I watched Show me your Money with interest last night and it raised the question, would you share your salary with your colleagues.
When I worked for a large supermarket chain, the payscale was very transparent. If you worked on the shop floor you got x, if you worked on the checkouts you got y and if you worked in a highly skilled area you got z an so on.
It was the same with the managers too, although I’m not sure about senior management.
When I left to join an Investment bank, I discovered the world of not discussing wages, although some of us did (carefully).
I remember talking to my new colleague and been completely surprised that I’d been taken on more than she was currently getting, even though she had two years experience and I had none!
A year or so down the line I was a supervisor doing interviews for new team members and was horrified that the new recruit was taken on on a substantial amount of more money than I was on even though I now managed my team.
Could I complain about it – no!! Because we “weren’t supposed to know”! There was also a lot of difference to what our colleagues were earning in London to what we were when the cost of living isn’t actually much different!
So, would revealing your salary cause problems where you work?
I was shocked last night that two people who did exactly the same role had a £9K difference in their wages, which was hugely unfair, although we didn’t hear the background behind it.
I strongly believe that there should be a uniform wage for each role and then maybe a bonus structure to reward performance, but would this work in the real world? What about length of service, previous experience and transferable skills?
It’s a real minefield!
What do you think?