Divulging salaries can help shrink the pay gap

When it comes to the issue of salary gaps, some experts say one solution is to make salaries more transparent. In 2021, the federal government introduced new legislation that would do just that: the Employment Equity Act requires federally regulated companies to disclose salary data. June 1st was the deadline for employers to submit their first rounds of data.

Erica Alini, the Globe’s personal finance reporter, joins us to break down how this legislation might impact salaries – even those not covered by the bill – and offers advice on how you can take this kind of data to your employer when it comes time to negotiate a raise.

Correction: This episode had previously and mistakenly referred to the Pay Equity Act, rather than the Employment Equity Act.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.