Salary$hare - How do you compare against your co-workers and friends?
salaryshare.me
salaryshare.me
1st Q: 62K
2nd Q: 92K
3rd Q: 120K
Mean: 99.8K.
I'm making the assumption that numbers outside my specified range are outliers, unemployed, or a joke.I'd say that's probably going to be false for approximately n-1 participants. :)
Too bad everyone who ranks highly at your company is severely overpaid and dreadfully scared of their competency being questioned in an open and quantitative manner...
Anyone at the high end will see the numbers and say "Well, I'm worth it." No win, no loss.
Anyone at the low end will see the numbers and be really angry about being underpaid. Negative impact.
On net: not worth it.
Here in NZ a lot of professional contracts have a 'no salary disclosure clause' that prevents you from discussing your salary with coworkers.
We've generally worked around it by using things like tax and student loan deduction rates to work backwards. Against the spirit of the clause but nicely works around it.
On the other hand, we could just start a union...
There is a challenge to 'open' salary information (which professional players get a pass on) which is that typically the interest is in the comparing. Do I make more or less than average? Than Bob? Than the President of the US? And yet the underlying jobs are rarely matched.
The common case is that someone who you think is a complete waste of oxygen is making more money than you. Does that make you feel motivated? Can you step outside your complexes of self evaluation to listen to your manager explain why they are in fact worth more to the company than you are?
The only successful way to play this game is decide for yourself how much compensation you require in order to work at the job you are working at. If it isn't enough, then quit, if it is more than enough, enjoy it, and if it is merely sufficient then don't sweat it.
That said, this is more a cultural issue-in some other countries, asking "How much do you make?" is just part of polite conversation, not a major taboo like it is in the US.