In no company I have run over the last 20 years have I ever been the highest paid employee. In most I'm not even in the top 10. Sales folk often earn more than me, as well as, as you say, seriously good techies. I'm just a businessman; I'm not the most important person in the business...
My experience, on the both the buy side and the sell side is that employees' T&Cs are one of the first areas in the acquired company that an acquirer seeks to 'harmonise' with those they have already got in place. Depending on jurisdiction and unionisation, there may be restrictions on what you...
That's one the accusations that can be levelled at such disclosure, yes; and one of many reasons why I rejected doing it this way - total transparency defeats any accusation that one is trying to be clever or spinning the data. A simple list of every employee's salary leaves no such room.
Yep - seen it done that way too of course. Large corporates tend to have very wide salary bands, even at lower salaries, and the bands can often overlap extensively. eg I've seen:
Band 1: £22k-32k
Band 2: £25-35k
This makes the exercise futile, imo.
It could easily work if the bands were...
Thanks. Not my idea (hardly anything is!); one I nicked from an ex-employer back in my yoof.
Honesty and transparency are fundamental to the way I do business. It’s not always comfortable, particularly if there’s a downturn (such as in a pandemic, say), but I’ve found that you earn your staffs’...
The way I get round that is to publish all employees salaries on the intranet/notice board (you need each employees permission, of course - we don’t hire them unless they agree). Obviously, you have to be able to defend why each employee gets what they get - but then, you should be able to do...