Business News: According to LinkedIn reports, 61% of working people are comfortable sharing their work details and pay scales with their family members rather than co-workers or friends. It’s only just 1 in 10 people will discuss their salaries with the co-workers whom they trust (13%) and some peers they trust in other companies (9%).
According to further LinkedIn reports, the Workforce Confidence Index, India’s overall workforce confidence has been reduced a bit, and this is due to a volatile perception towards jobs, career progress, and finances in these times of global uncertainty.
Indian Managing Editor LinkedIn News, Nirajita Banerjee, says 7 in 10 professionals says they are more confident about reaching the next level in their related field, their work experience, and education, and chances of their income increases, but they are still not comfortable having some conversations about pay in the workplace.
But the young youths or current generations are willing to share their pay scales with their coworkers and Industry Peers as compared to other generations. In fact, current generations are found the most likely to share their pay scales in their network and don’t shy to share among others of any age group as well. Almost 72 % of Gen Z and 64% of millennials in India say that they are comfortable sharing their payment information with family members, while 43% of Gen Z and 30% of millennials are also willing to share their information with their close friends.
According to the survey, 45% of people in India say that, if they would be having pay scales discussions with their colleagues or others are discouraged at their workplace, while 36% say that they feel anxious sharing their payment information with anyone.
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