Younger employees breaking long-standing workplace taboo and share salaries
Many consider it taboo to tell your co-workers how much money you make. Yet, a recent nationwide survey by financial company, Bankrate, shows the outlook on a longstanding workplace tradition may be starting to change.
Survey results show almost 42% of Gen Z workers (ages 18-25) and 40% of Millennials (ages 26-41) have shared their salary information with a coworker or another professional contact compared to 31% of Gen Xers (ages 42-57) and 19% of Baby Boomers (ages 58-76).
Mykail James, a program planner, and scheduler in the defense industry openly posts on TikTok about budgeting and salary transparency.
The 26-year-old shares her base salary is about $90,000 a year and in some of her TikTok messages, she even goes so far as to teach others how to break into her industry.
"When people don't know how much you're being paid, you can't honestly fight for fair payment," said James.
"Salary transparency doesn't only mean that I'm going to ask for more. It's understanding how I can negotiate that for more," she added.