Question: In Chapter 12 we discuss Compensation. Please research the topic of pay secrecy and pay transparency and discuss equity theory from our text and your
In Chapter 12 we discuss Compensation.
Please research the topic of pay secrecy and pay transparency and discuss equity theory from our text and your opinion of this.
Here is text from an article by Howard Risher
There are companies where everyones salary is posted. Whole Foods is often mentioned. It has been true in government for decades, and it is also common in public universities as well in many not-for-profit organizations. Union contracts are another example. Plus of course the compensation of top executives is disclosed annually.
Interestingly, professional athletes and entertainers appear to be completely comfortable with the disclosure of their compensation. It is also common on Wall Street for the big producers to discuss and compare bonuses with colleagues. The best performers seem to see their compensation as proof of ability. All of this leads me to believe pay confidentiality will be impossible to maintain. The pressure is likely to increase as young employees enter the workforce in greater numbers. HR offices need to prepare for what will almost certainly emerge.
Please answer the following question and support your answer with research.
Should companies post salary information for employees to see the salaries of all employees?
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