Should we be more open about salaries?
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 12 September 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
Salaries are often kept secret in most workplaces - but times are changing.
The BBC’s Deborah Weitzmann discusses implications for pay transparency policies and the gender wage gap.
Deborah visits Flash Pack, a travel firm in London where staff members are open about their salaries. She travels to New York City where employers are preparing for a new law requiring them to post clear salary bands in job listings later this year - following the US state of Colorado. She speaks to Scott Goldshine, general manager of Manhattan-based deli Zabars.
Deborah also hears from salary expert David Turetsky about why some people find conversations around pay difficult, and Dr Grace Lordan from the London School of Economics explains how openness about pay might benefit women and address the gender pay gap.
Presented and produced by Deborah Weitzmann.
(Image: An office meeting. Credit: Getty)
Transcript
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| 0:00.0 | What's up, y'all? |
| 0:01.0 | I'm Renee Montgomery, and my podcast Untold Legends, |
| 0:04.0 | Aura, is available now. |
| 0:06.5 | I'm looking back on the life of one of the most extraordinary black female sports stars of the 20th century, |
| 0:13.2 | whose name has been all but forgotten. |
| 0:16.1 | Ora, Washington. |
| 0:17.9 | Stay listening at the end of this podcast to find out more. |
| 0:25.9 | Thank you. Washington. Stay listening at the end of this podcast to find out more. Hello, this is Business Daily on the BBC with me, Deborah Weitzman. On today's program, |
| 0:32.3 | why companies around the world are opening up about salaries in an attempt to tackle pay inequality. Now, salary is no longer |
| 0:40.0 | something that you need to find out, whether you're being underpaid down the pub when you've got |
| 0:44.0 | your colleague drunk. It's created a lot of trust amongst a team. I'll travel to New York City, |
| 0:49.8 | where employers will soon be required by law to include a minimum and maximum wage range on all job ads. |
| 0:57.4 | Business leaders are trying to wrap their heads around what the implications are for their existing workforce |
| 1:03.5 | who may not realize that they're paid on the low end of the salary range for a particular job. |
| 1:09.1 | We're discussing the secret world of salaries here on Business Daily. |
| 1:16.6 | A typical lunchtime in London's bustling borough market. |
| 1:23.0 | Workers have left their desks to come and look at what the different street food stalls |
| 1:26.5 | have to offer. |
| 1:27.7 | But I'm here to sink my teeth into something other than falafel wraps and dumplings, |
| 1:32.6 | a topic that is often off limits. Should you share your salary with your co-workers? |
| 1:39.0 | Hi, I'm Sarah. I have never asked my colleagues what they earn. I just fear it would come across as rude. |
| 1:46.8 | I'm Matt. |
... |
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