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Finding Your True Worth – How to Figure Out the Right Salary

Figuring out the right salary for your role can be tricky. Everyone seems to have an opinion, but how do you know what’s real?

1. Opinions/Social Media or Forums (Least Reliable)

People love to talk about salaries on social media and in casual conversations. Remember that opinions are often Trojan horses for hidden agendas. People often have their own reasons for saying what they do. Sometimes, people are motivated to post false numbers to influence opinions and set certain expectations in the job market. Also, they might exaggerate to look good and impress others in public while downplaying their earnings when talking to coworkers. It’s hard to know what’s true.

2. Surveys (Better, But Not Perfect)

More structured than opinions. Helps to collect more information, including the demographics of the participants so you can analyse them better. But since the answers are self-reported, this information can contain biases and false information.

3. Research (The Best Method)

The most reliable way to understand salaries is through proper research. This means gathering data from multiple sources such as gossip, surveys, and websites like Glassdoor. If you can, try to get information directly from companies. By comparing and cross-checking, you get a clearer, more accurate picture. When you’re looking at all this information, remember that some sources are more reliable than others. If you have solid information from a trusted source, give more weightage to that. The more sources you check, the closer you’ll get to knowing your true worth.

Finally, salary information is treated as confidential information at most companies. It is impossible to find a reliable resource to find accurate information. Don’t rely on just what people say. Mix sources, trust reliable ones more, and do your homework. That’s the scientific way to know your true worth.

Salary Transparency – Reality, Trends, and Possible Candidate Pitfalls

Salary transparency is still a fresh concept in Sri Lanka. While it’s not yet widespread, we’re starting to see some early trends emerge locally as companies experiment with openness about pay.

Is There a Real Trend in the World?

Yes, salary transparency is a growing global trend, especially in places like the U.S. and Europe, where laws and worker expectations are pushing companies to share pay details. A real-world example is Buffer, a tech company that adopted full salary transparency in 2013. They publicly share every employee’s salary online, from the CEO to entry-level staff. Buffer says this openness builds trust and boosts job applications, proving it’s not just a passing fad but a shift toward fairness and accountability in workplaces worldwide. Sri Lanka might be behind, but the global movement could inspire change here too.

Benefits of Sharing Salary in Job Ads

Posting salaries in job ads can attract the right candidates. People who know what they want and won’t waste time if the pay doesn’t match. It also cuts recruitment effort by filtering out mismatches early, saving companies time and resources.

Challenges with Transparent Salary

However, transparency isn’t all smooth sailing. One challenge is employee morale. As an example, at Reddit, which removed salary negotiations to promote fairness, some workers still felt uneasy comparing their pay to new hires, showing how openness can spark tension. Another issue is competitors poaching talent. If a rival firm sees your salary range, they might offer more to lure staff away.

Possible Candidate Pitfalls

Candidates need to watch out for tricks too.

Bait and switch recruitment: Some companies post high salaries in ads but never hire. Their real goal is to look like a top paying company.

Selective transparency: Organizations might display salaries only for their highest-paying roles while keeping compensation for average positions undisclosed.

Range manipulation: Some employers post extremely wide salary ranges (e.g., “50,000-120,000 based on experience”) that provide little meaningful information

Salary transparency is creeping into Sri Lanka, following a real global trend. It promises better hiring and trust but brings challenges and pitfalls too. For now, both companies and candidates here need to tread carefully as this idea takes root.