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I applaud transparency in general and the intent here is noble. One of my companies considered adopting the old model for a time. However: > The new formula
by moxious 9y ago
I applaud transparency in general and the intent here is noble. One of my companies considered adopting the old model for a time.
However:
> The new formula now includes an elastic part that adjusts to the cost of living and market influence of salaries for different roles.
The transparency and simplicity of the old model was its key value. The more complex and hard to assess terms you put in, the more you lose transparency and make salary assignment something that can be "massaged" to fit the circumstances. And I think having a formula is supposed to be the antithesis of that.
But this is a really hard damn problem. Markets aren't the same, and people's egos are real. Algorithms don't tend to do well when one of the things in the balance is "people's perception of fairness" since fairness is an emotional and non-quantitative concept.