Tao Francis

speaker

430 appearances 7 recordings 1 series first heard Nov 2017 last heard Nov 2022

Tao Francis’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Pay Transparency: Broad Salary Ranges Leave Some Job Seekers Puzzled · 8 Nov 2022 podcast

And that helps them sort of aggregate what different kinds of jobs pay at different companies.

All of this is information that you can kind of bring in and put together with the employer's, you know, pay range and get a better picture overall.

Thank you.

WSJ Your Money Briefing · Size Matters: How Companies Pay Their Workers · 2 Aug 2018 podcast

I'm J.R.

Certainly, this analysis really only looked at public companies because those are the companies that are required now to disclose the pay of the median employee.

That is the employee smack in the middle of the distribution from the highest paid to lowest paid.

So this is explicitly looking at public companies, but not just the biggest public companies.

We looked at about 1100, as you said, and that includes some that are pretty small and that most people probably wouldn't have heard of.

That's right.

And that's maybe not too surprising.

Companies compete with one another for talent and for skilled labor.

And a well-known home builder or a well-known biotech company is competing with lesser companies as well.

So you see really a range of pay across well-known and lesser-known names.

Yeah, that's right.

I mean, it's not so much the range of salaries, but where most people are.

If you have a really even distribution between a very low minimum wage kind of number and a very high number, then your midpoint will be somewhere in the middle.

But if you have a whole lot

of low-paid employees, as many restaurant and hospitality companies do, then you're more likely to have a much lower median pay number.

So you see companies that have a large seasonal workforce or a large part-time workforce, neither of those are adjusted for in the SEC's methodology.

And so you see those median pay numbers go way down, sometimes down below $10,000 a year.

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