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Gen Z Is Breaking the Rules When It Comes to Salaries

Gen Z Is Breaking the Rules When It Comes to Salaries

Summary

A new survey shows that members of Generation Z are more open to talking about their salaries compared to older generations. The survey also indicates that there is a push for more salary transparency in the workplace, with new laws in several U.S. states requiring employers to include salary ranges in job postings.

Key Facts

  • A survey by Kickresume found only 31% of employees say salary is openly discussed at work.
  • Nearly 40% of Gen Z say salary discussions happen at their workplaces, compared to 22% of Gen X.
  • 18% of Gen Z have talked about salary even when not allowed, while 1 in 3 Gen X prefer not to discuss pay.
  • Gen Z employees often avoid job applications if salary details are not transparent.
  • About 46% of employees support open salary policies; this number rises to 49% among Gen Z.
  • New laws in states like Massachusetts require companies to list salary ranges in job postings.
  • The Equal Pay Act of 1963 and new transparency laws protect employees' rights to discuss wages.
  • Gen Z values transparency, influenced by growing up with open sources of information.

Source Information