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Huge shout-out to Buffer for their pay transparency! I know that's a complete aside from your comment, but I really admire their pay transparency and continuall
by alpha_squared 4y ago
Huge shout-out to Buffer for their pay transparency! I know that's a complete aside from your comment, but I really admire their pay transparency and continually evolving formula on pay.
My partner is doing her dissertation on pay transparency as a recruitment tool and Buffer's model was an inspiration for the study.
- sitkack 4y agoI would love to know more about this in relation to coops and democratic companies. In a 60 second spike https://hbr.org/2016/09/the-case-against-pay-transparency https://hbr.org/2016/09/the-case-against-pay-transparency (:face-palm-cringey-emjoi:) https://en.wikipedia.org/wiki/Hidden_Figures https://en.wikipedia.org/wiki/Hidden_Figures Katherine Johnson and Dorothy Vaughan in the eponymous West Virginia pay transparency law. Excellent book. https://trackbill.com/bill/west-virginia-house-bill-4428-katherine-johnson-and-dorothy-vaughan-fair-pay-act-of-2020/1852183/ https://trackbill.com/bill/west-virginia-house-bill-4428-kat... Buffer ranks high in the search results. They are definitely a leader in SEO on this subject. Keeping salaries private is a huge arbitrage advantage for the corporation. At work, when discuss compensation, I will openly and freely disclose my total comp. As a senior persion, this has shined a huge light in vast sea of darkness. The autofaq for this search is interesting. https://www.google.com/search?hl=en&q=pay%20transparency https://www.google.com/search?hl=en&q=pay%20transparency
- trinsic2 4y agoI'm a sheltered child when it comes to the work world since I have been an independent computer service professional since 2009. I read the case against pay transparency and wondered what your thoughts were on that subject. Because you facepalmed (BTW I wonder if there is a way to render emoji's in between colons). I see the problem the author is presenting. Not as an issue of it shouldnt be done, but more along the lines of, is the world really ready for it? BTW I am a big supporter of transparency. I just never thought about in in the aspects of compensation.
- sitkack 4y agoIt isn't as cringey as I had originally thought. The thing I was recoiling at was basically "the man" HBR, telling folks it was a double edged sword which is true, but it really felt like it was stacking the deck against pay transparency while attempting to sound balanced and nuanced. I think pay transparency is universally good, and that in orgs where it was introduced that they have other problems that are only brought to light by pay transparency. I think if folks leave or complain, that is entirely fine. I have done that and see other folks do that when they realized the disparity, this is good. This is the market at work. For anyone that claims to be free-market, but also doesn't believe in pay transparency is a hypocrite and wants to keep employees in the dark while maintaining their window of arbitrage.