Financial Life,” guides us through the murky waters of determining our worth — and offers advice on what to do if we believe our value exceeds our paycheck.

Why is it taboo to talk about your salary? We are taking a closer look at this issue and whether we'd all benefit if we were more open about the amount of money we make.  And we want to hear from you.

Do you talk about your earnings with your peers or your co-workers? Would we all be better off if salary were discussed more openly? Tell us what you think.

Katie says on Facebook

"No! A few years ago a co-worker found out (not from me)that I was making substantially more than he was making in the same position and really blew open a can of worms! What he didn't understand was that I had a college degree and he did not. Needless to say, my company made it a policy which prohibited employees discussing their salary with other employees."

 

Produced by:

Kristen Meinzer

Contributors:

Beth Kobliner

Comments [2]

Kieran from NYC

I have often wondered about a work environment where salaries can be posted and there is complete transparency. In an ideal world, everyone's compensation would be a direct reflection of their worth. The challenge comes in that staff doesn't always see the entire picture so that X may be paid more than their peceived output but their strategic value to the organization (relationships, experience) may warrant the outsized pay day.

May. 03 2010 11:02 AM
Kelly from New Jersey

NO WAY! My younger told close family and friends his salary when he got his first job (about $75K) - all of a sudden he started getting requests for help with various bills and critical car and household repairs. Relationships should be built upon character not the size of your bankroll.

May. 03 2010 10:42 AM

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