the boss of buffer, a company where everyone s pay is public information, and professor peter bamberger, who has literally written the book on pay transparency. also on the show. yeah, avon is still calling, the direct selling cosmetics giant is still going strong. and the global boss tells me about reimagining the business for the 21st century. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, vanity fair magazine today best known for interviews and photographs of powerful celebrities, businesspeople and politicians, but around 100 years ago in new york city, the magazine was the scene of a worker revolution. some of the magazine s star writers, such as dorothy parker and robert benchley, they started talking about how much they were paid, something that they weren t allowed to do. when they were reprimanded, they all came in the next day with a painted sign around their necks displaying their pay. today, new y
hello, this is bbc news. the headlines: the former chancellor rishi sunak has received more than 100 backers has received more than 100 hackers and could enter the conservative leadership elections. the leader of the commons, penny mordaunt, is the only person to formally announce that she s running. she has fewer supporters than the two men. in other news, ukrainian officials say around a million and a half households are without power following a new wave of russian attacks. and england s lionesses will face china and denmark at next year s women s world cup in australia and new zealand. now on bbc news. talking business with aaron heslehurst. hello, everybody, and a very warm welcome to talking business weekly with me, aaron heslehurst. let s go take a look at what s on the show. how much do you make? roughly 60,000. 107k. 35 and some change. yep. how much do you make? for years asking that question, it was taboo. it could have even got you the sack. now, though, around th
you how much you make. i m a bloke and i m over 40, so my answer is not enough, hannah. nowhere near what you re making. i can tell you that. hannah williams, a real pleasure having you on the show. good luck with everything. you don t need it, but we ll check in with you soon. thanks, aaron. i appreciate it. as new york city prepares for wage transparency laws, one company in colorado, oh, it s been leading the way. 0nline marketing company buffer. it s been publishing salaries of all of its staff publicly since 2013. if you want to know what a secretary earns, you just go to their website. so i caught up with their ceo, the big boss who is paid just under 300 grand a year. joel gascoigne, a real pleasure having you on my show. and joel, let s start with this. quite simply, why did the company decide to publish everyone s pay? we decided that it would make things a lot simpler and it would build a lot of trust if we were just completely open about the pay, the numbers, but also how
for the products that they love most, to those who choose to make a career a full time income, and those who would serve a large amount of customers both offline and online, and therefore have a meaningful learning out of it. so see, they earn in their own way and they can reach significant earnings depending on the time they allocate to it. so angela, what about when reps recruit other reps? i mean, there s lots of direct selling companies out there that reward their reps for recruiting more by giving them a percentage of the new recruit sale. some people will say, is it isn t this a form of pyramid selling? no. a pyramid selling would be when. and this is, by the way, banned by law would be when you promised earnings to people. the majority of those earnings are by recruiting others. in our case, it s a very simple business model. it s a very simple business model. so on one side with a majority of our earnings are coming
the pay of women went up. let me end on this, peter. is the future more or less transparent? well, studies of of of generations younger than you and i are showing that these individuals come to the workplace expecting a higher level, a greater degree of transparency. and where they don t see it, there s less trust. and we actually have evidence of that in some of our research as well. and trust seems to be really a really critical issue. so i think there s a general trend towards greater transparency. professor peter bamberger, a real pleasure having you on this show. thanks forjoining me and i ll check in with you soon, 0k. thanks, again. bye bye. you know, the global beauty industry, it s big business. and avon is one of the oldest beauty companies in the world. it s also $1,000,000,000 empire with 5 million reps who used to be called avon ladies. globally, they sell directly to customers in more