Open Salaries
Buffer has taken transparency to an extreme. The social-media management tool firm has adopted what it calls an “open salaries” system, publishing all of its salaries, as well as the standardized formulas with which those salaries were calculated: Salary = job type x seniority x experience + location. In other words, a salary is determined by a base pay based upon job type; plus, a … [ Read more ]
Author: Adam Cobb | Source: “Unfair — and Unfixable? The Simple Truth About Salaries” | Original Publication: Knowledge@Wharton | Subject: Human Resources | Company: Buffer