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 Should colleagues know your salary?

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The working environment can be a fragile thing, and there are so many factors that can impact workplace relationships both positively and negatively. One of the biggest issues that can cause a lot of problems in the workplace is money, specifically, what people earn. This is always viewed as a bit of a taboo subject in the workplace, and not without cause. For one thing, it feels unprofessional to talk about and compare earnings. But, the main thing a lot of people concern themselves with is whether or not it is an issue for colleagues to know their salary.

Of course, the simple answer here is that it largely depends. It depends on the place you work, what your salary is, and what your colleagues are like. However, workplace politics can be problematic, so it is often an issue that a lot of people worry about. Finland is keen to lift the taboo on this wage gap in order to drive greater transparency and close the job wage gap that exists. And this is something that can make a massive difference to the way in which companies across the country are run, as well as how they choose to look after their workers moving forward.


How This Might Work 

The idea that is being floated will see workers able to have access to what their colleagues are earning if they have concerns they might be being overlooked or victimized. The initiative will give salary insight to workers who feel like they might be facing discrimination pay-wise. The hope is that this will ensure a more level playing field in terms of what people are earning and how more companies are paying their workers the money they are entitled to. How quickly or effectively this can be implemented remains to be seen, and it is unclear what businesses might need to do in order to be able to help this work, but there is no question that it can have a major impact on the home moving forward.

 

What Impact Will Transparency Have?

 The real question is the impact this transparency might have, and how it could impact things for businesses in the future. There are a lot of ideas that play a part in this, and people having access to the salary information of colleagues is something that could have both positive and negative implications. Provided colleagues cannot see which of their co-workers specifically are earning what, and are simply just shown the different amounts, this should not present an issue. However, when companies start granting access to private information about individuals, this can be a slippery slope. There will likely need to be consultations with corporate lawyers in order to ensure that there are no issues involved and that no lines have been crossed legally here. The last thing companies want is to be dealing with legal problems and facing a lot of red tape and legal entanglements from other employees.

 

What Workers Think

According to statistics, around 74% of working adults support closing the gender pay gap, and this is something that would certainly help businesses to close the gap and to improve the way they treat the employees. There are a lot of options that would appeal to other nations, for instance, Russia is ranked 81st in the 2021 Global Gender Pay Gap Report, and this is clearly a country that is crying out for greater transparency, and helping to close the pay gap. There is clearly a call for more businesses across the world to try to close the gender pay gap and make sure that female workers are paid the same as their male co-workers. The pay gap has been a long standing issue for a lot of people, and, though there are many complexities that play a role in contributing to this, it is clear that the gender pay gap is an issue that needs to be addressed in business as a whole.

 

Will Other Countries Adopt a Similar Stance?

 Whether other countries will adopt a similar stance or not remains unclear, and this is not even a guarantee at this stage. However, there are a lot of positive aspects to this sort of approach, and it does seem to be something that a lot of people are excited about. A lot of workers are all about equity and equality, and will be looking at some of the best ways of being able to achieve this moving forward. Based on their Global Gender Pay Gap Report ranking, it seems very likely that Russia could try to push for something similar, and it will likely be the case that the United States and the UK would push for something similar as well. If Finland is able to push this through it will set a precedent for the future of business, and will make a huge difference to the way in which companies are run, as well as the way they treat their workers.

 

It Shouldn't Matter

 Whilst people will have obvious reservations about their colleagues knowing their salaries, it is not something that should necessarily matter. In fact, achieving transparency and fairness, along with a meritocratic environment is the most important thing, and this is something that should provide people with the right kind of salaries for them to enjoy equality and close the gender pay gap. Of course, the ideal situation would be one in which companies are fair and transparent with their pay, in which case this would not be an issue in the first instance. However, in the event that this is not the case, taking steps like Finland is choosing to take could work positively towards improving this process as much as possible.

 Closing the gender pay gap is one of the things that businesses need to focus on, and this is so important for the future. If companies are to progress and push equality and fairness, and provide an environment that is meritocratic, then it is important to be able to have a system that is fair with regards to pay.