Would You Share Your Salary With a Friend? Should You?
Good morning, Broadsheet readers! Paid leave for federal employees has a loophole, Sen. Kelly Loeffler encounters a potential conflict of interest, and women are talking about money. Have a wonderful weekend.
- Money talks. Do you get the sense that everyone is talking about their salaries? Writing in the New York Times Style section, Jessica Bennett makes the case that the once-taboo subject has become something of a trending topic among women.
There are lots of good reasons to swap salary info with trusted friends and colleagues, as Bennett lays out: getting a sense of norms in your industry, providing ammunition to push for a raise when review time rolls around, gaining insight into whether (or, let's be real, to what extent) the gender or race pay gap is dragging down your earnings.
But it's not always a simple process. It's illegal for employers to retaliate against employees who share salary info, but that doesn't always stop bosses from doing so. Plus, it's possible to alienate those in your circle who might not feel so ready to open up about their financial lives. Then there's just the overall bummer of learning something unpleasant that you may not be able to immediately change: The NYT cites one academic study that found that learning their co-workers' salaries was likely to make employees miserable.
I'm curious whether any of you are seeing the trend Bennett cites. Are you asking—or being asked—about your compensation? Do you think your age or job level affects how often you have these kinds of conversations (most of the women quoted by the Times are in their 20s or early 30s)? What kinds of experiences have you had when you've talked salaries with friends? If you'd like to share, send me a note—and we may use your response in a future Broadsheet.
Today's Broadsheet was produced by Emma Hinchliffe.
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IN CASE YOU MISSED IT
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