Why you should know how much your coworkers get paid | David Burkus

207,660 views ใƒป 2016-10-11

TED


ืื ื ืœื—ืฅ ืคืขืžื™ื™ื ืขืœ ื”ื›ืชื•ื‘ื™ื•ืช ื‘ืื ื’ืœื™ืช ืœืžื˜ื” ื›ื“ื™ ืœื”ืคืขื™ืœ ืืช ื”ืกืจื˜ื•ืŸ.

ืžืชืจื’ื: Tal Hemo ืžื‘ืงืจ: Sigal Tifferet
00:13
How much do you get paid?
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ื›ืžื” ืืชื ืžืจื•ื•ื™ื—ื™ื?
00:15
Don't answer that out loud.
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ืืœ ืชืขื ื• ืขืœ ื–ื” ื‘ืงื•ืœ ืจื
00:17
But put a number in your head.
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ืื‘ืœ ืชื—ืฉื‘ื• ืขืœ ืžืกืคืจ ื‘ืจืืฉ.
00:20
Now: How much do you think the person sitting next to you gets paid?
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ืขื›ืฉื™ื•: ื›ืžื” ืืชื ื—ื•ืฉื‘ื™ื ืžืจื•ื•ื™ื— ื”ืื“ื ืฉื™ื•ืฉื‘ ืœื™ื“ื›ื?
00:25
Again, don't answer out loud.
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ืฉื•ื‘, ืืœ ืชืขื ื• ื‘ืงื•ืœ ืจื.
00:27
(Laughter)
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(ืฆื—ื•ืง)
00:29
At work, how much do you think
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ื‘ืขื‘ื•ื“ื”, ื›ืžื” ืืชื ื—ื•ืฉื‘ื™ื
00:31
the person sitting in the cubicle or the desk next to you gets paid?
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ืžืจื•ื•ื™ื— ื”ืื“ื ื‘ืชื ืื• ื‘ืฉื•ืœื—ืŸ ืœื™ื“ื›ื?
00:35
Do you know?
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ื”ืื ืืชื ื™ื•ื“ืขื™ื?
00:36
Should you know?
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ื›ื“ืื™ ืœื›ื ืœื“ืขืช?
00:38
Notice, it's a little uncomfortable for me to even ask you those questions.
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ืฉื™ืžื• ืœื‘, ื–ื” ืงืฆืช ืœื ื ืขื™ื ื‘ืฉื‘ื™ืœื™ ืืคื™ืœื• ืœืฉืื•ืœ ืืชื›ื ืืช ื”ืฉืืœื•ืช ื”ืืœื•.
00:42
But admit it -- you kind of want to know.
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ืื‘ืœ ืชื•ื“ื• ืฉืืชื ื“ื™ ืกืงืจื ื™ื ืœื“ืขืช.
00:46
Most of us are uncomfortable with the idea of broadcasting our salary.
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ืจื•ื‘ื ื• ืœื ื—ืฉื™ื ื‘ื ื•ื— ืœืคืจืกื ืืช ื”ืžืฉื›ื•ืจืช ืฉืœื ื•,
00:50
We're not supposed to tell our neighbors,
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ืื ื—ื ื• ืœื ืืžื•ืจื™ื ืœื’ืœื•ืช ืœืฉื›ื ื™ื ืฉืœื ื•,
00:52
and we're definitely not supposed to tell our office neighbors.
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ื•ืื ื—ื ื• ื‘ื•ื•ื“ืื™ ืœื ืืžื•ืจื™ื ืœื’ืœื•ืช ืœืฉื›ื ื™ื ืฉืœื ื• ื‘ืžืฉืจื“.
00:55
The assumed reason is that if everybody knew what everybody got paid,
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ื”ื”ื ื—ื” ื”ื™ื ืฉืื ื›ื•ืœื ื™ื“ืขื• ื›ืžื” ื›ืœ ืื—ื“ ืžืจื•ื•ื™ื—,
00:59
then all hell would break loose.
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ื™ืคืจื•ืฅ ืชื•ื”ื• ื•ื‘ื•ื”ื•.
01:01
There'd be arguments, there'd be fights,
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ื™ื”ื™ื• ื•ื™ื›ื•ื—ื™ื ื•ืžืจื™ื‘ื•ืช,
01:03
there might even be a few people who quit.
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ื›ืžื” ืื ืฉื™ื ืขืœื•ืœื™ื ืืคื™ืœื• ืœื”ืชืคื˜ืจ.
01:05
But what if secrecy is actually the reason for all that strife?
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ืื‘ืœ ืžื” ืื ื”ืกื•ื“ื™ื•ืช ื”ื™ื ืœืžืขืฉื” ื”ืกื™ื‘ื” ืœื›ืœ ื”ืกื›ืกื•ืš ื”ื–ื”?
01:09
And what would happen if we removed that secrecy?
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ื•ืžื” ื™ืงืจื” ืื ื”ื™ื™ื ื• ืžืกื™ืจื™ื ืืช ื”ืกื•ื“ื™ื•ืช ื”ื–ื•?
01:12
What if openness actually increased the sense of fairness and collaboration
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ืžื” ืื ืคืชื™ื—ื•ืช ื“ื•ื•ืงื ืชื’ื‘ื™ืจ ืืช ืชื—ื•ืฉืช ื”ื”ื•ื’ื ื•ืช
ื•ืืช ืฉื™ืชื•ืฃ ื”ืคืขื•ืœื” ื‘ืชื•ืš ื”ื—ื‘ืจื”?
01:16
inside a company?
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01:17
What would happen if we had total pay transparency?
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ืžื” ื”ื™ื” ืงื•ืจื” ืื ื”ื™ืชื” ืœื ื• ืฉืงื™ืคื•ืช ืฉื›ืจ ืžืœืื”?
01:22
For the past several years,
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ื‘ืฉื ื™ื ื”ืื—ืจื•ื ื•ืช
01:23
I've been studying the corporate and entrepreneurial leaders
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ื—ืงืจืชื™ ืืช ื”ืžื ื”ื™ื’ื™ื ื”ืชืื’ื™ื“ื™ื™ื ื•ื”ื™ื–ืžื™ื™ื
01:26
who question the conventional wisdom about how to run a company.
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ืฉืžื˜ื™ืœื™ื ืกืคืง ื‘ื“ืขื” ื”ืจื•ื•ื—ืช ืขืœ ืื™ืš ืœื ื”ืœ ื—ื‘ืจื”.
01:30
And the question of pay keeps coming up.
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ื•ืชืžื™ื“ ืขื•ืœื” ืฉืืœืช ื”ืžืฉื›ื•ืจืช.
01:33
And the answers keep surprising.
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ื•ื”ืชืฉื•ื‘ื•ืช ืžืžืฉื™ื›ื•ืช ืœื”ืคืชื™ืข.
01:36
It turns out that pay transparency --
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ืžืชื‘ืจืจ ืฉืฉืงื™ืคื•ืช ืฉื›ืจ โ€“
01:38
sharing salaries openly across a company --
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ืฉื™ืชื•ืฃ ื’ืœื•ื™ ืฉืœ ืžืฉื›ื•ืจื•ืช ืขืœ ืคื ื™ ื”ื—ื‘ืจื” ื›ื•ืœื” โ€“
01:40
makes for a better workplace for both the employee
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ืžืฉืคืจ ืืช ืžืงื•ื ื”ืขื‘ื•ื“ื”
ื”ืŸ ืœืขื•ื‘ื“ ื•ื”ืŸ ืœืืจื’ื•ืŸ.
01:43
and for the organization.
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01:45
When people don't know how their pay compares to their peers',
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ื›ืฉืื ืฉื™ื ืœื ื™ื•ื“ืขื™ื ืื™ืš ืฉื›ืจื ืžืฉืชื•ื•ื” ืœืขืžื™ืชื™ื”ื,
01:48
they're more likely to feel underpaid
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ื’ื“ืœ ื”ืกื™ื›ื•ื™ ืฉื”ื ื™ืจื’ื™ืฉื• ืฉืฉื›ืจื ื ืžื•ืš ืžื“ื™ื™
01:50
and maybe even discriminated against.
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ื•ืื•ืœื™ ืืคื™ืœื• ืžื•ืคืœื™ื ืœืจืขื”.
01:52
Do you want to work at a place that tolerates the idea
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ื”ืื ืืชื ืจื•ืฆื™ื ืœืขื‘ื•ื“ ื‘ืžืงื•ื ืฉืžืฉืœื™ื ืขื ื”ืจืขื™ื•ืŸ
01:55
that you feel underpaid or discriminated against?
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ืฉืืชื ืžืจื’ื™ืฉื™ื ืžืงื•ืคื—ื™ื ืื• ืžื•ืคืœื™ื?
01:58
But keeping salaries secret does exactly that,
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ืฉืžื™ืจืช ืžืฉื›ื•ืจื•ืช ื‘ืกื•ื“ ืขื•ืฉื” ื‘ื“ื™ื•ืง ืืช ื–ื”,
02:01
and it's a practice as old as it is common,
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ื•ื–ื” ืžื ื”ื’ ืขืชื™ืง ื›ืžื• ืฉื”ื•ื ื ืคื•ืฅ,
02:04
despite the fact that in the United States,
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ืœืžืจื•ืช ื”ืขื•ื‘ื“ื” ืฉื‘ืืจืฆื•ืช ื”ื‘ืจื™ืช
02:06
the law protects an employee's right to discuss their pay.
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ื”ื—ื•ืง ืฉื•ืžืจ ืขืœ ื–ื›ื•ืชื ืฉืœ ื”ืขื•ื‘ื“ื™ื ืœื“ื•ืŸ ืขืœ ืฉื›ืจื.
02:11
In one famous example from decades ago,
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ื‘ื“ื•ื’ืžื ืžืคื•ืจืกืžืช ืื—ืช ืœืคื ื™ ืขืฉื•ืจื™ื,
02:13
the management of Vanity Fair magazine
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ื”ื”ื ื”ืœื” ืฉืœ ืžื’ื–ื™ืŸ "ื•ืื ื˜ื™ ืคื™ื™ืจ"
02:16
actually circulated a memo entitled:
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ืคืจืกืžื” ืชื–ื›ื™ืจ ืฉื›ื•ืชืจืชื•:
02:18
"Forbidding Discussion Among Employees of Salary Received."
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"ืื™ืกื•ืจ ื“ื™ื•ืŸ ื‘ื ื•ืฉื ืฉื›ืจ ื‘ืงืจื‘ ืขื•ื‘ื“ื™ื."
02:21
"Forbidding" discussion among employees of salary received.
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"ืื™ืกื•ืจ" ื“ื™ื•ืŸ ื‘ื ื•ืฉื ืฉื›ืจ ื‘ืงืจื‘ ืขื•ื‘ื“ื™ื.
02:25
Now that memo didn't sit well with everybody.
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ื•ื‘ื›ืŸ, ื”ืชื–ื›ื™ืจ ื”ื–ื” ืœื ื”ืชืงื‘ืœ ื‘ื‘ืจื›ื” ืขืœ ื™ื“ื™ ื›ื•ืœื.
02:27
New York literary figures Dorothy Parker,
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ื”ืกื•ืคืจื™ื ืžื ื™ื• ื™ื•ืจืง, ื“ื•ืจื•ืชื™ ืคืืจืงืจ,
02:29
Robert Benchley and Robert Sherwood,
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ืจื•ื‘ืจื˜ ื‘ื ืฆ'ืœื™ ื•ืจื•ื‘ืจื˜ ืฉืจื•ื•ื“,
02:31
all writers in the Algonquin Round Table,
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ื›ื•ืœื ืกื•ืคืจื™ื ื‘"ืฉื•ืœื—ืŸ ื”ืืœื’ื•ื ืงื•ื•ื™ืŸ ื”ืขื’ื•ืœ",
02:33
decided to stand up for transparency
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ื”ื—ืœื™ื˜ื• ืœื”ืœื—ื ืœืžืขืŸ ืฉืงื™ืคื•ืช
02:35
and showed up for work the next day
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ื•ื™ื•ื ืœืžื—ืจืช ื”ื’ื™ืขื• ืœืขื‘ื•ื“ื”
02:37
with their salary written on signs hanging from their neck.
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ืขื ื”ืžืฉื›ื•ืจื•ืช ืฉืœื”ื ื›ืชื•ื‘ื•ืช ื‘ืฉืœื˜ื™ื ืฉืชืœื•ื™ื™ื ืขืœ ืฆื•ื•ืืจื.
02:40
(Laughter)
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(ืฆื—ื•ืง)
02:42
Imagine showing up for work
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ืชื“ืžื™ื™ื ื• ืืช ืขืฆืžื›ื ืžื’ื™ืขื™ื ืœืขื‘ื•ื“ื”
02:44
with your salary just written across your chest for all to see.
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ื›ืฉื”ืžืฉื›ื•ืจืช ืฉืœื›ื ื›ืชื•ื‘ื” ืขืœ ื”ื—ื–ื” ืฉื›ื•ืœื ื™ื•ื›ืœื• ืœืจืื•ืช.
02:49
But why would a company even want to discourage salary discussions?
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ืื‘ืœ ืœืžื” ืฉื—ื‘ืจื” ื‘ื›ืœืœ ืชืจืฆื” ืœื”ื ื™ื ืžื“ื™ื•ื ื™ื ืขืœ ืžืฉื›ื•ืจื•ืช?
02:52
Why do some people go along with it, while others revolt against it?
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ืœืžื” ื™ืฉื ื ืื ืฉื™ื ืฉืžืฉืชืคื™ื ืคืขื•ืœื” ืขื ื–ื” ื‘ืขื•ื“ ืื—ืจื™ื ืžื•ืจื“ื™ื ื ื’ื“ ื–ื”?
02:57
It turns out that in addition to the assumed reasons,
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ืžืกืชื‘ืจ ืฉื‘ื ื•ืกืฃ ืœื”ื ื—ื•ืช ื”ืจื•ื•ื—ื•ืช,
03:00
pay secrecy is actually a way to save a lot of money.
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ืชืฉืœื•ื ื‘ืกื•ื“ื™ื•ืช ื”ื™ื ืœืžืขืฉื” ื“ืจืš ืœื—ืกื•ืš ื”ืจื‘ื” ื›ืกืฃ.
03:04
You see, keeping salaries secret
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ืืชื ืžื‘ื™ื ื™ื, ืฉืžื™ืจืช ื”ืžืฉื›ื•ืจื•ืช ื‘ืกื•ื“
03:06
leads to what economists call "information asymmetry."
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ืžื•ื‘ื™ืœื” ืœืžื” ืฉื›ืœื›ืœื ื™ื ืžื›ื ื™ื "ืžื™ื“ืข ื-ืกื™ืžื˜ืจื™".
03:09
This is a situation where, in a negotiation,
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ื–ื”ื• ืžืฆื‘ ื‘ื•, ื‘ืžืฉื ื•ืžืชืŸ,
03:11
one party has loads more information than the other.
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ืœืงื‘ื•ืฆื” ืื—ืช ื™ืฉ ื”ืจื‘ื” ื™ื•ืชืจ ืžื™ื“ืข ืžืœืงื‘ื•ืฆื” ื”ืฉื ื™ื”.
03:14
And in hiring or promotion or annual raise discussions,
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ื•ื‘ื“ื™ื•ื ื™ื ืขืœ ืงื‘ืœื” ืœืขื‘ื•ื“ื”, ืงื™ื“ื•ื ืื• ื”ืขืœืื” ื‘ืฉื›ืจ,
03:18
an employer can use that secrecy to save a lot of money.
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ื”ืžืขืกื™ืง ื™ื›ื•ืœ ืœื”ืฉืชืžืฉ ื‘ืกื•ื“ื™ื•ืช ื”ื–ื• ืขืœ ืžื ืช ืœื—ืกื•ืš ื”ืจื‘ื” ื›ืกืฃ.
03:22
Imagine how much better you could negotiate for a raise
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ืชื“ืžื™ื™ื ื• ื›ืžื” ื˜ื•ื‘ ื™ื•ืชืจ ื™ื›ื•ืœืชื ืœื”ืชืžืงื— ืขืœ ื”ืขืœืื” ื‘ืฉื›ืจ
03:25
if you knew everybody's salary.
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ืื ื™ื“ืขืชื ืืช ื”ืžืฉื›ื•ืจื•ืช ืฉืœ ื›ื•ืœื.
03:29
Economists warn that information asymmetry
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ื›ืœื›ืœื ื™ื ืžื–ื”ื™ืจื™ื ื›ื™ ืžื™ื“ืข ื-ืกื™ืžื˜ืจื™
03:32
can cause markets to go awry.
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ื™ื›ื•ืœ ืœื’ืจื•ื ืœืฉื•ื•ืงื™ื ืœื”ืฉืชื‘ืฉ.
03:33
Someone leaves a pay stub on the copier,
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ืžื™ืฉื”ื• ืžืฉืื™ืจ ืชืœื•ืฉ ืžืฉื›ื•ืจืช ื‘ืžื›ื•ื ืช ืฆื™ืœื•ื
03:35
and suddenly everybody is shouting at each other.
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ื•ืœืคืชืข ื›ื•ืœื ืฆื•ืขืงื™ื ืื—ื“ ืขืœ ื”ืฉื ื™.
03:38
In fact, they even warn
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ืœืžืขืฉื”, ื”ื ืืคื™ืœื• ืžื–ื”ื™ืจื™ื
03:40
that information asymmetry can lead to a total market failure.
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ืฉืžื™ื“ืข ื-ืกื™ืžื˜ืจื™ ื™ื›ื•ืœ ืœื”ื•ื‘ื™ืœ ืœื›ืฉืœ ืฉื•ืง ืžื•ื—ืœื˜.
03:46
And I think we're almost there.
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ื•ืื ื™ ื—ื•ืฉื‘ ืฉืื ื—ื ื• ื›ืžืขื˜ ืฉื.
03:48
Here's why:
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ื•ื–ื• ื”ืกื™ื‘ื”:
03:49
first, most employees have no idea how their pay compares to their peers'.
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ืจืืฉื™ืช, ืœืจื•ื‘ ื”ืขื•ื‘ื“ื™ื ืื™ืŸ ืžื•ืฉื’ ืื™ืš ื”ืžืฉื›ื•ืจืช ืฉืœื”ื ืžืฉืชื•ื•ื” ืœืขืžื™ืชื™ื”ื ืœืขื‘ื•ื“ื”.
03:54
In a 2015 survey of 70,000 employees,
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ื‘ืกืงืจ ืฉื ืขืจืš ื‘-2015 ืฉืœ ื›-70,000 ืขื•ื‘ื“ื™ื,
03:58
two-thirds of everyone who is paid at the market rate
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ืฉื ื™ ืฉืœื™ืฉ ืžื”ืžืฉืชืชืคื™ื ืฉืžืฉืชื›ืจื™ื ืœืคื™ ืฉืขืจ ื”ืฉื•ืง
04:02
said that they felt they were underpaid.
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ืขื ื• ืฉื”ื ืžืจื’ื™ืฉื™ื ืฉืœื ืžืฉืœืžื™ื ืœื”ื ืžืกืคื™ืง.
04:05
And of everybody who felt that they were underpaid,
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ื•ืžืชื•ืš ื›ืœ ืืœื• ืฉืขื ื• ื›ืš,
04:07
60 percent said that they intended to quit,
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60 ืื—ื•ื– ืืžืจื• ืฉื”ื ืžืชื›ื•ื•ื ื™ื ืœื”ืชืคื˜ืจ,
04:10
regardless of where they were -- underpaid, overpaid
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ืœืœื ืงืฉืจ ืœื”ื™ื›ืŸ ื”ื ื”ื™ื• โ€“ ื‘ืขืœื™ ืžืฉื›ื•ืจื•ืช ื ืžื•ื›ื•ืช ืื• ื’ื‘ื•ื”ื•ืช
04:13
or right at the market rate.
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ืื• ื‘ื“ื™ื•ืง ื‘ืฉืขืจ ื”ืฉื•ืง.
04:16
If you were part of this survey, what would you say?
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ืื ืืชื ื”ื™ื™ืชื ื—ืœืง ืžื”ืกืงืจ, ืžื” ื”ื™ื™ืชื ืขื•ื ื™ื?
04:18
Are you underpaid?
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ื”ืื ืžืฉืœืžื™ื ืœื›ื ืžืกืคื™ืง?
04:19
Well, wait -- how do you even know,
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ื•ื‘ื›ืŸ, ืจื’ืข โ€“ ืื™ืš ืชื“ืขื• ื‘ื›ืœืœ,
04:22
because you're not allowed to talk about it?
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ื›ืฉืืชื ืœื ืžื•ืจืฉื™ื ืœื“ื‘ืจ ืขืœ ื–ื”?
04:24
Next, information asymmetry, pay secrecy,
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ืฉื ื™ืช, ืžื™ื“ืข ื-ืกื™ืžื˜ืจื™, ืชืฉืœื•ื ืกื•ื“ื™,
04:28
makes it easier to ignore the discrimination
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ืขื•ื–ืจ ืœื”ืชืขืœื ืžื”ืืคืœื™ื”
04:31
that's already present in the market today.
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ืฉื›ื‘ืจ ืงื™ื™ืžืช ื‘ืฉื•ืง ื”ื™ื•ื.
04:34
In a 2011 report from the Institute for Women's Policy Research,
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ื‘ื“ื•"ื— ืžืฉื ืช 2011 ืฉืœ ื”"ืžื›ื•ืŸ ืœื—ืงืจ ืžื“ื™ื ื™ื•ืช ื”ื ืฉื™ื",
04:37
the gender wage gap between men and women
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ืคืขืจ ื”ืฉื›ืจ ื‘ื™ืŸ ื’ื‘ืจื™ื ืœื ืฉื™ื
04:40
was 23 percent.
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ื”ื™ื” 23 ืื—ื•ื–ื™ื.
04:42
This is where that 77 cents on the dollar comes from.
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ืžื›ืืŸ ืžื’ื™ืข 77 ื”ืกื ื˜ื™ื ืขืœ ื”ื“ื•ืœืจ.
04:45
But in the Federal Government,
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ืื‘ืœ ื‘ืžืžืฉืœื” ื”ืคื“ืจืœื™ืช,
04:47
where salaries are pinned to certain levels
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ื”ื™ื›ืŸ ืฉื”ืžืฉื›ื•ืจื•ืช ืžื•ืฆืžื“ื•ืช ืœืจืžื•ืช ืžืกื•ื™ื™ืžื•ืช
04:49
and everybody knows what those levels are,
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ืฉื›ื•ืœื ื™ื•ื“ืขื™ื ืžื” ื”ืŸ,
ืคืขืจ ื”ืฉื›ืจ ืžืฆื˜ืžืฆื ืœ-11 ืื—ื•ื–ื™ื โ€“
04:51
the gender wage gap shrinks to 11 percent --
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04:53
and this is before controlling for any of the factors
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ื•ื–ื” ืœืคื ื™ ื”ืฉืœื™ื˜ื” ื‘ื’ื•ืจืžื™ื ื›ืœืฉื”ื
04:55
that economists argue over whether or not to control for.
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ืฉื›ืœื›ืœื ื™ื ืžืชื•ื•ื›ื—ื™ื ื”ืื ืœืฉืœื•ื˜ ื‘ื”ื ืื• ืœื.
04:59
If we really want to close the gender wage gap,
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ืื ืื ื• ื‘ืืžืช ืจื•ืฆื™ื ืœืกื’ื•ืจ ืืช ืคืขืจ ื”ืฉื›ืจ ื‘ื™ืŸ ื”ืžื™ื ื™ื,
05:01
maybe we should start by opening up the payroll.
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ืื•ืœื™ ืื ื—ื ื• ืฆืจื™ื›ื™ื ืœื”ืชื—ื™ืœ ื‘ืคืชื™ื—ืช ื’ื™ืœื™ื•ืŸ ื”ืฉื›ืจ.
05:04
If this is what total market failure looks like,
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ืื ื›ืš ื ืจืื” ื›ืฉืœ ืฉื•ืง ืžื•ื—ืœื˜,
05:08
then openness remains the only way to ensure fairness.
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ืื–ื™ ืคืชื™ื—ื•ืช ื ืฉืืจืช ื”ื“ืจืš ื”ื™ื—ื™ื“ื” ืœื”ื‘ื˜ื™ื— ื”ื•ื’ื ื•ืช.
05:12
Now, I realize that letting people know what you make
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ืื ื™ ืžื‘ื™ืŸ ืฉืœืืคืฉืจ ืœืื ืฉื™ื ืœื“ืขืช ื›ืžื” ืืชื ืžืจื•ื•ื™ื—ื™ื
05:14
might feel uncomfortable,
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ืขืœื•ืœ ืœื”ืจื’ื™ืฉ ืœื ื ื•ื—.
05:16
but isn't it less uncomfortable
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ืื‘ืœ ืื™ืŸ ื–ื” ื ื•ื— ื™ื•ืชืจ
05:18
than always wondering if you're being discriminated against,
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ืžืœืชื”ื•ืช ื›ืœ ื”ื–ืžืŸ ื”ืื ืืชื ืžื•ืคืœื™ื ืœืจืขื”,
05:20
or if your wife or your daughter or your sister is being paid unfairly?
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ืื• ื”ืื ื”ื ืฉื™ื ืฉืœื›ืŸ ืื• ื”ื‘ื ื•ืช ืื• ื”ืื—ื™ื•ืช ืฉืœื›ืŸ ืžืงื‘ืœื•ืช ืฉื›ืจ ืœื ื”ื•ื’ืŸ?
05:25
Openness remains the best way to ensure fairness,
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ืคืชื™ื—ื•ืช ื ืฉืืจืช ื”ื“ืจืš ื”ื›ื™ ื˜ื•ื‘ื” ืœื”ื‘ื˜ื™ื— ื”ื’ื™ื ื•ืช,
05:29
and pay transparency does that.
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ื•ืฉืงื™ืคื•ืช ืฉื›ืจ ืขื•ืฉื” ื–ืืช.
05:31
That's why entrepreneurial leaders and corporate leaders
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ื–ื• ื”ืกื™ื‘ื” ืฉืžื ื”ื™ื’ื™ ื™ื–ืžื•ืช ื•ืชืื’ื™ื“ื™ื
05:34
have been experimenting with sharing salaries for years.
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ื”ืชื ืกื• ื‘ืฉื™ืชื•ืฃ ืžืฉื›ื•ืจื•ืช ื‘ืžืฉืš ืฉื ื™ื.
05:37
Like Dane Atkinson.
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ื›ืžื• ื“ื™ื™ืŸ ืื˜ืงื™ื ืกื•ืŸ.
05:38
Dane is a serial entrepreneur who started many companies
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ื“ื™ื™ืŸ ื”ื•ื ื™ื–ื ืกื“ืจืชื™ ืฉื”ืงื™ื ื—ื‘ืจื•ืช ืจื‘ื•ืช
05:42
in a pay secrecy condition
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ื‘ืชื ืื™ ืฉื›ืจ ืกื•ื“ื™ื™ื
05:44
and even used that condition to pay two equally qualified people
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ื•ืืคื™ืœื• ื”ืฉืชืžืฉ ื‘ืชื ืื™ ื”ื–ื” ื›ื“ื™ ืœืฉืœื ืœืฉื ื™ ืื ืฉื™ื ืžื•ืกืžื›ื™ื ื‘ืื•ืชื” ื”ืžื™ื“ื”
05:47
dramatically different salaries,
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ืฉื›ืจ ืฉื•ื ื” ื‘ืื•ืคืŸ ื“ืจืžื˜ื™,
05:49
depending on how well they could negotiate.
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ืชืœื•ื™ ื›ืžื” ื˜ื•ื‘ ื”ื ื”ืชืžืงื—ื•.
05:52
And Dane saw the strife that happened as a result of this.
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ื•ื“ื™ื™ืŸ ืจืื” ืืช ื”ืกื›ืกื•ืš ืฉืงืจื” ื›ืชื•ืฆืื” ืžื›ืš.
05:55
So when he started his newest company, SumAll,
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ืœื›ืŸ ื›ืฉื”ืงื™ื ืืช ื”ื—ื‘ืจื” ื”ื—ื“ืฉื” ืฉืœื•, "ืกืื ืื•ืœ",
05:58
he committed to salary transparency from the beginning.
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ื”ื•ื ื”ืชื—ื™ื™ื‘ ืœืฉืงื™ืคื•ืช ืฉื›ืจ ืžื”ื”ืชื—ืœื”.
06:01
And the results have been amazing.
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ื•ื”ืชื•ืฆืื•ืช ื”ื™ื• ืžื“ื”ื™ืžื•ืช.
06:04
And in study after study,
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ื•ื‘ืžื—ืงืจ ืื—ืจ ืžื—ืงืจ,
06:06
when people know how they're being paid
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ื›ืฉืื ืฉื™ื ื™ื•ื“ืขื™ื ืื™ืš ืžืฉืœืžื™ื ืœื”ื
06:07
and how that pay compares to their peers',
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ื•ืื™ืš ื”ืฉื›ืจ ืฉืœื”ื ืžืฉืชื•ื•ื” ืœืฉืืจ ื”ืขื•ื‘ื“ื™ื,
06:10
they're more likely to work hard to improve their performance,
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ื”ื ื ื•ื˜ื™ื ืœืขื‘ื•ื“ ืงืฉื” ื™ื•ืชืจ ื›ื“ื™ ืœืฉืคืจ ืืช ื”ื‘ื™ืฆื•ืขื™ื ืฉืœื”ื,
06:12
more likely to be engaged, and they're less likely to quit.
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ื”ื ื ื•ื˜ื™ื ืœื”ื™ื•ืช ืžืกื•ืจื™ื ื™ื•ืชืจ ื•ื ื•ื˜ื™ื ืคื—ื•ืช ืœื”ืชืคื˜ืจ.
06:15
That's why Dane's not alone.
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ื–ื• ื”ืกื™ื‘ื” ืฉื“ื™ื™ืŸ ืœื ืœื‘ื“.
06:17
From technology start-ups like Buffer,
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ืžืกื˜ืืจื˜-ืืคื™ื ื˜ื›ื ื•ืœื•ื’ื™ื™ื ื›ืžื• "ื‘ืืคืจ",
06:19
to the tens of thousands of employees at Whole Foods,
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ืืœ ืขืฉืจื•ืช ืืœืคื™ ื”ืขื•ื‘ื“ื™ื ื‘"ื”ื•ืœ ืคื•ื“ืก",
06:23
where not only is your salary available for everyone to see,
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ื‘ืžืงื•ื ืฉืœื ืจืง ื”ืžืฉื›ื•ืจื•ืช ืฉืœื›ื ื–ืžื™ื ื•ืช ืœืจืื•ืช ื›ื•ืœื,
06:26
but the performance data for the store and for your department
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ืืœื ื’ื ื ืชื•ื ื™ ื”ื‘ื™ืฆื•ืขื™ื ืฉืœ ื”ื—ื ื•ืช ื•ืฉืœ ื”ืžื—ืœืงื” ืฉืœืš
06:29
is available on the company intranet
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ื”ื™ื ื ื–ืžื™ื ื™ื ื‘ืจืฉืช ื”ื—ื‘ืจื”
06:31
for all to see.
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ืœืขื™ื ื™ ื›ืœ.
06:33
Now, pay transparency takes a lot of forms.
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ืขื›ืฉื™ื•, ืฉืงื™ืคื•ืช ืฉื›ืจ ื™ื›ื•ืœื” ืœื”ืชืงื™ื™ื ื‘ืฉืœืœ ื“ืจื›ื™ื.
06:36
It's not one size fits all.
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ืœื ื”ื›ืœ ืžืชืื™ื ืœื›ื•ืœื.
06:38
Some post their salaries for all to see.
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ื™ืฉ ื”ืžืคืจืกืžื™ื ืืช ื”ืžืฉื›ื•ืจื•ืช ืฉืœื”ื ืœืงื”ืœ ื”ืจื—ื‘.
06:40
Some only keep it inside the company.
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ืื—ืจื™ื ืฉื•ืžืจื™ื ืืช ื”ืžื™ื“ืข ื‘ืชื•ืš ื”ื—ื‘ืจื”.
06:42
Some post the formula for calculating pay,
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ื™ืฉ ื”ืžืคืจืกืžื™ื ืืช ื”ื ื•ืกื—ื” ืœื—ื™ืฉื•ื‘ ื”ืžืฉื›ื•ืจืช,
06:45
and others post the pay levels
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ื•ื™ืฉื ื ืื—ืจื™ื ื”ืžืคืจืกืžื™ื ืืช ืจืžื•ืช ื”ืฉื›ืจ
06:47
and affix everybody to that level.
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ื•ืžืฉื™ื™ื›ื™ื ืืช ื›ื•ืœื ืœืจืžื•ืช ื”ืœืœื•.
06:49
So you don't have to make signs
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ืื– ืืชื ืœื ื—ื™ื™ื‘ื™ื ืœื”ื›ื™ืŸ ืฉืœื˜ื™ื
06:51
for all of your employees to wear around the office.
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ืœื›ืœ ื”ืขื•ื‘ื“ื™ื ืฉืœื›ื ืฉื™ืกืชื•ื‘ื‘ื• ืื™ืชื ื‘ืžืฉืจื“.
06:53
And you don't have to be the only one wearing a sign
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ื•ืืชื ืœื ื—ื™ื™ื‘ื™ื ืœื”ื™ื•ืช ื”ื™ื—ื™ื“ื™ื ืฉืขื•ื ื“ื™ื ืฉืœื˜
06:56
that you made at home.
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ืฉื”ื›ื ืชื ื‘ื‘ื™ืช.
06:58
But we can all take greater steps towards pay transparency.
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ืื‘ืœ ื›ื•ืœื ื• ื™ื›ื•ืœื™ื ืœื ืงื•ื˜ ื‘ืฆืขื“ื™ื ื’ื“ื•ืœื™ื ื™ื•ืชืจ ืœืžืขืŸ ืฉืงื™ืคื•ืช ืฉื›ืจ.
07:02
For those of you that have the authority
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ืœืืœื• ืžื›ื ืฉื™ืฉ ืืช ื”ืกืžื›ื•ืช
07:04
to move forward towards transparency:
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ืœื”ืชืงื“ื ืืœ ืขื‘ืจ ืฉืงื™ืคื•ืช:
07:06
it's time to move forward.
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ื–ื” ื”ื–ืžืŸ ืœื”ืชืงื“ื.
07:07
And for those of you that don't have that authority:
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ื•ืœืืœื• ืžื›ื ืฉืื™ืŸ ืืช ื”ืกืžื›ื•ืช:
ื–ื” ื”ื–ืžืŸ ืœืขืžื•ื“ ืขืœ ื–ื›ื•ืชื›ื ืœื›ืš.
07:10
it's time to stand up for your right to.
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07:13
So how much do you get paid?
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ืื– ื›ืžื” ืืชื ืžืจื•ื•ื™ื—ื™ื?
07:16
And how does that compare to the people you work with?
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ื•ืื™ืš ื–ื” ืžืฉืชื•ื•ื” ืœืฉืืจ ื”ืื ืฉื™ื ืฉืืชื ืขื•ื‘ื“ื™ื ืื™ืชื?
07:19
You should know.
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ืืชื ืฆืจื™ื›ื™ื ืœื“ืขืช.
07:21
And so should they.
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ื•ื›ืš ื’ื ื”ื.
07:23
Thank you.
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ืชื•ื“ื” ืจื‘ื”.
07:25
(Applause)
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(ืžื—ื™ืื•ืช ื›ืคื™ื™ื)
ืขืœ ืืชืจ ื–ื”

ืืชืจ ื–ื” ื™ืฆื™ื’ ื‘ืคื ื™ื›ื ืกืจื˜ื•ื ื™ YouTube ื”ืžื•ืขื™ืœื™ื ืœืœื™ืžื•ื“ ืื ื’ืœื™ืช. ืชื•ื›ืœื• ืœืจืื•ืช ืฉื™ืขื•ืจื™ ืื ื’ืœื™ืช ื”ืžื•ืขื‘ืจื™ื ืขืœ ื™ื“ื™ ืžื•ืจื™ื ืžื”ืฉื•ืจื” ื”ืจืืฉื•ื ื” ืžืจื—ื‘ื™ ื”ืขื•ืœื. ืœื—ืฅ ืคืขืžื™ื™ื ืขืœ ื”ื›ืชื•ื‘ื™ื•ืช ื‘ืื ื’ืœื™ืช ื”ืžื•ืฆื’ื•ืช ื‘ื›ืœ ื“ืฃ ื•ื™ื“ืื• ื›ื“ื™ ืœื”ืคืขื™ืœ ืืช ื”ืกืจื˜ื•ืŸ ืžืฉื. ื”ื›ืชื•ื‘ื™ื•ืช ื’ื•ืœืœื•ืช ื‘ืกื ื›ืจื•ืŸ ืขื ื”ืคืขืœืช ื”ื•ื•ื™ื“ืื•. ืื ื™ืฉ ืœืš ื”ืขืจื•ืช ืื• ื‘ืงืฉื•ืช, ืื ื ืฆื•ืจ ืื™ืชื ื• ืงืฉืจ ื‘ืืžืฆืขื•ืช ื˜ื•ืคืก ื™ืฆื™ืจืช ืงืฉืจ ื–ื”.

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