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Why should you not tell people your income?
“Employers hate it when employees discuss salaries because it exposes discrimination and other unfair pay practices,” she says. “If your employer has a written policy or contract prohibiting salary discussions, you can report them to the National Labor Relations Board.”
Should people know my salary?
Reveal income if your income is equal to the median income of your peer group (industry, level, experience) up to +15\% over. If you are making any more, then it’s probably best not to reveal and speak in generality. Any income below 115\% of the median income of your peer group is fine.
Can my employer stop me talking about my salary?
Legality. Your right to discuss your salary information with your coworkers is protected by the federal government. According to The New York Times, the National Labor Relations Act states that employers can’t ban the discussion of salary and working conditions among employees.
Why you should discuss your salary?
Salary discussions can help you negotiate higher pay. The conversation about pay at a new job is more likely to be based on actual market rates for your role and experience level, rather than what other companies have paid you in the past.
What happens if your salary is too high for a job?
If your salary requirement (or salary history) is too high, employers can screen you out because they don’t want to pay that much, or because they think you won’t be happy working for less money.
What happens if your salary history is lower than your salary?
On the other hand, if your salary requirement (or your salary history) is lower than the company is willing to pay, they may offer you a lower salary than another candidate. To avoid being screened out or offered a low salary, you need to be careful how you describe your salary information.
Should you tell your employer your current or past salary?
If the employer is interested, someone will call to ask for more information. “Then you’re in a dialogue,” Phillips says. At this point, instead of telling the employer your current or past salary, ask what range they expect to pay for the position.
Should you tell people how much money you make?
The people who are most confident have no need to tell anybody how much they make. They don’t need to buy a fancy car to make themselves feel better. They don’t need to incessantly highlight they went to X school and have Y things because their work and success speaks for themselves.