Salary secrets and myths

Employers seem to have the better hand in pay negotiations. But here are 6 ways to better read the cards they hold.

By Jeanne Sahadi, CNNMoney.com senior writer

NEW YORK (CNNMoney.com) -- When it comes to negotiating money, it's hard not to feel like you're at a complete disadvantage relative to your employer.

For starters, you don't really know how much the company can pay you. Not really. Often, you only know what your manager (or the hiring manager) tells you.

You also usually don't know what your colleagues make -- and, let's face it, "colleague" is a generous description for that guy down the hall whose biggest accomplishment seems to be showing up.

And often you don't have any idea how the company arrives at its pay decisions. It certainly feels like some of those decisions are influenced by how much the boss likes you or a co-worker.

To shed some light on the more dimly lit corners of compensation, following are six secrets and myths of payTop of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.