Ep153: MalaysianPayGap banned | The pros & cons of salary transparency pages.
In this episode, Mei Phing discusses the pros and cons of researching salary using pay transparency platforms, emphasizing the importance of context and self-reflection in salary negotiation.
Highlights
0:25 π‘ Pay transparency platforms provide information on salary ranges, helping in salary negotiation.
3:03 π‘ Online platforms may lack context and the full picture of a person’s job responsibilities and qualifications.
6:02 π‘ Comparing salaries can trigger negative emotions, but focusing on self-improvement and learning from others’ success is more beneficial.
Key Insights
π‘ Researching salary online provides a starting point for salary negotiation by providing a rough idea of what others in similar positions are earning.
π‘ Context is crucial when comparing salaries as factors like company size, responsibilities, and expertise can influence pay differences.
π‘ Protecting mental health is important, and if comparing salaries online causes negative emotions, it is best to focus on self-improvement and personal growth.
π‘ Pay transparency platforms are valuable for gaining knowledge, but they should not be the sole basis for determining your worth or negotiating salary.
π‘ Self-reflection and understanding your skills and value in the corporate world are essential for successful salary negotiation.
π‘ Success stories of others making higher salaries should serve as inspiration for self-improvement rather than triggering negative emotions.
π‘ Learning the right career strategies and developing valuable skills are key to increasing your earning potential.
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— Mei Phing