Personal Finance
Gen Zs Are Sharing Their Pay With Colleagues. Should You Do the Same?
By Seedly  •  June 1, 2022
In Singapore, discussing our pay or salary information with our colleagues is still considered taboo. Some of us cite fears of colleagues becoming jealous if we have higher pay, Or being disgruntled when we don’t make as much as our peers do. Source: Giphy Despite that, young millennials and Gen Zs are shaking things up at the workplace when it comes to pay transparency. According to a survey by Bankrate, 42% of Gen Z workers, ages 18 to 25, and 40% of millennial employees, ages 26 to 41, have shared their salary information with a colleague or a professional contact. Source: Bankrate Why is that? Read on to find out! Is Discussing Salary Illegal in Singapore? Before we explore why pay transparency is gaining so much traction among younger workers, let’s address the elephant in the room: the legality of salary discussions. Discussing our salaries...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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