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Where do you as founders fall into this scheme? Or does a different scale apply to you? If so, fair enough. At a place I worked before, I was pretty embarrass
by heresy 17y ago
Where do you as founders fall into this scheme?
Or does a different scale apply to you? If so, fair enough.
At a place I worked before, I was pretty embarrassed when I found out I was earning 15% more than a fellow colleague on the team who was just as good if not better than me, purely because I happened to join when market rates were X, whereas he joined when they were X-15%.
I suspect this is a big reason companies don't want employees to talk about compensation.
Though where I am now, we have an "everyone gets the same raise" policy, combined with hiring practices that ensure substantial variances in skill of employees. Not a great situation either.
So I think the fixed scheme really depends on getting your hiring absolutely right, if you screw up, you have to be willing to face up and let the person you screwed up with go.
- coffeemug 17y agoWhere do you as founders fall into this scheme? As founders, we get the lowest full-time salary possible on the scale (currently $65K). if you screw up, you have to be willing to face up and let the person you screwed up with go Absolutely. That's one of the benefits of the open system - it prevents the company from keeping bad apples.