Polls / April 20, 2010

Do you know how much your work colleagues earn ?

Only 35% of respondents to the latest eZonomics online poll know how much their workmates earn, while it is a mystery to 56%. Of the remainder, 5% don't work and 5% are self employed.

Knowledge is power - find out how much you can earn
Finding out how much your work colleagues earn can be interesting - and the information can also be valuable. As they say, knowledge is power, and the information could help in wage negotiations with employers. Try to find out if you are underpaid, overpaid or on par with your colleagues - and how the package compares with people doing similar jobs for other employers. If colleagues don't share the details, look at job ads to get an indication of fair pay or log on to a pay comparison website, such as PayScale from the United States. When comparing pay packets, don't forget to include all elements of pay. Employer pension contributions, leave allowances and medical insurance, for example, can add up.

Caring and sharing can be good for you
Sharing salary details is a sensitive issue. Studies have shown, however, that talking about money with loved ones and being honest in your private life about finances is important for the health of relationships.

SpendingPay

eZonomics team
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