At many companies, discussing salaries is considered a taboo that’s kept to whispered conversations around the water cooler or brief mentions at after-work drinks. But, according to a new study, a lack of pay transparency among peers in the workplace might be damaging employee morale.

The study, authored by a group of cross-institutional business and finance professors and published in the Social Science Research Network, examined Glassdoor employee ratings of compensation satisfaction at more than 1,300 publicly traded firms. The researchers compared these ratings from before and after a 2018 Securities and Exchange Commission (SEC) mandate, which required that companies disclose the CEO pay ratio—a metric that compares CEO pay to that of the median employee. Prior to this mandate, emplo

See Full Page