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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: 3, Insightful) by hopdevil on Thursday March 06 2014, @10:20PM
Despite all common sense, it's better to maximize performance/profits from your employees without regard to their happiness. In fact it could easily be argued that not paying your employees well is best for the company. Exploiting people (workers) is what this game is all about.
(Score: 3, Insightful) by germanbird on Thursday March 06 2014, @10:57PM
True, but that is a fine line to walk. Keep your salaries too low and your employees will quickly look for jobs elsewhere. Also, I am much more likely to go above and beyond for an employer that is going above and beyond for me. So I believe, in some ways, taking care of your employees is taking care of the company.
(Score: 3, Insightful) by Nerdfest on Friday March 07 2014, @01:05AM
It sounds like he's describing the current short-term "MBA driven" approach.
(Score: 3, Insightful) by mojo chan on Friday March 07 2014, @12:07PM
Japan has the largest number of long running companies (75+ years) in the world. That includes both large and small companies. They treat their employees very well. Western investors often undervalue them due to high wage costs and staff benefits, but Japanese companies count people as an asset.
If a company wants to be around in 50 years time it should value its employees. If the CEO just wants to get rich quick and then get out exploitation is the name of the game. From an employee's point of view a company that treats them badly is likely to fail anyway, so might as well look for something better right away.
const int one = 65536; (Silvermoon, Texture.cs)