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Wow, this is really terrible. This looks like a PR explanation for why they're slashing everyone's salaries. A cursory glance shows everyone either staying the

Wow, this is really terrible. This looks like a PR explanation for why they're slashing everyone's salaries. A cursory glance shows everyone either staying the same or dropping. > One of the toughest decisions we made with the new formula was to remove the annual 3% loyalty increase given to teammates for each anniversary from their start date. > We looked at a lot of options and in the end decided to remove it as it created an unsustainable, compounding affect on pay. 3% is at or just above inflation. If you can't afford to give these raises, you will see severe wage stagnation and, hopefully, a mass exodus of employees elsewhere.

martinald 9y ago
Yes, but I assume the SF scale is indexed to that annually (ie: the bay SF pay will go up itself probably more than 3% anyway).
- eximius 9y ago
  That is a very salient point. I don't recall it specifying when the SF prices are recomputed, but maybe we should give them the benefit of the doubt here.
dyeje 9y ago
This is delusional. How does someone have the nerve to put a paragraph like this in a blogpost about how they're giving almost every employee a paycut? The question on everyone’s mind was “Can we afford this?” and “is this sustainable?” When we sought input and advice from those outside of Buffer we also were asked, “Why would you pay your team members with more generosity than you need to?” As it turns out, our answers are: Yes, Yes and because we believe it’s the right thing to do.
- andylei 9y ago
  except the CEO and the director of people. their salaries magically stayed exactly the same
jamie_ca 9y ago
You might be reading the table wrong? Last column is their adjusted baseline, 2nd column is their baseline+options+dependents. Comparing with [two years ago](https://open.buffer.com/transparent-salaries/ https://open.buffer.com/transparent-salaries/) it looks like engineering at least has about 35% turnover, but everyone is up in salary - some by quite a bit if they've relocated.

martinald 9y ago

Yes, but I assume the SF scale is indexed to that annually (ie: the bay SF pay will go up itself probably more than 3% anyway).

eximius 9y ago
That is a very salient point. I don't recall it specifying when the SF prices are recomputed, but maybe we should give them the benefit of the doubt here.

dyeje 9y ago

This is delusional. How does someone have the nerve to put a paragraph like this in a blogpost about how they're giving almost every employee a paycut? The question on everyone’s mind was “Can we afford this?” and “is this sustainable?” When we sought input and advice from those outside of Buffer we also were asked, “Why would you pay your team members with more generosity than you need to?” As it turns out, our answers are: Yes, Yes and because we believe it’s the right thing to do.

andylei 9y ago
except the CEO and the director of people. their salaries magically stayed exactly the same

jamie_ca 9y ago

You might be reading the table wrong? Last column is their adjusted baseline, 2nd column is their baseline+options+dependents. Comparing with [two years ago](https://open.buffer.com/transparent-salaries/ https://open.buffer.com/transparent-salaries/) it looks like engineering at least has about 35% turnover, but everyone is up in salary - some by quite a bit if they've relocated.