Guests: Zoe Cullen, Nancy Rothbard, Peter Cappelli
The salaries and compensation for highest paid CEOs was recently revealed — Elon Musk received a whopping $2.3 billion last year, towering over the next highest paid boss who only took home a measly $129 million. But at most workplaces, employees are blissfully unaware of what their colleagues or bosses make. Sharing salary information is culturally discouraged, but that is starting to change. In an effort to combat pay inequities for women and minorities, some states, cities, and companies are implementing salary transparency rules. This hour, we’ll look at what happens when salaries are no longer a secret at a work and why talking about pay is still taboo. We’ll also discuss the wage gap and how to approach salary or raise negotiations. Guest host Tracey Matisak talks with ZOE CULLEN, assistant professor of business administration at Harvard Business School, NANCY ROTHBARD, professor of management at the University of Pennsylvania’s Wharton School, and PETER CAPPELLI, professor of management at the University of Pennsylvania’s Wharton School.