From an analysis of nearly 6 million names, the study found that every extra letter in a person's name tended to correlate with a $3,600 drop in annual salary. That was true of names as similar as Sara and Sarah, Michele and Michelle, and Philip and Phillip. Over a 40-year career, the corresponding loss in earnings can amount to nearly $150,000.
LinkedIn discovered a similar correlation between short names and success in 2011, when it analyzed the top CEO names around the world. The site's analysts found that the most popular ones — names like Peter, Jack, and Fred — were either already short names or shortened versions of common first names. Frank Nuessel, a names specialist, told LinkedIn such abbreviated names are often used to "denote a sense of friendliness and openness."
Beyond compensation benefits, experts say nicknames can provide several other advantages. Nicknames can often sound less formal and more approachable. (...)
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