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Ask Slashdot: Should You Tell Your Coworkers How Much You Make?
An anonymous reader writes: Asking someone how much money they make is often -- if not always? -- considered impolite. But over the years, there has been a movement in toward more salary transparency. Some say salary transparency can make workplaces more equitable by helping to eliminate the gender and racial pay gaps. Even in companies that haven't decided to officially make all salaries open, some employees are taking matters into their own hands and sharing their pay rate with their coworkers. What's your take on this?
$125/hr - was my last billing rate before I retired at age 42. I was a consultant, paid hourly and was taking about 8 weeks off a year.
I always billed for every hour, period. The client sent me to a conference and I billed 8 hrs a day. The flights back home, the client's policies prevented me taking a 1st class seat which cost less than a coach seat and had better connections. I billed 16 hrs that day when I could have been home in 6 hrs had the 1st class seat been approved ... on a commuter jet.
I got a new boss, who tried to suggest that I should only bill 40 hrs a week but work more to be a "team player." I pointed out that he was asking me to violate US labor laws. Seems he'd asked all the other contractors in the group the same thing. I was limited to 40 hours, which suited me fine.
My first "real" job paid $3.35/hr ... washing dishes at Big Boy. I got fired.
My first salaried job paid just under $30K/yr - about $14/hr - but it was common to work 60+ hrs/week, which dropped the hourly average pay drastically. I ran the numbers and promised I'd try to minimize "exempt employee abuse" the rest of my career.
Worked at a 100 person company in the late 1990s. Found a spreadsheet with all the salaries, bonuses and stock option grants for everyone in the company. I copied the file off and took it home - studied it. It was very fair. I wasn't "highly compensated" at the time, but managed a small team of software developers. The option grants made perfect sense based on who not only worked the hardest, but who provided real results for the company. A few of my team had 3x more options than I did. They deserved it. I was paid more - not too much more, but more. The company hired a new President who was given options - like 40x more than I had. His prior track record was impressive, but he failed completely at our company. He left after about 11 months, 13 months before any options vested. The sales team had terrible salaries, but huge bonuses and some added options when they made a sizeable sale. About half the sales team made huge money yearly. The other half earned below the poverty line. Marketing guys would ruin my team's schedules, holidays, vacations constantly. The sales guys were always fairly demanding when at a client location, with good reason.
Oh ... and I've never lived in NYC or anywhere in California.