S2E48: Pay transparency: what to do after finding out a colleague’s salary is higher than yours
Show notes
Would you reveal your salary to your colleagues? What to do if you are underpaid?
In this episode, ST’s own manpower correspondent Sharon Salim talks about navigating conversations around salary transparency and how being too transparent can affect workplace dynamics.
Hosts Kai Wen and Sue-Ann discuss transparency being crucial to benchmarking against peers in the same industry, and whether firms discourage employees from salary transparency to maintain an advantage in salary negotiations.
Highlights (click/tap above):
0:00: Intro
3:55 Utilising salary guides & public sector disparity
7:58 The impact on workplace dynamics
11:52 Downsides of transparency
15:34 Job interviews to check “market rate”
19:59 Is sharing your salary against rules
23:29 Negotiating a pay raise
27:42 Track your monthly career milestones
Follow See Kai Wen on LinkedIn: https://str.sg/qfwqQ
Follow Sue-Ann Tan on LinkedIn: https://str.sg/A86X
Read Sue-Ann Tan's articles: https://str.sg/mvSa
Hosts: See Kai Wen ([email protected]) and Sue-Ann Tan ([email protected])
Produced & edited by: Eden Soh, Fa’izah Sani and Amirul Karim
Executive producer: Elizabeth Law
Follow the Headstart On Record Podcast here:
Channel: https://str.sg/wB2m
Apple Podcasts: https://str.sg/wuN3
Spotify: https://str.sg/wBr9
Feedback to: [email protected]
Get business/career tips in ST's Headstart newsletter: https://str.sg/headstart-nl
---
Follow more ST podcast channels:
All-in-one ST Podcasts channel: https://str.sg/wvz7
Get more updates: http://str.sg/stpodcasts
Watch Headstart On Record Podcast on YouTube: https://str.sg/3psqrx
---
Get The Straits Times app, which has a dedicated podcast player section:
The App Store: https://str.sg/icyB
Google Play: https://str.sg/icyX
---
Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.
---
#headstart
See omnystudio.com/listener for privacy information.
Chapters (8)