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At Lincoln Loop, Everyone Sets Their Own Salary
- killnine 14y agoI enjoyed the entire post, but I especially like the point that all finances are open. Even without the "set your own salary" bit, with finances being open it enables more of a team culture. It is almost like a score, and without it, without a scoreboard during a game, only the coach knows the exact score.
- Rickasaurus 14y agoI think this would work out great in an environment where everyone works in cliques of similar salary. I'm not so sure about environments with high demand specialists though. If you don't pay them what they're worth (and keep them happy) they'll get scooped up by another company in a snap, but if you pay them what they're worth other employees may be jealous. Even if they end up getting paid what they're worth they may end up leaving after suffering resentment from fellow employees. If this doesn't happen, the other employees may anchor onto this salary and drive up their own, meaning the company becomes unable to compete due to overpaying heavily for labor. I'm just speculating though. It would be interesting to see how it plays out in practice.
- recursive 14y ago> The current standard of deviation between our salaries is less than $5 Is it $0?
- ipmb 14y agono