Here’s an extract from the talk:  ,
Tiffany Ang:
At the job interview, why is it that when some applicants ask HR or the hiring manager,” What is the salary band for my job”? Firms are unwilling to share that information, and you only become aware of it when you begin your career.  ,
Lionel Low:
To be frank with you, in a lot of companies, employees do n’t even know the salary ranges after they join the company. Generally, it’s made known to their supervisors, but not the people themselves. However, I believe your concern about pay transparency is still relevant, and there are a few causes why businesses do n’t typically make pay ranges public to employees.  ,
First, it’s dynamic understanding. If your company knows how many you’re paying, it’s very easy for them to come to their control and express and support a higher selection, for example, and that creates an outwards spiral in the market, which is not very good.  ,
The next point is that people being people, often we are no easily satisfied. And there are studies that indicate that the majority of people believe they are above regular in efficiency. However, we all know that the majority of people’s lives are defined by where the average is anyhow. If everyone thinks that they are above ordinary, really they are common. But most folks tend to have a very great impact of their own abilities, get it, rightly or wrongly.  ,