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 💡 Pay transparency platforms provide information on salary ranges, helping in salary negotiation.

3:03 💡 Online platforms may lack context and the full picture of a person’s job responsibilities and qualifications.

6:02 💡 Comparing salaries can trigger negative emotions, but focusing on self-improvement and learning from others’ success is more beneficial.

Key Insights

💡 Researching salary online provides a starting point for salary negotiation by providing a rough idea of what others in similar positions are earning.

💡 Context is crucial when comparing salaries as factors like company size, responsibilities, and expertise can influence pay differences.

💡 Protecting mental health is important, and if comparing salaries online causes negative emotions, it is best to focus on self-improvement and personal growth.

💡 Pay transparency platforms are valuable for gaining knowledge, but they should not be the sole basis for determining your worth or negotiating salary.

💡 Self-reflection and understanding your skills and value in the corporate world are essential for successful salary negotiation.

💡 Success stories of others making higher salaries should serve as inspiration for self-improvement rather than triggering negative emotions.

💡 Learning the right career strategies and developing valuable skills are key to increasing your earning potential.

👋 HEYYYY!

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See you on the inside! — Mei Phing