N.b. This was just random employees collecting volunteered information, nothing HR-sanctioned.
Things will never be exactly equal. Why focus time emphasizing the differences?
Why remain ignornant, and potentially lose out on acertaining one's true market value, because it might hurt someone's feelings?
Price discovery via markets can only work with transparency. Opaqueness leads to inefficiencies.
If you're at a crappy company with crappy managers, then yeah maybe you just need to play politics until you're paid enough to justify not quitting. If you have the means to move on from a job you don't like, though, you should probably work toward fixing that regardless of the compensation.
It depends on how much equity. If you have a greater percentage of ownership than you do of total salary, that makes sense. (Unless it's publicly traded, because then you can buy more stock with the more money.) But that seems unlikely most of the time. So, yes, it's better for founders or major shareholders.
I don't follow that asking for more money is "playing politics"
If your compensation doesn't accurately reflect your merit to the company, then it instead reflects arbitrary social power dynamics. If you stick around somewhere that you believe is taking advantage of you, and try to up your pay through leverage or non-merit based arguments, then that definitely seems like politics to me.
Just asking for money if you think you deserve it isn't inherently politics, though. If you're genuinely being underpaid and think the company is dropping the ball but acting in good faith, then having an honest conversation with your manager is healthy, and should result in the situation being resolved favorably.
If you accept a job, wait a year, then start interviewing at least one interview every 6 months. You'll improve your interviewing skills and learn your market value.
What your coworkers make at your current job is not a strong indicator of your market value. What actual employers are willing to pay you is much better data.
Don't forget, a huge component in salaries is social skills.
And if it so happens that you earn less as a result of gaps in your skills, you should own it and work on yourself.
This line of thinking leads to interesting conclusions:
- people will never live forever, why heal them
- discrimination will always exist, why fighting it
- efficiency will never be 100%, why improve it
- universe will end with heat death, why do anything at all
> Recent years have also brought more clarity around best practice on transparency: many workers favour a non-specific kind of salary disclosure where firms reveal ranges, averages and information about wage gaps rather than individual data.
The branch of this problem tree I speak of intersects more like "OK the band for level 3 is 50k-60k USD. Mark makes 60k and I make 50k but I feel my work is better than his and I've been here longer." This article is mostly about individual sharing, I think that quoted part is a nod in context to the other branch of the problem root which is just as important in it's own way. Not the best at making up examples, sorry.
Seems like it at least gives you some metrics to compare to rather than just favoritism.
I would have thought that the desire to know if you're being treated fairly is universal. You really wouldn't mind making a fraction of what your coworkers make?