Discussing salary with your colleagues has been taboo for a long time. One employment expert even calls it one of the “most subversive acts” a worker can do.
Unfortunately, this aversion to talk about salary openly causes many people to lose out on wages they deserve, as companies end up allocating resources wrongly.
So would an open salary culture, where employers and employees share about their salary packages openly with others, turn things around?
Does an open salary culture exist in Singapore?
Yes it does, but mostly in Singapore’s public sector, which has more than 150,000 workers. The sector is transparent about what it pays every worker, from entry-level officers to ministers. The formula for calculating bonuses based on performance is also publicly disclosed....