SoylentNews is people
SoylentNews
from the I'll-show-you-mine-if-you-show-me-yours dept.
Detective_Thorn writes:
"In a recent study published by the Academy of Management Journal, Prof. Peter Bamberger of Tel Aviv University's Recanati School of Business and Dr. Elena Belogolovsky of Cornell University's School of Industrial and Labor Relations have published a study that explains why pay secrecy is likely to hurt an individual's work performance and prompt top talent to seek new employment. They conclude that pay secrecy weakens the perception by employees that a performance improvement will be accompanied by a pay increase. It also finds that high-performing workers are more sensitive than others when they perceive no link between performance and pay; suggesting that pay secrecy could limit a company's ability to retain top talent."
So who, if anybody, benefits from pay secrecy?
(Score: 1) by Buck Feta on Thursday March 06 2014, @10:16PM
While this is arguably a viable strategy, it is not the only strategy used by employers. There are many companies which aim to offer top salaries and/or benefits packages in their sector. I offer Starbucks (benefits), Chipotle (internal promotion), and Costco (pay rate) as examples of companies which have consciously chosen this path.
- fractious political commentary goes here -