Rachel Feintzeig

speaker

1,709 appearances 29 recordings 1 series first heard Aug 2019 last heard Nov 2024

Rachel Feintzeig’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · How to Turn Pay-Transparency Revelations Into a Raise · 7 Dec 2022 podcast

That might not be a problem. voice-verified

They might have more experience. voice-verified

They might have different education. voice-verified

They might be hired in a different market. voice-verified

There might be a higher cost of living. voice-verified

Someone else is hired remotely. voice-verified

Someone else lives in San Francisco. voice-verified

That can impact pay. voice-verified

There are a lot of factors why people might have different pay. voice-verified

I mean, another reason which maybe isn't that fair and which I think does bother a lot of employees, but you have to take the hiring market into account. voice-verified

And yet they haven't been passing along those raises necessarily to their existing employees at the same rate. voice-verified

So you can see big disparity there, too, if you have a new coworker who's coming in who had to be hired at $100,000, whereas you were hired, you know, when times were a little tougher and you're still making $80,000. voice-verified

Yeah, if you're really going to go in and point to someone else and say, like, they make more than me, I think I need a raise, you really want to tread very lightly on having that exact discussion. voice-verified

And so you probably only want to do that if the pay differential is substantial. voice-verified

I had one comp expert tell me, like, it really should be 15% or more if you're going to just go in straight and have that conversation. voice-verified

And then the other thing would be if it's multiple members of your team. voice-verified

are like seriously out earning you. voice-verified

So something like, you know, you're on a team of six, you're the top performer, you know, all five other people make 20% more than you. voice-verified

That would be a pretty compelling argument, he told me. voice-verified

Yeah. voice-verified

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