They spoke yesterday on FOX about this move to have all companies divulge everybody’s salary.
From the linked article:
“Those supportive of disclosing individuals’ compensation data put forth several arguments. Individual pay transparency would eliminate a source of distraction (Srishti Mehra) and “would do more to eliminate gender and racial pay inequity than any other action,” according to Miki Saxon. Will Quandt added that “the practice of having an open book of compensation data … could lead to a different method in solving certain situations such as pay discrepancy …” As Ali put it, “Why companies find it so difficult to talk salary when our government is so open on what each employee is paid is baffling. The experiment with open salaries has been tried and it works.”
On the other hand, Kamal Gupta cited problems regarding pay transparency in observing that, “Indian law had mandated public sharing of employee compensation for all those drawing above a certain limit… employees resented this (the old saying, never ask a man what he is earning …). It also made poaching easy.” Arun expressed fears that, “people will begin to judge one another by their compensation instead of the value they bring to the company.” (Z: a rubbish excuse, in my opinion, since IF someone brings extraordinary value to a company they ought to be compensated more)
Chakraborty went on to suggest that “every organization may like to work out the value of transparency in its own case and determine where to draw the line.””
I think it’s a mistake for private companies to have to tell all salaries. If they want to, let them.
WHAT DO YOU THINK?