There’s a misconception that salary transparency will hurt businesses, but that is not the case. In this episode, Hannah Williams explains how her own career journey made her realize something needed to change, inspiring her to create Salary Transparent Street. Hannah shares her perspective on the benefits of salary transparency for employees and for businesses, and she opens up about the experience of turning a viral TikTok account into a business.
Episode Recap:
- In this episode we’re talking with Hannah Williams of Salary Transparency Street (0:00:51)
- Can you tell us about your background leading up to today? (0:02:20)
- Colleges aren’t preparing people to negotiate for themselves (0:12:40)
- Work is a business decision for you and for your employer (22:52)
- Salary requirements aren’t a fair metric (25:28)
- Why is salary transparency important? (29:03)
- How did you turn Salary Transparent Street into a profitable business? (36:12)
- What is it like to work with an agent? (43:07)
- There’s this misconception that regulation around salary is bad (47:50)
- How to keep up with Hannah (1:03:59)
Resources:
- Find every episode of the Fiscal Feminist podcast
- “The Fiscal Feminist” book
- Follow Salary Transparent Street on Instagram, TikTok, and YouTube
- Salary Transparent Street Website
Quotes:
“Work was not just a business relationship, it was a business decision on both sides. There’s profit and loss that comes into that. And ultimately when a company hires you, they’re not hiring you because they like you. They’re hiring you to complete a job, and they’re hiring you to pay a certain number. They have access to the same data that I do, market research. So they would know whether or not they’re paying a fair market rate, the same way that I realized I wasn’t getting it. And that was really disappointing, because I trusted my employer. I liked them, I was really proud to work for them. And that changed almost overnight.”
“I did an interview with a company and they asked me the question that really got me fixated on salary transparency: ‘What are your salary requirements?’ And I realized, this question, I get it in every interview. And every single time I get it, I feel the responsibility to say what I think I should be paid, and whether that’s fair or not is placed on me instead of the company.”
“I did an interview with a company and they asked me the question that really got me fixated on salary transparency: ‘What are your salary requirements?’ And I realized, this question, I get it in every interview. And every single time I get it, I feel the responsibility to say what I think I should be paid, and whether that’s fair or not is placed on me instead of the company.”
Creators & Guests
What is The Fiscal Feminist?
Kimberlee Davis is your host of The Fiscal Feminist, a show about women and our relationship with money and finances. Kimberlee Davis is Managing Director and Partner at The Bahnsen Group, a private wealth management firm. She specializes in personal wealth advising and oversees financial and retirement planning solutions for high net worth individuals and multi-generational families. Her proficiency also includes helping individuals transition to financial independence after life altering events such as death or divorce.