More employees are comparing notes and dishing on their pay
Share Now on:
According to a report by global staffing firm Robert Half, 73% of workers surveyed have checked their salary against market rates within the last year, using online databases, salary guides and the like. Two years ago, just over half of workers had done so. And 54% of workers surveyed have compared their salaries, benefits and perks with co-workers.
Younger workers (aged 18 to 34) were the most likely to compare notes on their pay, said senior executive director Paul McDonald. “They’re used to sharing information more freely on social media,” he said. But, he added: “We highly advise against comparing with your colleagues. It is bad for morale if you find out that maybe you’re under-compensated.” Rather, he advises that workers use publicly available comparative job-market data to assess their current compensation and press for higher pay.
The survey found that 46% of employees surveyed feel they are underpaid. Women are more likely than men to think that — by 50 percent to 41 percent.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.