Millennials & Money
Millennials Share Salary Secrets
Yet, another sign our world remains in a constant state of flux!
When I entered the workforce, with few exceptions, no one talked salary. Before you were hired, someone explained your starting pay, which I remember as being way too low. And once a year, usually at the end of a performance review, your boss promised that your salary would increase . . . by some terribly small amount. You constantly wondered, completely in silence, whether your peers made more than you did for the same or less work.
For younger employees now starting work, that’s not so much the case. Whether they are summer associates, paid interns or new hires, today’s Millennial employees expect to know whether they’ve settled for an appropriate rate of pay.
At least that’s the conclusion of Wall Street Journal reporters, Lauren Weber and Rachel Emma Silverman, who recently authored, “Workers Share Their Salary Secrets.” To read the entire story, click this link: http://online.wsj.com/article/SB10001424127887324345804578426744168583824.html
“Accustomed to documenting their lives in real time on social-media forums like Facebook and Twitter, they are bringing their embrace of self-disclosure into the office with them. And they’re using this information to negotiate raises at their current employer or higher salaries when moving to a new job,” according to Weber and Silverman.
Check back to learn how to conduct one of those conversations about money.
What Do You Need to Know?
Millennials feel comfortable sharing salary information with their peers and using that information in salary negotiations.
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