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Anonymous member


Career development 1mo
I recently started working at a bank branch and I'm surprised that everyone knows everyone else's salary. People talk about it openly, even before a new employee starts.
On my first day, at least two coworkers told me that I was too young to be earning that much and that I didn't deserve it.
Now we're getting a new employee, and everyone is talking about how much she'll be paid. The branch manager is actually the one sharing this information. Is this normal or professional? Should I report it to head office or the compliance/security department? It doesn't seem right that employees' salary information is being shared so openly. Thanks

2   

  • ademola okutubo

    1mo
    Best answer

    In reality, salary or wages are not secret and you ought to know how much your colleagues, bosses and surbordiates earn....it is part of internal KYC... ...while it has its pros and cons but you have to accept that reality if you work in a bank or financial institution. The atttitude of your coleagues needs to be addressed.....as bankers you ought to learn how to manage information and must have signed employee indemnity agreement . While it is common for discussion about salary to come up in workplace be it bank or anywhere they are not to judge who merit such salary . most times it is old and disgruntled employees that sounds like that. less more

    4

  • PETER TUMUSIIME

    1mo

    Think of Government employees whose salary is put on the openly on the notice boards for everyone to see, study and evaluate

  • jasper mutiso

    1mo

    Many human resources experts and labor advocates argue that pay transparency is right because it closes gender pay gaps, promotes meritocracy, and... stops employers from taking advantage of job seekers. However, openly disclosing specific pay figures can also lead to resentment, hostility, and privacy concerns if peers doing similar roles are paid differently based on experience or negotiation more

    2

  • masendi patrick

    1mo

    I like that everyone knows the figures such that if you don't put in the work I can tell you off to work because you are earning x amount

  • Twenty One Pilots management

    1mo

    If you're interested in joining our team, you're welcome to apply for a position of your choice within the band management team. We'd be delighted to... review your application and explore the opportunity to work together. We look forward to hearing from you! more

    -1

  • Beth Dombach

    1mo

    While there is nothing wrong with, and even some benefits in, everyone knowing each other’s salaries, it is not professional for the manager to be... sharing individual salary information. If the branch manager is trying to promote transparency about salaries they should share with employees and potential employees the pay scale used to determine salaries rather than specific individual salaries or pay information. If there is a Human Resources contact you can reach out to I would recommend you express your concerns about the way salaries are being discussed to them. more

  • Anthony Wambua

    1mo

    I look at it both ways - 1) Assuming there is a standardized open pay scale that takes away secrecy and discretionary raises/allowances, then there is... nothing to worry about; it's an HR issue. 2) If there isn't a standardized pay scale, then the manager is totally out of order in all ways. He is not fit for HR matters.  more

    1

  • Andreja Jurkovic

    1mo

    That is not professional behavior of Branch manager. I will assume that he/she will turn people on each other or doing already.

  • ademola okutubo

    1mo

    In reality, salary or wages are not secret and you ought to know how much your colleagues, bosses and surbordiates earn....it is part of internal KYC... ...while it has its pros and cons but you have to accept that reality if you work in a bank or financial institution. The atttitude of your coleagues needs to be addressed.....as bankers you ought to learn how to manage information and must have signed employee indemnity agreement . While it is common for discussion about salary to come up in workplace be it bank or anywhere they are not to judge who merit such salary . most times it is old and disgruntled employees that sounds like that. less more

    4

  • Dmitri Hubbard

    1mo

    Wow unimaginable and very unprofessional to say the least.

    1

  • Charles French

    1mo

    There should be transparency, only reason there wasn't is because upper managment and above was either practicing some discrermenatory way of paying... people less for the same job based off whatever they chose and/or that is how they keep their bonuses fat. It's an old trick and the trick of people deeply steeped in a non equitable mindset.  more