Why Everyone Is Openly Talking About Pay
HTML-код
- Опубликовано: 23 янв 2023
- Increasingly popular pay transparency laws benefit some workers and increase social equity, but economists warn they could diminish the negotiating power of the labor force at large.
Colorado became the first state to require public disclosures of salary ranges in 2021. Now jurisdictions including Washington state, California, and New York City have taken up similar mandatory public disclosure laws. These measures typically affect businesses with at least a small number of employees.
But a growing body of research also says that the movement could dampen wage growth over time. "What we found is that people get smaller raises," said Bobak Pakzad-Hurson, an assistant professor of economics and entrepreneurship at Brown University.
Watch the video above to learn more about the rise and potential implications of pay transparency.
Produced by: Carlos Waters
Supervising Producer: Lindsey Jacobson
Graphics by: Christina Locopo
Additional sources: U.S. Equal. Employment Opportunity Commission, Federal Reserve Bank of New York
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
#CNBC
Why Everyone Is Openly Talking About Pay
I was making 52k a year. Got a new role within my company .. the bump was to 94k a year. My previous manager asked me if I wouldn't discuss my new pay with my old team because everyone would get mad and leave. This is why company's don't want us knowing everyone's pay. It benefits them not us
52k to 94k 😲
Please,,!
The same thing is happening to me but with poverty wages. I was getting 15 working by the same management for many years. Recently we've been getting new people and us "veterans" found out that the new people were getting 17 and ours has not changed with due time. Not only did we train them, they don't do much like how we manage the work. We found out too that other businesses they own, everyone else is getting paid 17 too. I think it's because they probably think we're undocumented working for low pay or something. We were asking the management for a raise(equal pay) but they were like "who told you that" and later "just make sure you do the job well and we may consider it". I'm leaving that job lol. I'm trying something new this year and hopefully it turns out well.
Switching jobs helps tremendously. In 12 months jumped 2 jobs. I'm 28 and went from 75k to 100k and now 112k. Didn't mean to leave the second company but it was going under due to a product failing. Could you imagine how many years it would have taken to get this pay by yearly pay bumps...
That’s illegal for them to tell you that.
Now let’s require medical providers to disclose cost of care BEFORE the patient receives services, and we should be all set!
Technically we already have that, it's just that it only cost hospitals a few hundred dollars a day to not follow it.
Doctors don't control the cost of care. Hospitals and Healthcare organizations in conjunction with insurers and pharma control the cost of care. If it was up to us, the costnod care would be transparent and it would be lower.
You can always ask before you get any service done 🙄!
ruclips.net/video/Tct38KwROdw/видео.html
Having Medicare 4 All would be better because the patient wouldn't have to worry about getting a bill. It's already covered.
It is illegal for your employer to tell you that you can’t discuss pay or punish you for doing so. Report them if they try to silence you. Transparency is a key weapon of the working class.
And be prepared to find another job….
@Kaufman Andy well they do. I was at a new job. An I ask coworkers what was their starting pay range in their departments. They got very weird and told me they wasn't allowed tell. But thing is I didn't ask them their pay.
My boss once told I was not allowed to discuss payscales with other employees as it was proprietary business information. I was taken aback for a moment. I then told him I am not discussing company business, I am talking about my income.
@@AndyGKaufman maybe you've never seen that personally. But it happened to me at work even though I've been with this company for 5 - 6 years on and off. I was told not to discuss pay with coworkers because it's against company policy, which it's not.
@@AndyGKaufmanmy sister just signed a paper at her new job saying she can’t talk about pay.
“This will cause problems for hiring managers.”
As though hiring managers weren’t causing candidates problems…
All sides have an argument…your side is no more important
They literally brag about how they don't read resumes
@@kialuvsyoo Some job postings have so many applicants it makes it almost impossible to read through them all. But I understand how it feels to spend your time to write an application only for it passed up because I was missing a keyword or two. Machines have taken a huge load off of the hiring managers and the potential employees get screwed even when they are more than qualified.
This is such a sh*tpost. Leave it the major "news" networks to try to feed us B.S. I absolutely LOVE that people are starting unions like mad despite all their efforts.
Hiring managers won't be able to trick new hires to accept the lowest possible wage for a certain position anymore. Sucks for them.
"Pay transparency will erode the bargaining power of prospects "
REALLY?!!
What was lack of transparency doing?
Me: it allow employers to lowball a well qualified prospect- and to sell them great possibilites at the company that never will happen
✍🏻Tʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ
Sᴇɴᴅ ᴀ ᴍᴇssᴀɢᴇ
✙𝟏𝟖𝟑𝟐𝟑𝟎𝟒𝟒𝟕𝟐𝟓📈📈
@@katephillips3909 Kate Phillips is a fraud.
yeah that economist is either stupid or got paid by someone.
💯 "Pay transparency may make individual bargaining harder" - so... Collective bargaining is better for most people? 🤣
Pay transparency should be the law of the land. Without transparency companies take advantage of people. It’s ridiculous to even try to speak against it. The only people benefiting from a lack of transparency are the owner class.
It’s not that transparency is bad, it’s that there are negatives that come about due to other expectations/cultural norms.
How to do effectively give raises based on KPI without getting shafted by an equal pay lawsuit or office drama…
My greatest happiness is the $ 64,000 bi - weekly profit I get consistently from my $ 15,000 investment despite the economic fluctuation
@@eric4946 raises are determined based on competitiveness. In order to retain good talent you need to pay them more to incentives them to stay. You cannot get angry when the competitor across the street is able to offer more money and they take it! Budget is not an excuse, if the required talent is needed then the company will approve the budget since there is a need! If you aren’t able to pay the market rate then you will unlikely sustain the position. Would you rather retain the talent you trained for the job or are you willing to risk it by low balling only for that employee you trained hard for to quit on you for another job?
@@eric4946 this
@@jon6309 you completely missed the point of his comment…
It was about time. I applied for a job as an ICU nurse in Louisiana recently and it wasn’t until I got hired in that I found out how low the local pay was. Long story short, I relocated to a different state.
And don’t be saying living in the south is cheaper. I should not need to fill out a 3 hour long application and go to an interview to find out the pay. I even called HR several times and no one was able to disclose the pay. That’s absurd.
Exactly. Especially in Nursing, don't waste my time with so many interviews for a bad offer
Its exactly why many ppl leave Louisiana and why my sister & her husband have chosen to relocate. Better pay and opportunities elsewhere. My brother is also contemplating moving.
And what was the offer ?
exactly, come to nyc or cali, easily 6 figure starting.
Hell no. They didn't show you a job offer? I think that's illegal. They usually disclose the salary after the interveiw.
"Knowledge is Power" The reason why employers and HR wont disclose the pay information is because they won't be able to control the sheep heard. Keep discussing pay with your coworkers and stop allowing yourself to be taken advantage of.
That will only benefit the lower pay and most likely lower performing workers.
@85 Testarossa problem is managers are very subjective in reviewing performance. I have seen bimbos exceed their manager’s expectations because they are willing to go shopping with their manager during their lunch breaks which have no relevance to the actual work they contribute to the company and no the boss is not the owner or CEO in this case! This is why managers fret when their true top performers quit because their bimbo office pets are not capable for the job so it’s hard to cover their tracks from upper management when performance declines as the worker departs!
@@mike48084who told you that wont help you?
use eye drops when u know u will not be drinking from the water. Herd, not (Amber) Heard. I Heard a man say the words, 'herd that sheep into the Sinai and reign over them like moses did.' //
sheep are sheep, as per their parents' plan for them. they refuse to read the white words of the Medici Family, aka the 'double entry accounting system', which is the basis of all Banking on the planet earth.
hebrews in Israel Must use the same accounting entries as do the NYCity Hebrews. and the Non Hebrews Must pay interest based upon the same accounting laws the Medici created (in the 1500s).
good luck trying to wake up the sheep better to send the Minute Men into the Herd(s) and Purge the sheep of the non reading members.
the white words of the 14th Amendment Must be taught to the non readers, upon pain of their deaths!
@@mike48084 Much cheaper for managers to just tell every worker they are high performers, that they are getting a higher raise than their teammates so they should keep it hush hush. So none of them actually have any clue how their pay compares because their own egos want to believe they are high performers.
"What we found was people get smaller raises"
Sure, cause Americans we're getting fairly compensated under the current secretive system. Give me a break.
Honestly they can't help but lick the boot
Lol yeah. "Smaller raises" .... because they're getting paid more in the first place now, and/or are getting more frequent, smaller raises.
I have never once been given a raise without asking for one. Never.
✍🏻Tʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ
Sᴇɴᴅ ᴀ ᴍᴇssᴀɢᴇ
✙𝟏𝟖𝟑𝟐𝟑𝟎𝟒𝟒𝟕𝟐𝟓📈📈
ANN MCCAIN ADRIEL ❤️
I can see that happening. The transparency can help *job seekers* but not so much for a yearly raise
Why? Because people were given a lower raise than you are now complaining. So what will happen is everyone gets a raise or none gets it.
That's what they are talking about slowing down pay raises. Because raising pay will now cause unwanted consequences in the workplace politics. So managers are facing harder obstacles than before to give a raise. And what most of the managers are going to do? Give less raises. The dynamic is easy to understand for me.
if you don’t talk about pay in the first conversation/interview that’s a red flag 🚩
that's all start ups tho lol !
I got hired on at an agency. 3 months after I started, it came out that people who had been working 5 years more than me (who had the same credentials) were being paid less than I started at. The agency had to do a unilateral pay bump for anyone making less than what I started at. And yet, that still didn't account for their experience. I think Salary Transparency was the sole reason that these people even got as much as they did. You can't just incentivize new hires without supporting your current workforce. That's a huge reason for turn over.
B.S. I saw my coworkers salary last week and called up my boss. I got $1.50 raise to $21. Knowledge is power and if anyone tells you different, they have big money making them talk.
Hey I need a job for my brother...can you help?
Everyone is openly talking about pay because people are at the point where if they don't, they will literally go homeless.
Homeless is not the only case my dear
Thank God for pay transparency! I switched jobs a year ago and got a 40% bump. I knew I was underpaid at my last place and I was prepared to go in during review and ask for a raise in top of my review increase because I was a high performer. The problem is based on the number I was going to ask for I would have still shortchanged myself because I didn’t know what the industry standard was for my years and experience. So I ended up looking for other jobs and noticed the pay ranges and whoa I was like yeah there’s no way I’m staying here when I can go over here and collect my rightful six figures so that’s what I did😁😎 I wouldn’t have known unless the companies didn’t list a range for me to see and know what was a reasonable range.
Pay transparency will crush small companies so it’s not a good law to enact.
wow… good to see this dialogue as I am doing my first assignment today. Thank you.
Same. I didn't realize the work I did could pay 6 figures until some recruiters hit me up on LinkedIn and I was like, "I like where I work, but I'll considering switching if your job pays 6 figures. Otherwise, it's not worth the hassle." Every one of them said that it did and I eventually found a new job.
@@maxpro751 then charge more money or find a way to make more money overall. Otherwise, underpay a quality worker who’s dying to go get paid more.
@@maxpro751 boo hoo, people need to be paid.
I honestly wish this law was in effect much earlier. It’s very difficult to negotiate salary when you don’t even know what range to negotiate from. My previous manager low balled me but I was determined to work hard and improved the process of my work and i was able to eliminate one job and was taking on the job of 2. I was not given a raise for this and found out I was getting paid much less than my peers. Then he gets upset when another department offers me more money for less work. I am being a little wise on how I exert my energy when doing my job. I no longer strive to work at my maximum potential until my employer proves they are treating me fairly!
Sounds like you did it to yourself. I know plenty of people like you who are yes men at work 😂. Then be the main ones crying about being overworked for no extra pay. Stop trying to brown nose and just do YOUR job that you was hired to do.
Not sure that's the lesson to draw from your experience. If you are significantly underpaid, the smarter move often is to go where your talent is more appreciated and better remunerated.
I had to remind some of my high performing tech coworkers that they were burning themselves out and they were never going to be properly compensated. Our company has made it clear there’s no raises coming. That says to me they only expect mediocrity or less from their employees.
@@shelbynamels973 the problem is it’s difficult to determine if you are truly underpaid when there is no transparency in wage ranges. It’s difficult to compare and assess. I think it’s safer for me to not quiet quit but “quiet act.” I do my job good enough to satisfy my managers and periodically will go above and beyond by proactively volunteering for simple favors once in awhile but still reserve a lot of time and energy for myself which I currently use to read and learn about topics to help me make better investment decisions. I don’t think I will ever be rich working for someone else no matter how many raises or promotions I get. So I need to look at other options on the table for me besides relying on an employer. My father was able to become somewhat wealthy not because of his job but he used his time researching on sports teams and placing bets during seasons which brought him a lot of money.
@@techguy651 it’s better to be honest with your employees before they find out themselves. They will respect you more that way.
_"If I give you a substantial raise then I have to give it to everyone else because they'll see what you're getting paid"..._ or, you could do your job as manager and explain why this person deserved that raise and everyone else didn't. What's really going on here is that managers would rather use pay transparency as a pretext for giving out middling pay increases.
Easier said than done. Even if it’s truly justified, if that person getting paid more is a man and the other people are 1-2 men but 5 women.
The trouble just isn’t worth it.
Right, also for the most part when someone gets a raise it's usually because they do good work and haven been there for a while. What employee in the right mind thinks "Oh I've been here for 14 months, but Jake got his promotion for being here 8 years and meeting deadlines. Hey I want a raise just like Jake did." 🙄
I slipped up and told my peers how much I made. Half the team quite despite most of them agreeing my output was 2-3x more than them. Folks are weird
people would more likely work less being discouraged/bitter then try being more productive knowing a peer makes more.
@@eric4946 maybe you're not a manager worth staying under?
I like this bc it’s so annoying being told by a future potential employer that they won’t discuss pay until after you come in for an interview. In the past it felt like bringing up questions ab pay meant you weren’t there for the right reasons. Most people go to work to pay bills and I need to know if a potential job opportunity will come with enough finances to pay those bills. If not there is no need for me to waste mine or their time with an interview. It only makes sense to me to discuss pay upfront
I couldn't agree more. I have my resume on indeed and often get contacted by employers for interviews. I immediately tell them my pay. Often times they tell me they can't match my pay but the few times i have taken the interviews it has lead to the company I work for offering me more money to stay. I don't go to work because I love it or cause its a good cause. I go for the money.
Yeah, that whole "we need rockstars" pitch. Well... You gotta pay very well for rockstars
@@richardspillers6282 - That's funny. I work as a Director in a company of engineers and we just had a meeting the Senior VPs saying we need to hire more "rockstars" line. I looked at my fellow directors and was like, "this guy has champagne dreams on a company beer budget".
And what exactly are the "right reasons"? Answer this question: Is it a family business of which I am employed, or am I the owner of this business? If the answer is no, then guess what, the reason why we are there is for US. For money.
The same reasons why THEY are there so let's all call a spade a F*cking spade.
I can't believe they made you go through all that.
I tell all the young people I run into this:
You do not work for the job.
The job works for YOU.
@@craffte right reasons to the employer in my opinion is to work and be as productive as possible nothing more nothing less. Nothing wrong with that BUT that is not the reason most of us accept a job. We take jobs for the pay because we have bills to pay. So yes i intend on being productive and working but only for the right price.
Salary transparency street opened my eyes a lot on this topic. She rocks.
Yes! Was about to comment about her. Everyone should go check out her videos.
Thanks for the recommendation- will def check her out. Glad people are able to get what they deserve together
I had a situation like this occur recently a coworker implied she was looking for another job and the pay was a lot higher then what she is making I never disclosed my pay but my face gave it away. She goes to our manager and ask for a raise.The manager comes to me and say why is she asking about others pay. I politely told them it’s illegal to have this conversation especially if your trying to punish her or me she has the right ask questions and decide what is best for her.
It’s about time as I got tired of wasting my time applying for jobs in my field and then finding out weeks later they were paying dogwater.
that is why you put your expected compensation package right with your application, together with a yes or no whether the prospective employer will meet it or come back with a reasonable counter in a timely manner.
Last job interview I went to my first question was what does the job pay. They responded they dident fell it was an appropriate question to ask at this time... I agreed I got up and left
I love it. These greedy employers waste everyone's time. Some want you to go through 2 or 3 interviews just to lowball you at the end.
The only people that get decent pay for their job. Actually WAY better than decent. Are people who get poached from other companies.
When a company really wants you, they will move mountains to accommodate you.
I'm a recruiter and I promise good companies are embracing it. It's probably not the very first topic we discuss, but within a 15 minute discussion about the job I want to make sure the candidate is in the range that the job is offering. It saves time for all parties involved.
WhooHoo! You rock for doing that.
"Pay transparency slows down the growing wealth gap." Nice!
Damn 😍
Exactly. It will expose ceo earning 10mil a year while senior workers earn 90k. And they tell you they have no money to increase your salary.
pay transparency save time for the me and the employer. Why waste my time if i am applying for job that pay 15 an hour when I am looking for 20 to 25 an hour job.
They don't want to save you time. They want to hope that after multiple interviews you'll accept being lowballed.
Aren't employers wondering why employees keep switching companies every 1-2 years? If you aren't paying your employees properly because of pay transparency or some other reason, what else would you expect? Nearly all tenured employees know they are getting paid less than the new hires into the same roles. The only reason companies can do this is the friction of switching jobs. Many are realizing the friction isn't that bad... so the ball is in the employers court to just pay employees properly... it really is a problem they created and can easily solve.
I'm glad to see pay transparency is going forward. I've seen that the salary is "competitive" so many times. Yet, somehow, no one ever provides the number.
Yeah. They're comparing it to third world countries. Look ! You get paid more than this twelve year old who has to sift through garbage to find enough to money to eat! Aren't YOU luckyyyy?
Nobody can suddenly become prosperous financially. Although they did the background work, we mostly see the ultimate product. Fear is a harmful factor that prevents us from making the courageous decisions we need to make in order to achieve our goals. You have to deal with things like inflation, the recession, Fed policies, and more. In just a few months, I was able to add $289k to my portfolio. You must look for assistance in the proper locations.
@Lloyd Bernard The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@@glenbert1396 Hi Mate, please how can i reach this CFA of yours?
@@anthonyrussell5718 I personally work with ''STACIE KRISTAL WEBER'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
@@glenbert1396 She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Lies again? Pay Services
I worked at a company for 2 years and found out my coworker, who started a month after I did, with the same job title, earned 50% more. In my view, why would companies keep salaries secret if they are paying everyone fairly?
maybe they get 50% more done? If you loaded 15 semi trailers with pallets a day and someone else only loaded 10 cause they were slower should they be paid same an hour or day as you? Cause that would mean you are paid less per trailer than them. But you both have same title.
Same
@@SgtJoeSmith except that's almost never how it works. Generally, it's about the how well each applicant negotiates at the time of their initial interview, before the employer even gets to assess productivity. Having more knowledge about the average pay for a role, knowing people that work for the company and being privy to their pay, and applying during times of lower unemployment rates are going to have a much greater impact on an applicants salary than being a highly productive worker.
@@SgtJoeSmith I used to help said co-worker all the time with some of his work because he would get stuck.
I’ve worked at companies where two ppl doing the same job & one was being paid $20k more for no reason other but favoritism The transparency saves time I’ve been on interviews where you find out the pay is too low & if they would’ve been up front I would’ve never bothered to apply!
Assuming all else equal. I could see paying the favorite one more because they are more enjoyable to be around.
Q: In your opinion, why is the favoritism there? Because I think it's strictly personality perspective.
This is a private sector issue. If you visit the online application process for a government position the pay is listed in the description. It includes the range and level of growth within the job. Companies want to low ball people and it’s sad because they lose out on amazing employees.
that's probably a big reason WFH is becoming less a thing. Employers don't want to disclose the pay so they can hoodwink someone. Harder to do if you're forced to be transparent. Because these couple states require it (which is good) remote will be required to disclose it also. Therefore companies in not regulated states will opt out of remote work just so they can continue their yard sale employee hunting.
Because the government is filled with "amazing employees"
@@manning8 there too many people trying to get a govt job because the pay, benefits, working hours, protections, and stability are above average in most cases. Working a govt job would be like a time machine to the 50's and 60's when pensions were normal and you could put in 30yrs somewhere. While most govt employees I've encountered are "lazy" I think its probably them dealing with bureaucracy more than anything. Unions give the newest guys the crappiest work and the most senior guys do the jobs were they interact the least with people....we never see them. Also in that environment its super common for the most senior person to automatically be promoted into management simply for working their the longest.....which is an awful metric. As you could imagine a bad manager with little to no training or support managing protect union employees is going to crush productivity and moral really really quick.
But damn that security would be nice.
It’s not just private. Most people who have government jobs are actually miserable and career advancement is limited. Yes the benefits are nice but people don’t move as freely and have as many protections as you may think.
@@DB-vt1kk govt employees (in unions) can't be fired at will. A reason is needed, even if its a bs one. That protection is something most americans don't have.
No pay transparency creates huge discrepancies between workers. I used to work for a company where some people were paid 30-36 an hour while I was making 55, and I joined the company after them. Same position and title but less experience yet they were making 30% less than a new grad. It helps in negotiations when you know your worth, but no one will tell you what your actual labor is worth.
What did you do right to get paid more? Why were they willing to pay you more?
@@shareathought769 I knew the value of my labor based on what other companies were paying. I kept applying even with a job.
It's okay that raises are low because you're missing out on a huge increase in salary if you're not switching jobs every 2 years! We now live in a network society, less-so a hierarchical one, so disclosing these pay ranges is just the next step in helping our workers to continue growing their wages. Good for them!
It really was about darn time. Not listing the salary gives companies a huge leverage and an incentive to lowball employees. A major reason I went to the government side is pay. It may not be the most competitive, but you know what to expect, when, and where. Basic pay is also adjusted with locality pay. Most importantly, there are clear guidelines for promotions so you actually have a carreer in front of you.
4:50 Having to pay everyone who does the same job the same amount is not a bad thing. It means companies should be putting equal effort in retention as they do in acquisition... Otherwise they just want to take advantage of old employees for less than new ones.
It’s not up to the company to tell you what your worth it’s you WHO should be doing that. Stop complaining that companies are underpaying employees because it’s your choice and decision to decide what your worth so just quit if your complaining.
Wild to think that people could think it's a positive that one employee should get payed vastly more than his coworkers because he is the only person asking for a raise. If you and your coworkers are all getting under paid you should be contacting a union.
It is positive, because i am superior to the other employees and should be paid more.
The problem here is that everyone do not work the same so everyone do not deserve the same pay. That's socialism. Or unionized work.
I work in a union based job. Everyone gets the same. Let me tell you how so many do the bare minimum of work. Almost just enough to not get fired which is of course hard to get fired because of union. They "call-in" all the time. Any other job that isn't unionized or as big as this corporation, they would get fired.
In places like that it's hard to even be noticed or rewarded for the extra skill or effort because you're all seen as the same.
@@loki76 sorry unless you have a stake in a company the bare minimum is all thats required. Remember a company would fire you at a drop of a hat if it ment thay would make more money in it. Especially larger corporations
@@sambo669 Exactly, why do more work than what's expected of said role. Why go out of your way to do MORE work if they're not paying you to do more. It's a different situation than someone just being lazy and all, but that's ironically on the managers to stop, hah, being lazy and assess the situation of what their employees are doing. Why should you work more when there's no benefit? I only do a bit extra at my part-time at fastfood cause I care about my coworkers and managers and want to just finish things early. I'm not working more cause "work ethic".
If a company fears upsetting their current workers of transparent pay that means they are exploiting the hell out of their current workers and underpaying them 😭
We workers NEED to discuss our wages. It’s the ONLY way we will EVER get fair compensation for our labor. I get paid $15 an hour to manage a restaurant, and I have an unforgiving amount of responsibilities that I am simply not compensated fairly for taking care of. The company I work for will literally fire you for discussing your pay with another employee, and that is SOLELY because our lack of a unified voice means they can pay us whatever they want, and we will always be paid less than what we are worth until we stand up. ✊
You don't get any tips?
Then leave…
Just a heads up. Discussing your pay with another coworker is a protected activity under the Fair Labor standards act. Firing you for that is considered retaliation and is the grounds for a very lucrative lawsuit. If you can get your employer to fire you for that reason and get it in writing, you should have little difficulty forcing your employer to pay out of fairly significant wrongful termination suit. Obviously talk to an attorney.
I worked for a company that paid barebones wages. They hired only recent college grads specifically so they could pay them below what it costs to live. I went to their website recently where they now had to advertise the pay. It was just as low now as it was then, maybe raised a few bucks for inflation, but otherwise just as pathetic. But it sure was nice to see them being forced to admit it on that webpage instead of in a hushed phone conversation with the HR lady.
Yep. We all know about the person who goes through multiple interviews only to find out they wasted their time when the company finally reveals that the pay is ridiculously low. Would have saved everyone time if they just posted it upfront.
Ranges are the key.. i was always told the range in my first or second interview. Ranges can be huge from 80k-130k depends. You may have two people with the same title making different amounts. Posting ranges will not ensure everyone gets paid the same..
Just because two people have the same title does not mean that they are producing the same quality of work or doing the same amount of work. There are a lot of factors in why one person in the same position gets paid more than another which is why that range is necessary
@@dmr6390 yes… experience, technical skills, etc.
@@baklava6138 agreed but it’s also possible it’s even down to perceived constant availability and willingness to say yes I’ll do it. For salaried roles if I’m working 45-50 hour weeks and my peer hard stops at 40, the true hourly rate would be different with the same base. Now there’s the chance my coworker is better than me in 40 hours than I am in 50 - like the experience and skills you referenced. Those bands really do need to account for the range in total output by people in the same title, and it’s probably most key in specialty skill set roles
@@dmr6390 well said! Many people believe that title should be Making the same. It comes down to experiences, skills, tactics, a lot of people are lazy and just want the title and same pay. Trust me I’ve seen people with same title and do a total opposite work compare to someone else.
Wage transparency is great. I tell my coworkers how much i make so they can ask for raises. In return, i could always ask for a raise myself because they even rely on me for stuff and even see me as a manager. We’ve hired people at much higher salary than what they would ask for themselves as they have told me bc the job posting showed a range.
Bosses hate pay transparency because it's a great tool against both discrimination and nepotism.
Imagine you go to a car dealership or a supermarket and they only tell you the price for the item at the register. Or after you've taken the first couple of bites.
Unfortunately some companies are just showing huge ranges. One I'm looking at right now: "The overall market range for roles in this area of Netflix is typically $100,000 - $600,000"
It seems like every time we make a change to help people, companies take action to push back. It's almost like this economic system isn't designed to help everyday Americans reach their goals in life.
This system is designed to make the rich, richer. And they'll do anything to make that happen
The system is f**k
Gods showing the world he doesn’t care.
I work for a hospital associated with a public university so we’re considered state employees. Everyone’s salary is available on a searchable website.
LOL i love it when corporate media gets anxious, then spews out propaganda trying to convince people that pay transparency is “bad” 😂😂😂
I asked about the pay and was disappointed when it wasn't anything I thought they were offering. I didn't get the job. I think I didn't get it because they could tell I was disappointed in the starting pay after feeling I had experience. They said up to $18 in the paper but offered no higher than $15 when I got there no matter the experience. I was a college graduate and everything. Had been in factories exactly like that a few times. Knew what they were doing and wouldn't have been hard to learn. They also lied and acted like it was a welding job, which it really wasn't. You didn't have to have any welding sklls and still run that machine that was welding the product. I had welding as a skill. I mentioned something about that too and one reason I should start out at $18. What they were doing was so below what I could do and my knowledge about welding.
We need more transparency and we need more unions.
Unions have a lot of negatives as well. I work in a unionized job. It's painful when you have co-workers phoning in their job because they don't have to put any effort in and they get paid the same. No they do not get fired and they call in ALL the time.
There is no reason to put in any effort the pay will increase the same in some "negotiated contract" that last several years.
So at times it can be good, because it can raise the pay for everyone a bit. But at the same time it's bad for trying to stand out and advance and or seeing and knowing people getting paid all the same for doing less.
Those same places usually have the tactics of part-time and work them as full timers paying them unionized LESS money, because it's part-time. It's deceptive BS. They churn through people like a revolving door. But those jobs are the low just above min-wage jobs.
Some are better jobs with better pay with unions. It all depends.
The argument that Bobby made at 4:15 is the exact same argument my old boss made to one of our new hires and it's so stupid. Our new hire was older and more experienced yet they wouldn't pay her more than the others in her same role more cause "it wouldn't be fair". But at the same time our boss would tell the rest of us that she couldn't raise our wages until they hired someone who came in at a higher rate. In other words, she didn't want to raise wages for anyone on the team. If a company doesn't want to raise your wages after hiring someone at a higher rate, they're just being greedy and the old workers can either fight for better wages, or look elsewhere for a better job.
If raises are smaller for any reason, quitting will increase, leading to increased costs from hiring. That's how this works.
I was told the company "didn't see it that way" when they gave me a 7% pay cut compares to inflation in 2022. I left within 3 months for a 20% raise elsewhere.
I have shared my salary with most of my co-workers because….why not?? It felt strange at first because it’s not normal to share but it has to start somewhere
Agreed. If my boss tells me to not share my salary, or the workplace has a general culture against sharing salary, then that's a red flag of them trying to take advantage of you and I won't stay there long.
For a average worker why not but think about people who get payed twice what other co workers make simply because they are favorite. They won't share anything
@@xavierd3298 yeah. I made more than my co-workers and safe it so say there were unhappy and did quit not that long after. Mostly I felt sad for them and I encouraged them to ask for more in their current role and to always ask for more.
Also, there are many employers that are not completely transparent about the compensation, until after hired, meaning, they don’t tell them that it’s commission based on money and misleads people who need a stable pay.
No one can afford the extra time to be wasting time effort, and gas money, especially showing up to interviews that are not going to realistically get all the bills paid so yes we’re going to ask. Period.
We need this law in every state. No benevolent companies.
I got a huge raise when I quit and went to a new company because of wage compression in my old firm. This is a great time to seek another position and get paid more.
Some employers, and I'm saying this from personal experience, threaten workers with termination for discussing wages even though that kind of conversation is federally protected. They ride off the fact that not everyone will know their rights so they can pay them less.
I was, too. The business is now defunct.
Recently, I've traded the additional pay for any bit of peace I can get from not being on the hook to perform. I'm happy.
This is exactly the reason why "'nobody wants to work anymore," it's good business to underpay your workers as long as you can
I did not know that there weren't 😳 transparency laws in other states. It must feel terrible to apply to a job and go through the whole process only to find out the pay is not worth it.
It reminds me of when minimum wage increased decades ago. I was working fast food as a teenager and your chances of getting a job at the Walmart was literally impossible because they had a lot long term employees. When minimum wage went up droves of them quit due to the fact that they were not going to have a pay increase because they were already above minimum wage. Needless to say I got a job at Walmart which was better than fastfood. My boss tried keeping me by telling me I was already getting a wage increase plus she was willing to add an additional 15 cents . I told her no...I'd rather work in hardware vs flipping burgers.
So how much are you making now
@@JonahCourtney depends...on a good year 79,000 but I'm working at a unionized company now.
@@tranger4579 wow that's nice... So how can I get a job.any help?
@@tranger4579 thanks for being so open. The right union and job can make all the difference.
Let's keep fighting. And remind people that even with transparency working hard still gets rewarded.
@@tranger4579 but more stable
Employers don't fear employees being upset, they fear more employees revolting and quitting they're jobs or increasing union strikes.
If companies don't want strong regulations and enforcement then transparency needs to be stepping stone in many parts of our lives.
If your gonna sell me a food that helps with my body you better be transparent with how that negatively/positively affects the body.
Make sure your contract says your pay will be increased at least or between 3% and 5% yearly if the company doesn’t offer profit sharing programs (this is aside from your 401K and other benefits
But inflation year on year is at 9%....
@@tctopcat1981 you can negóciate that percentage 3-5 is just the bottom line and then go up from there if you need to
I like seeing the pay range on job postings...so don't waste time applying to the low-pay ones...but I've noticed that quite a lot of tech positions have a very wide range, where the upper end is 3 or even more times then the lower end of the range...
I’ve noticed the same thing but a tech can be anything from a simple machine operator to having a 4 year degree so it does vary widely.
Tech looks to always/most of the time be the higher pay, with less risk….well up until recently, but always tell them your narrowed down range and why you deserve it. Definitely worth the ask especially if you have options.
The argument that a company will make about not being able to give someone a raise because of transparency is a bunch of BS. They used federal employees as an example and so will I because I''m a federal employee. There are a multitude of ways to financially reward employees and in the federal government that comes in things like unscheduled bonuses, scheduled bonuses that depend on your annual performance evaluations and even early within grade step increases. Everyone can still have the same base salary but it's complete nonsense to say that because of transparency they cannot give employee A a raise over employee B if employee A is an exceptional worker.
I have my first assignment using the app today. It was great to be able to review the training, vods I feel more confident!
My former employer was pretty open about pay and stuck to the scale. The got around this by making new job titles. I made more than my peers and to do that they made a new title. I did good work and we saw a 5x revenue from my primary client. It was funny to see the loopholes.
in Austria we have this law since years. basically companies just copy an paste the salary from each other now :). if the salary is just 100 euro higher than the others, you can clearly see that they really need a new employee :)
“No one wants to work anymore” especially for cheap companies who dont pay
"Nobody wants to work anymore" Not for $10/hr, part-time/no benefits, nights, weekends, holidays...Yep! Lots of jobs out there; you just need to work 3 of them to make ends meet and Hope they will work with your Other employers schedules. Do what you gotta do, but you shouldn't have to be killing yourself especially when you don't have any insurance cause you're only a part-time employee🤔
At my last job, I was being underpaid and I was working in a toxic environment where I was being micromanaged and harrassed by one of my coworkers. I did report my coworker who harassed me but they late promoted her and I found out how much she was paid. She got promoted for the position I wanted and I have been asking for over a year. I was also one of the top performers but my old manager at my last job decided to give me more work instead of offering a promotion and would tell me to “ deal with it “. My manager at my last job was also lying to me saying she didn’t know how much that position paid and she didn’t know who will be promoted. I found out she was lying because I asked my coworkers how much is the pay for that position and I did research on my companies website and Glassdoor. That was my final straw. I started applying to higher paying jobs and going to interviews and I increased my salary when I got my new job in December of last year. I get paid more at my new job than I would have if I did get the promotion at my last job. When I quit my last job, I gave my manager a same day notice instead of a 2 weeks notice. My last job was firing people left and right and I was not giving them a reason to fire me which is why I gave a same day notice. I feel like some companies don’t want to be open about pay transparency because their employees will realize that they are getting underpaid and will quit.
I was in a role for a few years and was the best on my team and post COVID when I had been doing 50+ hour weeks for a desk job I found out that the new trainees were being hired and paid significantly more. I mentioned this and mentioned I was looking for new roles and was not only promoted at the end of the year which was expected but I also received a 10% increase mid year which was unheard of. I still left at the end of 2022 for a new better role but it’s always good to ask especially if you know you’re worth more
Do not stop talking about your pay, it will only benefit those that exploit you
i freaking love this pay transparency, now i know what to ask, and not look like an idiot when i asked for a salary, and also not me leaving money on the table when there's potential that the jobs does pay for.
People are talking about pay because we're angry and know we're being taken advantage of. We're made to suffer and endure endless, searing stress all so rich people can get richer. Our politicians are worthless. Everything continues to go up but pay doesn't. I feel like I'm a captive in this stress pit of a country.
It’s important to share your pay with everyone. I’ve always shared my pay…even I was asked not to. It is a great tattletale of where the market is.
When I left my old job, I let my old colleagues know what my new pay was. I liked them and wanted them to know what they could be getting paid for that type of work.
LMAO @ "it hurts higher educated workers". "We're afraid other workers will come banging on our door when they realize you make so much more than them, so we can't pay you that much". If a company can't explain to other workers why one makes more than another, then someone is being paid unfairly. There's really no reason to keep salaries quiet. In the end it should help employers as they can tell others "This is what you need to do to make more".
That individualistic point of 'I can't pay you more because everyone else will come knocking' is not something thats bad.
We'd rather have that, than have the company underpay the majority of their workers and these huge executives pocketing and concentrating their wealth.
It could also mean everyone gets to be underpaid. Be careful what you wish for.
That's exactly what it is.
when i applied to jimmy johns on indeed, they advertised $16/hr for drivers. when i did the actual interview, they said it was actually only $7.25
Was just severely disappointed as well. My logistics job from indeed told me $20 an hour…but got placed with $18. Load of BS. Shouldn’t be allowed to lie like that
Up to...!
That called false advertising
Managers hate when I talk money with coworkers but how else are we supposed to waste our time on the clock?
Used to be a policy in most of the places I worked that you didn't share your wages with anyone else in the company. Management would get bent out of shape and start threatening folks about it.
Imagine being able to hire a lawyer to negotiate salary bumps for you, wouldn't that be crazy? Imagine if you decided to pool the cost of that legal representation with a few colleagues, wouldn't that be smart? Oh, that's how unions work? *shocked pikachu face*
It's crazy how we have been convinced that having lobbyists representing the interests of big business is okay, while having lobbyists representing the interests of normal workers is going to cause economic devastation.
I think that they also should make a law that we should get a 2% or based on inflation raise every year. If you’ve been in retail, restaurant, or any kind of service industry. Your wages have stayed the same for 20 or 25 years. If not more. There’s no guarantee raise in those jobs. And when you talk to your manager about it they literally laughing your face. Why would entry level jobs not get a raise. If you stay at that position fire or five or 10 years. People say oh you should move up but not everybody wants to be a manager. and everybody wonders why the customer service has gone down dramatically in the service industry. Because your pricing out all the good people. That loved their job and loved working with the public. But can’t afford to
I work in the shipyard industry and started at $10.50hr in beginning of 2017 with no experience, I was a tank washer and pipe flusher and was at that company for about 2.5yrs and when I left I was making $14.50hr. The company I went to with a new job (still shipyard related) started me at $18hr with no experience then bumped me to $24hr 6 months later and I was with that company for 3yrs and was still at $24hr and I got hired on directly by the prime contractor doing the same exact job and started at $30.29hr and now I'm a safety representative for the same company making $35hr. Moral of the story is change jobs and or companies every 2-4yrs you'll give yourself a better raise doing that then trying to stay loyal to one company for life with incremental raises, I've more than TRIPLED my income in 6yrs with no college degree doing this and it seems to work 🤷
There are ways around this. A company can post the Max amount of pay, and then higher you for a smaller amount with the "promise" you'll get there eventually.
When I was a camp councilor I got paid $1.75 per hour;however, when I was hired I was not told about my hourly wages then after I got my paychecks I was told about my hourly wage towards the end of the summer! So, I made 1500 dollars when I should have made 5500 dollars! If, I had known about my hourly wage and my overall pay for the entire the summer, I would have not taken the job! With my job today, I automatically know how much I am getting paid per hour and I have less stress because of it!!
I work for fed government and someone with exact title as me hired at the same day with less experience makes 20k more than me.
Well needed
Yes! Tell us the pay up front
Feel like this is good for everybody. Employees know what to expect and like the guy at the end said it forces employers to increase wages based on meaningful KPIs and not circumstantially side negations. Yes it will decrease the ability to earn significantly more on a dime but it will mean that if you do you truly deserved it.
simply - people are tired of getting shafted by their employers in multiple ways. Employers need to PAY PEOPLE FAIRLY.
They need to start having healthcare transparency as well. The fact that I don’t get more pay for not using my employers healthcare is BS.
TL;DR: from now on you’re gonna have to wait for a labor shortage to get a raise
Hope to see more of this topic. 🔎Amazing that employers say they don't want salary transparency.. yet I need to have a tranparent resume 🤔.. I worked at the State Labor Depart. for 19yr (70yr retired) job placement of clients. 💡I would like a video showing how many tax credits, subsidies, and programs available to employers ! ... example: TOE-programs, etc. ! 🌂 or ☂️ ...thanks
Are you sure you can get that?
Pay transparency should be the law everywhere
I am entering the workforce and SHOCKED that I don’t have the option to look up a pay range to know whether it’s worth my time to bother applying!!
The Pay range is $1-$1,000,000
For what
In the area I’m at, employers are an absolute joke.
The list of experience and skills and education they want is absolutely ridiculous, because they want to pay you practically nothing.
I interviewed with an employer just yesterday… she sounded aggressive during the interview, and wanted for me to work nights, weekends, holidays and not take any time off within the first 6 months.
The pay? A whole $13 dollars.
I can NOT provide for my family with $13 dollars/hr.
I have various certifications and a Master’s. Those jobs are not good ROIs.
What a joke. She knew you have a master's?
Companies will do anything to tell their employees that they're doing new things to give them better pay. However, at those times, your pay increase are usually at their lowest, from the typical 4-5% down to 2-3%. They'll never give you anything more than what you've already gotten, despite all the goodwill they promise.
So weird, I do not live in America, where I live it is common practice that salary or hourly wage ranges are posted with the job posting. No one thinks it's controversial, no one bats an eye at it, it is completely normal. It hasn't negatively affected wages, but hasn't made them grow sky high either. I like it because it saves everyone time: if the wage is too, I don't even bother to apply. It's also totally normal to just reach out to the company and ask.
Our employers hate posting wages because they're always hoping to lowball workers.
4:55 so pay inequity is reduced, sounds like a good unintended consequence to me.
Pay Transparency should be a given right to all Citizens, so discrimination is a thing of the past.
Pay transparency is great, and it used to be much worse for job applicants because even just 10 years ago employers could require you to disclose your pay history, without posting the salary range. So getting underpaid at one job would haunt you down the line and you wouldn’t even know it.
There is no hidden cost. It’s completely transparent. No exploitation, employers aren’t chattel slave owners and this episode is basically saying that it would be “harder” to run their business. It’s called getting your fair share of your efforts and work, not hoping that you are going to be okay when others are making between 50-300% as counterparts. The idea that the word “transparency” itself is viewed in a negative connotation means that honesty is antithetical to business and it speaks volumes on American industry ethics worldviews
I walked out of plenty of interviews where they finally mentioned the pay and it was below my expectations.