Salary Transparency - Why Talking About Earnings Can Help Women

Should you ever talk to co-workers about what you earn? Or discuss it privately with friends? That subject is pretty much taboo in the workplace, yet one woman's experiences led her to opt for complete salary transparency when she formed her own company.

The story of Ann Price, told at PINK magazine, is something many women can relate to. A male employee whom she'd outperformed and who she now supervised was making more money than she was. She found this out when he asked her for a raise and revealed his salary. She, in turn, talked to her supervisor, who explained why she was being paid less. She later got a raise which still left her making less than him:

"Finally, I said, 'But I thought we lived in a country where equal pay for equal work was the law?'" Price recalls. "So wouldn't that entitle me to equal pay regardless of my background?"

The rest of Price's tale, including how her decision to implement salary transparency in her own workplace took her company from almost broke to profitability in just one year, is worth a look.