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I have a feeling you will regret this soon. There are certain benefits in having a firm salary structure sponsored by a transparent system, but the loss of fle
by dsugarman 13y ago
I have a feeling you will regret this soon. There are certain benefits in having a firm salary structure sponsored by a transparent system, but the loss of flexibility will hurt in ways you haven't experienced. Also, letting everyone know what their peers make can cause disgruntled employees.
- thatthatis 13y agoI've worked under open salary formulas and closed salary formulas. I'd rather work under an open salary formula any day.
- wahnfrieden 13y agoWhy
- thatthatis 13y ago1) No stress from "am I getting paid more/less than my co-workers" 2) No stress from "how much will I make in 5 years if I stay here" On net, it let me focus more on doing my job well and less on politics.
- pekk 13y agoYou mean it can cause employees asking for comparable pay
- swombat 13y agoMy company, GrantTree, is also run with open salaries (internally, though I posted the salary scale in an HN comment before). There was some disgruntlement when everyone was underpaid, but there's been remarkably little disgruntlement from individuals asking for more money for just themselves. This had been so for over a year now, so not conclusive, but starting to accumulate some data.
- xentronium 13y agoSo, for example, in case of competitor offering your valuable worker +10-15% to their salary, will you have any means to match that offer?
- swombat 13y agoNo, and if all they care about is the salary, they should probably go and take the larger offer.
- peterbraden 13y agowhat if the salary is the only differentiator, and you really value them? What is your recourse to deal with compelling offers? (honest question, not trolling)
- jasonwocky 13y agoI work at a firm with a similar salary structure. Like every other thing, it's a tradeoff. Sure, I concede there are ways it hurts, but they are offset in my case by the ways it helps.