What Do You Make? New Initiatives for Salary Transparency

Published 03 November 2022

Author
Emilia Morano-Williams
2 min read

All eyes are on salary transparency. As of November 2022, New York City-based businesses with over four employees must include salary ranges in job posts. Plenty of companies and initiatives are joining the city and shedding light on what people earn. We present three schemes chipping away at the money taboo.

  • Para Demystifies Earnings for Gig Workers: US app Para offers delivery drivers with companies like Postmates, DoorDash and Uber Eats a preview of how much money they’ll earn from a specific job. While other price-revealing apps are available, Para distinguishes itself by sharing what the recipient chose to tip, letting drivers prioritise trips with the best time-to-earnings ratio (this feature has inspired ire from companies including Uber). Acknowledging that many factors contribute to a job’s value, Para also lets drivers report rude customers and unsafe neighbourhoods.

  • Salary Transparent Street Reveals Wages on TikTok: TikTok profile @salarytransparentstreet, led by 25-year-old former data analyst Hannah Williams, travels around the US and stops people on the street to ask them what they earn. Highlighted careers span from grocery store employees making $15 an hour to financial analysts earning $75,000 base pay per year. To provide context, people are also asked whether they negotiated their salary. Alongside the TikTok page, Salary Transparent Street operates a salary database, where people can find detailed wages for a variety of careers.

  • UK Government Trials Pay Visibility: In March 2022, the UK government announced a trial during which companies would voluntarily include salary ranges in job postings. While the trial was created to address the gender pay gap, the scheme would benefit the 36% of jobseekers who have turned down offers after going through lengthy interviews because the pay was too low (Adzuna, 2022). Meanwhile, worker-led organisations are taking transparency into their own hands. See The Pay 100, which launched in early 2022 to collate and share salaries for people working in architecture.

Want to know more?

This article is an example of the trends Stylus is constantly tracking and analysing around evolving Consumer Attitudes. Get in touch so someone from the Stylus team can explain how your business can harness the power of trends and insights like these – and more.