Thank you so much for the mention, Anton! I appreciate it.
Great article! As someone who had to learn it by myself, I know it can be an overwhelming topic.
I see three factors that make the situation worse:
1. overall taboo around talking about compensation
2. companies not investing in the education of their employees
3. generally insufficient financial literacy in the society
But since employees negotiate the compensation package before they start in the company, they shouldn't rely on point 2 but educate themself as much as possible upfront.
I agree about your 3 points, and I think the only one we as managers can control is #2. We should try as hard as we can to make the process and possible outcomes transparent to our employees.
Thank you so much for the mention, Anton! I appreciate it.
Great article! As someone who had to learn it by myself, I know it can be an overwhelming topic.
I see three factors that make the situation worse:
1. overall taboo around talking about compensation
2. companies not investing in the education of their employees
3. generally insufficient financial literacy in the society
But since employees negotiate the compensation package before they start in the company, they shouldn't rely on point 2 but educate themself as much as possible upfront.
I agree about your 3 points, and I think the only one we as managers can control is #2. We should try as hard as we can to make the process and possible outcomes transparent to our employees.
Great post. In my first job, when I handed my resignation, my manager suggested to wait for a week because my stock was vesting.
It was for a start up but that simple wait was all worth it when it went public 3 years later!
I could totally relate, and this truly makes a manager great! I like to talk about it in the care personally dimension of leadership.
Kudos to your manager :)
I agree, those small things can make a huge difference for us.