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Sunday, April 5, 2009
In response to Jean's comment about pay secrecy...
The current public debates we are now having about CEO pay is an example of the problem (at least in part) that stems from pay secrecy. Most people (inside or outside the organization) don’t know what CEO’s “earn.” Secrecy (real or perceived) frustrates employees and because it is secret, they cannot address it. That’s not good for workers or the organization. Secrecy leads to suspicion. Sometimes the suspicion is warranted – because a worker may not be entitled to his/her salary. Or, it may involve discriminatory practices by the organization. This certainly has been the case in the past regarding salaries between men and women. But once the secrets are out, the system has a chance to adjust itself. People can openly discuss and negotiate salaries – and things can become fairer as a result. I think that’s better for everyone. I think that minimally pay should be open to those within the organization – at all levels.
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