Back to Blogs FAQ Search Today's Posts Mark Forums Read

Go Back   Wise Bread Forums > Finance and Frugality Forum > Personal Finance
Personal Finance
Credit cards, investments, career, consumer affairs, retirement and general financial issues.

Reply
 
Thread Tools Display Modes
Old 01-22-2008, 10:36 PM   #1
Member
 
beren's Avatar
 
Join Date: Dec 2007
Posts: 53
Reputation: beren is on a distinguished road (17)
Default Who do you share your salary information with?

Do you share your salary information with your family, friends or coworkers?

Most employers encourage employees to keep their salary information secret. This is suppose to cut down on jealousy and bickering in the workplace.

But in reality, I think that's just "The Man" trying to keep us down. If we all shared our salary information with each other, we would be in a much stronger bargaining position against the employer.
beren is offline   Reply With Quote
We share ad revenue with members. Learn more.
 
Old 01-23-2008, 04:03 AM   #2
Senior Member
 
Join Date: Dec 2007
Posts: 303
Reputation: Megan will become famous soon enough (59)
Default

I'm a government employee, so if someone knows my grade, they can very easily figure out my salary. It's just kind of a given in this environment. I can't say that it's a good or a bad thing.

I do admit, I feel a bit weird when I go out to lunch with a group of co-workers, knowing that we all make the same amount of money and some of us are single with no kids and some of us are trying to raise a family on that salary. Moments like that make me re-think some of my spending. They seem to be able to do a lot more with their money than I do.
__________________
Counting My Pennies
Megan is offline   Reply With Quote
Old 01-23-2008, 06:19 AM   #3
Wise Bread Blogger
 
Julie Rains's Avatar
 
Join Date: May 2007
Location: North Carolina
Posts: 219
Reputation: Julie Rains will become famous soon enough (61)
Default

Quote:
Originally Posted by beren View Post
Most employers encourage employees to keep their salary information secret. This is suppose to cut down on jealousy and bickering in the workplace.

But in reality, I think that's just "The Man" trying to keep us down. If we all shared our salary information with each other, we would be in a much stronger bargaining position against the employer.
I agree with both statements: it's good to prevent bickering and employers want to hold salaries down.

I knew someone who worked in payroll accounting and got upset when a new hire made more money than she did; on the one hand, the salary difference was inequitable but on the other hand, she didn't see the potential value that the new person brought. She quit her job but took a position that paid less just because she was angry.

Sites like PayScale - Salary Survey, Salaries, Wages, Compensation Information and Analysisand Salary.com Job salaries- Performance reviews- Compensation softwareare handy to see what market rates are without feeling threatened or angered by other's salaries.
Julie Rains is offline   Reply With Quote
Old 01-23-2008, 06:34 AM   #4
Senior Member
 
Join Date: Jan 2008
Posts: 236
Reputation: Gootsy is on a distinguished road (19)
Default

I shared my information with my mom and her husband, my sister, and a couple friends. Not exact, but roughly. Also kinda regret it since, although I asked them to keep it to themselves, I suspect they've told several people.

I haven't told my dad, because he lives far away and I know he wants me to come visit soon. If he were to know how much I'm making, it might make him angry heh.
Gootsy is online now   Reply With Quote
Old 01-23-2008, 07:34 AM   #5
Senior Member
 
rstlne's Avatar
 
Join Date: Jan 2008
Location: New Jersey
Posts: 361
Reputation: rstlne will become famous soon enoughrstlne will become famous soon enough (115)
Default

I haven't shared that information with anyone other than the IRS. However, I don't think it's so relevant any more. A significant part of my income is not from my job.
rstlne is offline   Reply With Quote
Old 01-23-2008, 08:10 AM   #6
Senior Member
 
kav122's Avatar
 
Join Date: Dec 2007
Location: Minneapolis, MN
Posts: 434
Reputation: kav122 has a spectacular aura aboutkav122 has a spectacular aura about (181)
Default

I share with my mom and husband and that's it. I don't want to know. I am in grad school to be a nurse practitioner and work at a hospital doing IT work until I graduate. Not what I would want for a career, but some people in my department are. I figured that I made the least, since the other people have been here MANY more years than me and our company gives a raise every year. However, one time a comment was made about some "poor person probably working a job where they make $XX/hour". And that $XX was MORE THAN I MAKE PER HOUR. That pissed me off that 1. I am obviously making a GREAT amount smaller than the rest of my department. 2. That a remark would even be made like that. 3. That I feel like I work harder than some/most of the others in my department and they are making more than me.

I have to admit, it did make me wonder what exactly the others are making.
kav122 is offline   Reply With Quote
Old 01-23-2008, 09:42 AM   #7
Junior Member
 
Join Date: Jan 2008
Location: Kentucky
Posts: 1
Reputation: KYLydia is on a distinguished road (10)
Send a message via AIM to KYLydia
Default

I can understand the business's rationale. I also sort of have the feeling that what I don't know can't hurt me. I know whether my salary is equitable for my market, field, and position. I don't need additional paycheck-envy directed toward my coworkers.
KYLydia is offline   Reply With Quote
Old 01-23-2008, 10:30 AM   #8
Member
 
Join Date: Jan 2008
Posts: 43
Reputation: farley2k is on a distinguished road (14)
Default

I am a city employee so once a year my salary is listed in the local paper along with everyone else's so I am don't have much reason to keep it from anyone else.
farley2k is offline   Reply With Quote
Old 01-23-2008, 11:45 AM   #9
Member
 
Join Date: Jan 2008
Posts: 45
Reputation: gtwise is on a distinguished road (14)
Default

I generally don't care who knows how much I make, I'm more concerned with finding out what other people at my work make and how it would affect me. I don't tell anyone at work about my salary but I don't mind if my friends or family know about my finances. I'm also not shy about telling people (even at work) that my wife makes more than me, the joint account doesn't care where the money comes from, it spends the same .
gtwise is offline   Reply With Quote
Old 01-23-2008, 08:36 PM   #10
Senior Member
 
alex's Avatar
 
Join Date: Dec 2007
Location: Wilson's basement
Posts: 100
Reputation: alex will become famous soon enough (59)
Default

I used to share it with some coworkers, when we were trying to get raises. And my father used to ask me.

And Greg. He's always asking.
alex is offline   Reply With Quote
We share ad revenue with members. Learn more.
 
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Share one secret about your blog Will Bloggers Corner 15 02-28-2008 08:36 PM
Share your consumer debt success stories! pingem Personal Finance 12 01-18-2008 04:32 PM


All times are GMT -8. The time now is 05:09 PM.


Finance Blogs - Blog Top Sites
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
Ad Management by RedTyger