Re: [MTC Global] [Weekend Big Debate-I] Do you support SalaryTransparency ?

Dear Sir,

The salary details of all the employees are very much known to one and all. in the organisation, because the data travels through relevant departments.

before the concerned employee knows about his/her hike in the  pay scales/structures, other employees know about it.  it is because through  the concerned departments   which are  receiving the information, the  in-charge of it, say personnel, HR or administration or tax department, or accounts section or the pay roll clerks and checkers, the cashier, (and ultimately the banker)

In colleges, nowhere the secrecy is maintained.

At one point of time, UGC  asks for it and subsequently the AICTE in the name of inspection, followed concerned University inspections time and again..

salary details are very well to  one and all. Nobody worries about it too in colleges, to make or keep it as confidential.

But the top boss may not be aware of the same. 

.     

On Sun, Jul 12, 2015 at 3:45 AM, Dr R P Singh <rpsingh55@hotmail.com> wrote:

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In today's situation, in most private sector organisations, salary has become private and confidential and in many cases , even immediate bosses may not be aware of compensation of their subordinates.

Bosses are asked to give performance rating to their subordinates based on achievement of KRA's. However, final increment will depend upon appraisee manager's performance rating, competencies, market value  and potential to shoulder higher responsibilities.

It is generally decided by Corporate HR /   top management at corporate levels.

We find that old system of transparency in salary and  increments, like in govt. /  public sector, has been replaced by confidential and variable pay and increments in most private sector organisations today.

When range of  variability is large and market demand driven,  complete confidentiality has  better chances of reducing the feeling of envy and  discomfort among most employees, if implemented properly through structured transparent system of performance evaluation based on predefined measurement standards.

Regards,

Dr R P Singh

Sent from my Cyanogen phone

On 11 Jul 2015 16:44, "Prof. Bholanath Dutta" <bnath.dutta@gmail.com> wrote:

Undercurrent - a US based consultancy firm and Buffer-a social media management tool company making the news by encouraging the employees to make their salary public [ish].

IS there anything wrong ? If the company is professional and salary is linked with the performance.

Do you agree that such transparency is good for the health of the organisation [or individual] ?

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