Episode 124: Fair Pay, part 2: Transparency Matters

The Broad Experience

Careers, Society & Culture, Business

5.0 • 592 Ratings

🗓️ 10 April 2018

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is the second part of a two-episode show on women's pay. In this one we talk about why companies should be more transparent about their pay practices. Payscale's Lydia Frank says you don't have to brandish everyone's paychecks, but let's end the silence around compensation. It's not rude to discuss money at work - people want to make sure they're being paid fairly. And we talk to University of Iceland professor Thorgerdur Einasdottir about Iceland's new equal pay law. It puts the onus on employers, not employees, to ensure men and women are getting paid the same for equal work. Finally we come back to negotiation: is it fair that women have to negotiate for better pay when studies show many of us hate doing it and fare worse then men? Comments welcome as usual.

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Transcript

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0:00.0	Looking for a new job? Just go to Indeed and Bob's your uncle.
0:05.4	Except we don't really care who your uncle is. Sorry, Uncle Bob.
0:09.4	Instead of who you know, we want you to show off what you know.
0:13.6	Indeed lets you put your skills and experience front and centre so you can match with jobs that fit your talents, not your family tree.
0:22.1	Download the Indeed app and start making the world work better for you today.
0:44.3	Welcome to the Broad Experience, the show about women, the workplace, and success.
0:45.6	I'm Ashley Miltight.
0:49.3	This time, part two of our show on Women and Pay. You know, people often don't enjoy this conversation, and they just hope that their organization is going to give them a nice raise without them having to raise it.
0:59.1	In the first show, we talked about the origins of the pay gap.
1:02.4	In the U.S., at least it starts at the age of 14.
1:06.7	Yasimin Bacen Casino and I discuss the fact that even that most common of teenage jobs,
1:11.7	babysitting, pays boys more than girls. And we met Lydia Frank from Payscale.com, which
1:18.6	works with employers and employees on all things related to compensation. So to dive back in
1:24.9	with Lydia on the topic of pay transparency, I wanted to know if this whole code of silence around what people earn, is that going to go away in an era when young women in particular seem less willing to put up with the status quo at work?
1:39.8	I would say that millennials especially, younger generations generations have way different expectations around
1:46.2	transparency than previous generations. I think for sure it historically has been you don't talk
1:53.8	about these things. You don't ask somebody what they make. It's rude, right? It's it's impolite.
1:59.2	But I think we've raised a generation of people to
2:04.2	question authority and have taught them to be independent thinkers and have raised them in the age
2:11.8	of the internet when you can get access to anything. You know, you can ask Google any question. It's a different
2:19.6	world and I think there's just a different expectation for the types of data and information
2:26.1	that should be available at your fingertips. That said, employers haven't necessarily caught up.
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