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Demystifying Salary Secrecy: Is It A Good Thing?

Recovering lawyer Marci Alboher is a writer — or, as Alboher likes to say, “a slash” (an “author / journalist / speaker”) — who pens a New York Times blog called Shifting Careers. The blog “looks at new ways of custom-blending careers, and shares tips for doing it better.”

Her latest post, Demystifying Salary Secrecy, may be of interest to ATL readers. She writes:

A few months ago, I went to hear Gloria Steinem speak. She said many memorable things, including this: If women were more willing to reveal their salaries to one another, they would make strides in eliminating the gender gap in wages. I think that’s true for all of us interested in boosting our earning potential. Of course, we all know what we’re worth to our employers or our investors by the amounts written on the checks they issue. But how many of us know what we are worth relative to others in the same or similar positions to us?

Well, a lot of us, at least in Biglaw (and at least in terms of associates; compensation for counsel and partners is somewhat less transparent; but even they have the American Lawyer PPP data).

In a reader poll earlier this year, about a quarter of you declared that openly discussing salary is “tres tacky,” while a majority described it as “a necessary evil.” That seems to be where the column comes down:

I used to be tight-lipped about what I was making with other freelancers. But I am increasingly willing to share more information with selected colleagues because I realize it is the only way of figuring out whether I’m fairly compensated.

Transparency isn’t so revolutionary in certain contexts. Those who work for the government are used to it, as are many unionized employees.

I’d like to hear from people who work in environments where all salaries are made public. How do you feel about that transparency?

So, readers, any thoughts? We’re guessing that most of you belong to the “transparency is good” school of thought. But if you have contrary (or additional) views to share, please do.

Demystifying Salary Secrecy [Shifting Careers / New York Times]

Earlier: Associate Bonus Watch: Sullivan & Cromwell’s Super-Special Bonuses (And a digression on open discussion of salaries.)

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