Recently, a study conducted by Dr. Zoe Cullen from Harvard University and Dr. Ricardo Perez-Truglia from the University of California showed that many people are willing to pay to not tell their colleagues about their salary.
According to a report from the Harvard Business Review, most people estimate the salary of leaders is lower than they actually are, while for the salary of colleagues at the same level, the opposite is true. When these employees know their leader's exact earnings are higher than they think they are, they tend to work harder. However, if they find out that their colleagues have a higher income than they really are, people become more lazy.
This study was conducted with the participation of about 2,000 employees at a large commercial bank in Asia. Through an online survey, researchers asked employees to guess a leader's salary, the more accurately they guessed, the more valuable rewards they would receive.
About half of the employees gave higher and approximate numbers. The other half did not give an exact salary. After conducting this study, the experts analyzed this company's data for the next year on commute time, commute time, email activity, and business results for all employees. participate in the survey.
The results show that, for employees who know their leader has a higher-than-expected salary, they spend 1.5% more working time, send more emails than 1.3%, and have good sales. more than 1.1%. These numbers are even larger if the leaders are close to the level of these employees. Thus, knowing the leader's salary has a positive effect on employee motivation.
However, for employees who learned that their peers were actually earning more than they expected, their time in the office was reduced by 9.4%, emailed 4.3% less, and as a result. business decreased by 7.3%.
A study from 2011 conducted by scientists from the University of California and Princeton University found that employees who found their pay to be low are more likely to want to switch to another job.
Meanwhile, a study done by PayScale found that most people don't know if they are being paid fairly. This study has shown that two-thirds of average wage earners think they are receiving wages below the market average. This study also shows that people often feel more positive at work when the company has a transparent policy on compensation and communicates with employees about this issue frankly. For example, the company can explain to employees why their salary is lower than the average in the market.
Elena Belogolovsky, an assistant professor of human resource studies at Cornell University, says that companies don't necessarily need to give salary information to every employee, but they do need to make information systems more accessible. more transparent. The company needs to provide information to employees about their personal development path and how they can increase their income level.
This study was conducted with the participation of about 2,000 employees at a large commercial bank in Asia. Through an online survey, researchers asked employees to guess a leader's salary, the more accurately they guessed, the more valuable rewards they would receive.
The source: According to Economic Life
