Why bosses should reveal their pay
The knowledge is likely to make your staff more productive, according to research by UCLA’s Ricardo Perez-Truglia and Harvard’s Zo? Cullen. In a study of 2,060 workers at a bank in Asia, employees who discovered that their managers’ salaries were higher than they thought spent more time at work and increased their sales. Rather than discouraging workers — which often happens when you discover your colleagues’ pay — the transparency gave workers reason to seek a promotion.