Your Boss Can Talk You Into Loving Your Salary
Underpaid employees feel better about their compensation when their bosses talk to them about it.
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All workers think they should be getting paid more—that's nothing new. But two recent reports suggest employers may not have to compensate their workers well to keep them happy.
A survey of 71,000 employees in the U.S. by PayScale, a website that tracks salaries, showed that employees who were underpaid—that is, paid less than the market rate for their position—were more satisfied with their work when their company was transparent about compensation. The percentage of underpaid employees who were satisfied with their compensation jumped to 82 percent from 40 percent when a manager simply sat down and discussed their pay.