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This is a truly terrible idea on every level. 1. Most places where I have worked, management are given large under-the-table bonuses that are not reflective of
by ascotan 10y ago
This is a truly terrible idea on every level.
1. Most places where I have worked, management are given large under-the-table bonuses that are not reflective of their salaries. So even if you put out the amount of money management is making on a spreadsheet it's not fully transparent if people are getting end-of-year bonuses.
2. People WAY overestimate their abilities when they have to 'self-rate' for management. If you've ever filled out a performance review, you know that everyone gives themselves 5 stars in virtually every category. Now I get that it has to be peer-reviewed, but I can easily see this turning into a circle jerk where everyone says everyone else is a 'python master'.
3. Your salary is not really anonymous in this system because you are required to get 'upvoted' by peers on your salary choices.
> We asked everyone on the team to get upvotes from at least 6 others in the company with a good distribution of roles, skill levels and leadership levels - demonstrating support for their individual decisions.
So if you said I'm a 'tech weenie, python master' I would need to get 6 other people to upvote me on this. People would then be able to figure out basically how much I'm getting paid.
> Salary is a personal matter for some people: While we do appreciate this fact, our priority is higher trust across the team.
and
> One of the key challenges we’ve struggled with is creating a high sense of trust between the founders and the rest of the team.
Therefore, the entire point of this exercise seems to get the team to believe that the 'founders' are not overpaid. I guess if this is a concern there may be other issue at play here other then peoples salaries. Frankly It sounds slightly passive agressive to say "The team has the impression we are over paid, lets release everyone's salary to show that we are not."
There's nothing worse in a company than politics and this system creates a gigantic burden of politics on people that should be focusing on building a product.
- bitewhite 10y agoI'm sure the self-declared "master executive officer" knows what they are doing.