Millennials are breaking the one big salary taboo — here are 5 reasons why
Ask a baby boomer about their salary, and you'll probably get a dirty look. But ask someone in their 20s or 30s, and the response might be different.
According to a survey conducted by The Cashlorette, a personal finance site run by Bankrate, people 18 to 36 years old are far more comfortable discussing their salaries with coworkers, friends, and family than workers in older generations.
The survey found 30% of millennials feel comfortable discussing pay with their coworkers; meanwhile, just 8% of those aged 53 to 71 felt the same. Millennials also discussed pay more with their family and friends.
The reason for this involves a number of factors, including personal values and the economy. Here are a handful to consider.
Millennials value equality and fairness.
When it comes to defining diversity and inclusion at work, the generation gap between boomers, gen-Xers, and millennials is more like a growing trench, according to a new study from Deloitte and the Billie Jean King Leadership Initiative
The report shows that overall, millennials see the two concepts through a completely different lens. It analyzed the responses of 3,726 individuals from a variety of backgrounds, with representation across gender, race/ethnicity, generation, sexual orientation, national status, veteran status, disabilities, level within an organization, and tenure with an organization. They were asked 62 questions about diversity and inclusion that offered up a snapshot of shifting generational mindsets.
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