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HerMoney with Jean Chatzky

Ep 332: Walking the Salary Transparent Street

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 17 August 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

Do you know how much your boss earns? What about the coworker sitting right next to you? The answer is probably “no.” Hannah Williams is trying to change that. The influencer and creator of the Salary Transparent Street video series joins us to talk about the benefits of pay transparency and the ways we can incorporate it into our own lives. In Mailbag, we discuss salary negotiation and pivoting careers. In Thrive, how to pick the best pet insurance for your furry friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an AirWave Media Podcast.

0:06.0

So many times we see this as an employee versus employee thing.

0:10.0

This is literally us versus companies, not colleagues against colleagues.

0:15.0

If you start talking with a colleague and you find out that they're paid more than you

0:19.0

or they're paid less than you, that is no one's fault but the companies.

0:25.0

Your life, it's going to change.

0:28.0

Jobs, kids, houses, are you financially ready to enjoy the ride?

0:33.0

Visit planefe.com slash her money to schedule a free appointment with a financial advisor today

0:40.0

because you've got a lot to look forward to so get excited but be prepared.

0:46.0

Hey everyone, I'm Jean Chatsky.

0:48.0

Thanks so much for joining us today on her money.

0:51.0

So quick question for all of you.

0:54.0

Do you know how much your boss earns?

0:57.0

What about the new hire who just took over your old job or the co-worker sitting right next to you?

1:05.0

For many of us, the answer is probably no or even no way.

1:11.0

Just 17% of employees at private companies say that their company's salary information is public.

1:18.0

41% say their managers actively discourage them from talking about their wages

1:25.0

and an additional quarter of people say their companies prohibit them from discussing pay.

1:34.0

By the way, I do not think that's legal.

1:37.0

But what is to be done when you want to understand whether or not you have pay parity with your colleagues

1:44.0

or if you're curious that you might be being paid less than a man for the same job?

1:51.0

Without pay transparency, it can feel like you are stumbling around in the dark.

...

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