[Post 478] Why are salaries kept secret?

Summary

Wage transparency is all the rage on TikTok, where people talk about how much they earn. But for most of us, discussing salary publicly is still taboo. How do bosses decide who gets a higher salary, especially when two people are doing the same job? Skills, impact and size of company are some key factors, says Lionel Low, senior client solutions principal of ASEAN at Mercer. He explains all there is to know about rewards and renumeration.