Salaries are about to become more public — via financialpost
A 12-year-old company called Buffer that helps businesses market themselves on social media has been doing this since 2013.
It is still a lonely child. Few other businesses have taken its radically transparent path and I was never entirely sure they should, considering Buffer had a gender pay gap of 15 per cent as recently as 2019, and 12 per cent in 2020. Since the company only has 84 workers, this did not make big news. Also, Buffer’s analysis at the time suggested a range of reasons for its achievement, including changes at the top that created a nearly all-female executive team.
That matters at a time when efforts to make salaries more transparent are rising in the EU, the U.K., the U.S. and elsewhere.Advertisement 4One common measure, which the U.K. intends to test in a pilot scheme unveiled in March: a ban on asking prospective employees their salary history.
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