Want To Know What Your Colleagues Earn? How Transparency Can Help Close The Pay Gap

Want To Know What Your Colleagues Earn? How Transparency Can Help Close The Pay Gap
B&T Magazine
Edited by B&T Magazine



The message on International Women’s Day was clear: women don’t want cupcakes, women want equal pay. One of the ways companies can achieve quality is to have a transparent pay policy, Tracksuit’s head of marketing, Mikayla Hopkins told B&T

“At Tracksuit we have an open comp transparent model. So everybody knows what everybody’s earning. And it means that there’s no way to hide. Which is yeah, a fantastic refreshing way of doing business”. 

Hopkins has a lot of experience when it comes to helping women achieve equality in the workplace. Not only is she a female head of marketing at brand performance tracker Tracksuit, but she has also spoken to hundreds of women through her podcast: Her Career Podcast. 

Hopkins describes the podcast as “one of the best things I’ve ever done in my entire career”, adding that money was something that came up a lot for the women she interviewed. 

 “I spent a lot of time helping women negotiate higher salaries,” Hopkins said. 

Whilst money is a ‘taboo’ subject, introducing more transparency can help level the playing field when it comes to narrowing the pay gap. 

“By creating and opening up a transparent comp model, we are hoping to make money conversations less taboo, and give our people a way to talk about their financial stability and needs in a structured and safe environment,” Hopkins said. 

Some of the other ways workplaces can create a level playing field is by everyone being aware of their own biases. 

“We’re all guilty of hiring people who are like us,” Hopkins said. However, being confident enough to call out non-inclusive processes is one-way businesses can make sure they’re hiring “a diverse pool of humans”. 

For example, Hopkins insures impartiality by making sure she can’t see the name or the gender of the applicants who apply for a role at Tracksuit. 

A biased hiring process is often reinforced by a biased rewards program, Hopkins says. 

“You reward and progress like for like very often.”

One of the themes that often came up on the podcast was how women in leadership roles can help other women a few rungs beneath them.

Whilst it’s important that women help other women in their careers, Hopkins emphasized that creating an equal workplace is everyone’s job. 

She remembers being at a conference several years ago where all the panelists were white men. 

“The person who was speaking actually stood up and said ‘Hey, this isn’t okay,’” she said. 

“He was willing to risk his seat at the conference the next year to call out the event organisers.”

“People who are willing to get uncomfortable in those kinds of public settings are the people that I want to work alongside.”




Please login with linkedin to comment

Latest News

“There Is Room For Advertisers In The Podcast Space”: Corey Layton On The Success Of Podcasts & What The Future Holds As iHeartPodcasts Celebrates 4 Years
  • Media

“There Is Room For Advertisers In The Podcast Space”: Corey Layton On The Success Of Podcasts & What The Future Holds As iHeartPodcasts Celebrates 4 Years

ARN’s iHeart has celebrated its fourth birthday, marking a remarkable journey of dominance and growth in the country’s podcasting landscape since its launch on February 25, 2020. Lead Image: iHeartPodcast creators at 4th birthday celebration Over the past four years, ARN’s iHeart has firmly established itself in the Australian market. The platform has seen an […]

Wendell Sailor, James Graham & Wade Graham Among Triple M NRL Commentary Lineup
  • Media

Wendell Sailor, James Graham & Wade Graham Among Triple M NRL Commentary Lineup

Triple M NRL is ready to rock the 2024 NRL season with the best names in the business, including league legends Wendell Sailor, Gorden Tallis, Ryan Girdler, James Graham, Wade Graham and current player Aaron Woods. All are set to headline Triple M’s all-star NRL commentary lineup for an epic 2024 season. With a big […]

Asembl Luanches Golden Gaytimes Inspired Biscuits In Partnership With Griffin’s Marvels
  • Campaigns

Asembl Luanches Golden Gaytimes Inspired Biscuits In Partnership With Griffin’s Marvels

Brand extension agency Asembl has whipped up a wonder in every bite with the partnering of Streets’ Golden Gaytime and Griffin’s Marvels for the first ever Golden Gaytime Inspired Biscuits. Available now from Coles stores nationally and online, the Griffin’s Marvels Golden Gaytime Inspired Biscuits are a wonder in every bite – irresistible Golden Gaytime […]