Chances are good that not even your best friend knows how much you earn at work. In this episode, Isabel tries to work out what we’re worried about – surely salary secrecy only helps our bosses? She talks to Joel Gascoigne, CEO of the social media company Buffer, who publishes his employees’ salaries on his website – including those of Joel himself [$290k]. He believes radical transparency helps with all sorts of potentially difficult issues at work. Isabel also speaks with Brooke Masters, the FT’s chief business commentator and an expert on chief executive payments. Brooke thinks there are often good reasons for secrecy: when companies are forced to be open about top leaders’ salaries, CEOs can compare themselves to people who lead other organizations and demand even higher salaries.
Isabel and Brooke also talk about how the rest of us can negotiate a salary increase. Doing so can help you know what your colleagues are getting paid …
We’d love to hear from you: email us at firstname.lastname@example.org or Isabel directly at email@example.com. Follow @isabelberwick on Twitter or Instagram.
Called in the podcast:
See how much everyone is paid at Buffer https://buffer.com/salaries
Brooke Masters’ column on CEO pay in the pandemic https://www.ft.com/content/0676c6f6-1ad2-490d-b8cf-d3bccdb76182
Do you want to get a salary increase? Here’s how https://www.ft.com/content/967db31f-f49b-4039-a295-23db588d2a1c
Listen to Claer Barrett’s #MoneyClinic Podcast on How to Get a Salary Increase https://link.chtbl.com/K3vLw7lV
National Bureau of Economic Research – the greater effects of wage transparency https://www.nber.org/papers/w28903
Presented by Isabel Berwick. Editorial guidance of Renée Kaplan. Assistant Manufacturer is Persis Love. Sound design is by Breen Turner, with original music from Metaphor Music. Produced by Roman.
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