The Case for Salary Transparency

The Career Contessa website recently launched The Salary Project, a database to compare salaries within your industry and receive a personalized salary review service. Lauren McGoodwin, Founder and CEO of Career Contessa joins Your Cheddar to discuss why she feels salary transparency would create an equal work environment. McGoodwin believes salary transparency can create more of an open dialogue when it comes to closing the gender pay gap. Also, seeing what managers or superiors make could encourage employees to work harder to move up the food chain. Plus, how can you negotiate a salary you believe your skills deserve? McGoodwin says to make sure you know the difference between your self-worth and your net-worth. You can't make it personal when you don't get a raise. Your employer is paying you based on the skills you have, not the person you are.

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