From the course: Make the Move from Individual Contributor to Manager
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Talking about money
From the course: Make the Move from Individual Contributor to Manager
Talking about money
- My friend, Corrine called one afternoon. Our dogs played together regularly, and she had to tell me her dog developed a contagious case of mouth warts. My dog had been exposed, so I needed to keep an eye on her. Nothing serious, but Corrine was really embarrassed and the conversation was awkward. As we hung up, she said, "Well, at least we didn't have "to talk about money. "That would have been the worst." Talking about money is really hard for a lot of us. Some companies even forbid employees to talk about compensation with coworkers, so the subject's truly taboo. But now you're a manager, and conversation about employees' salaries are part of your job. So let's figure out how you can become more comfortable. Start by understanding your company's compensation system. How are salaries determined? What do employees do to earn a raise or a bonus? If your company uses salary ranges, what are the high and low points for…
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