How to Turn Pay-Transparency Revelations Into a Raise
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Here's your Money Briefing for Wednesday, December 7th. I'm J.R. Whelan for The Wall Street Journal. It's no longer taboo to talk about salaries with your fellow co-workers. But what if you find out your co-worker is making more than you? Your first thought might be to schedule a chat with the boss.
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.
So when's the right time to ask the boss for a raise? And what should you do if you don't get that raise? Our work and life columnist Rachel Feinzig discusses what happens after pay transparency, after the break.
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How are pay-transparency laws changing workplace salary conversations?
Pay transparency laws have cast a spotlight on salaries and salary ranges. That might help job seekers figure out which job would be a good fit, but it can also create awkward situations among coworkers who now have a pretty good idea of what everyone else is making. So what can you do if you find out you're making less than your office mates? WSJ Work and Life columnist Rachel Feinzig has written about this, and she joins me now to discuss. Hey, Rachel, thank you for being here.
Thanks so much for having me.
So, you know, Rachel, talking about salaries with your coworkers was seen as taboo really until fairly recently. Why has that changed? Is it just because of these new pay transparency laws?
I think that's some of it. It's hard to know where the chicken and the egg, you know, like where it all starts. I mean, we've also seen younger workers for years now, not just Gen Z, but younger workers kind of talking more openly about their pay. I remember, you know, probably like even like six years ago, eight years ago, Our group at the Journal writing about some smaller companies that were piloting pay transparency. And then we had social media where Gen Zers are sharing their salaries. On TikTok, we had workers, I think especially in the post Me Too era, workers kind of compiling their own work. homegrown pay equity spreadsheets where they would kind of try to get anonymized data from people either in their company or as part of kind of an industry-wide group.
I think there's been this push of people saying, we want to make sure we're being paid fairly and we want to know what other people are making.
But just because salary talk has become more common and accepted among workers, it doesn't mean that everyone is comfortable talking about that, right?
Oh, yeah. It's still completely taboo for a lot of people. I mean, you know, I talked to a person who is younger, who is one of these Gen Zers who put her salary out there on TikTok and now runs this platform called Salary Transparency, where what she does is she does these kind of Man or woman on the street interviews asking people what they do and how much they make. And she said, yeah, some people, they're just confused or they're taken aback. People ask her things like, you know, what are you going to ask for my social security number next?
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