Companies don't want employees sharing salary info because it causes internal problems. The old timers had a cow when they found out the new hires hired in at a higher rate than they were making, and yet the old timers had to train the new hires. But, the company had to offer the new hires that amount in order to entice them.
That company is already in serious trouble anyway, if they're playing those games.
Telling him could work in your favor if you would be willing to stay if they match or exceed it. If you are out of there regardles, dont tell. But any time you tell someone how much money you make or how much money you have you run the risk that somehow they will use it against you. Don't talk too much to other employees that are leaving either. They tell a lot on their exit interview.
I know an employee that told employeeB how much money he made and it caused all sorts of trouble for him. His boss got mad because employeeB came to boss and said he wanted to make as much as the other guy because they did the same work (he was making less). Boss couldnt get the raise for the guy.
Dont ask farmers or ranchers how much land they have either. Its like asking them how much money they have.
Dont ever tell anyone except a spouse how much money you have. Not even your accountant or lawyer. It always ends up working against you, never for you.
Accepting a counter offer is almost never in the employee's favor. You just became a "problem" for a front line manager not an asset. They have to go justify a raise they should have already justified if they were doing their job, to higher ups. Leaders take care of their people because they know they won't have a job if they don't. But that said, there's very few people who will go out on a limb to be good leaders of people in most corporate structures.
Nor do most middle managers spend enough time thinking about their staff and how to get the most from them. They usually allow themselves to get caught up in daily minutiae they should have delegated so they had time to find raises and justifications for same as well as new business to pay for it all, as the leader.
Salary discussion stigmas seem to be a US phenomenon. Norway even has a government operated website so that you can look up individual's salary, such as your CEO.
True. An even bigger stigma on asking someone how far in debt they are. Being debt free and owned by no man, should be a source of pride for all and a significant life goal worthy of celebration far above and beyond the stupid crap people celebrate.
Many paycheck earners think they're working "to pay the bills", not make a viable and sustainable business out of their own life. I've been there, living paycheck to paycheck and something had to change. In the end it was mostly my attitude that needed the most changing. Getting new and more valuable skills and better jobs, wasn't the hardest part.
Living below my means, learning to not play "compete with the Jones'", seeing how that mindset only led to unhappiness instead of realizing I had an abundance even in my poorest days, and paying myself first, all things the modern person promised things by politicians and TV, have a hard time figuring out.
As far as never telling anyone income levels and extending that to professionals hired to work for you like accountants? That's nuts. You have to hire trustworthy professionals and then stay on top of them. I have one investment guy who I need to call and have a frank discussion about his company's fees. Their investment options simply can't pay for their higher fees in this economy and he's going to have to do some hard explaining about why I shouldn't invest the money elsewhere. I like the guy, he gives good advice, but I can't ignore that his competitors offer the same product at lower cost. He knows what we make, and have, (well most of it) and knows most of our overall fiscal picture and doesn't use it against us in any way.
A recommendation here. Stay away from corporate folks in these sorts of things. You want independent accountants and fiscal advisors, perhaps working through larger entities and not some fly by night with your investments in some account only they know about of course, but your advisors and pros you hire need some of their own skin in the game.
I always laugh when I hear commercials touting that some fiscal company has "salaried investment advisors"... Yeah, no. So they can do the same crappy job and go home at 40 hours in with my large investment as they will with some guy who's invested $1000? Screw that. I'm happy to and want to pay them a percentage fee.
The better I do, the better they do. But if they start slipping or in my case the over-arching investment house keeps bumping fees, we're going to have a chat about who's percentage that increase is coming out of. I'm not going to make it easy for the investment guy and let his cut stay the same as mine drops. No chance in hell.
You can't be passive about your budget. It's your business. Literally. You and your family as a business.
This also goes for great independent insurance agents. Love ya. Glad you've always helped us when things went sideways. But if your company and underwriters penalize loyalty instead of discounting long term customers? I'm out. Sorry. Find another sucker. Or a better brand to work for.
Also never had any problems talking to farmers or ranchers about land size. That one is even weirder. We have family farms still in Kansas and they have no problem at all mentioning how big the different land parcels are or giving an aggregate number. Nor do their neighbors. Many lease the land to larger growers anyway. It's no secret. All right there in County records for anyone to look up, so there's not much point in trying to hide it.
Another tip. If your hired professionals haven't called you at least once this year, and I don't mean a bunch of newsletters sent in bulk via Constant Contact, or Salesforce, but called and had an honest to goodness conversation with you? Find one that actually needs your business. They don't.