A report from LinkedIn indicates that young people are more willing to discuss salary information with peers than older generations.
We’ve all been subject to a money conversation at least once in our lifetimes.
Whether it’s a discussion on bonuses or a heated debate over minimum wage, everyone is affected by cash and economics one way or another.
Our salaries are a deeply personal societal taboo, historically treated with secrecy and discomfort by older peers and millennial workforces.
That may be changing, however. A report by LinkedIn’s Workforce Confidence Index has found that young people are more likely to be transparent with friends and co-workers about how much money they earn compared to older employees.
In fact, 81% of Gen Z respondents to the survey said they see honesty as being good for pay equality, while only 27% of Boomers agreed. 35% of Gen Zers were willing to share pay information to anyone who asked, while only 4% of Boomers would do the same.
9% of Boomers would share their salary information with co-workers, compared to almost a third of Generation Z. By comparison, 24% of Millennials and 17% of Gen X said the same, making young people most likely to be open with their colleagues.
Allwork pointed out that a study from Deloitte recently found Gen Z to value their salary less than every other generation, indicating that money may not be as huge of a motivator for young employees. It may also show that self-identity isn’t as intrinsically tied to earnings as it has been in the past.