Re:Inside a Completely Transparent Company
by ChuckMcM on Monday April 22, 2013 @02:18PM
(#5590871)
I think this is a great experiment. I'm curious to see it play out.
One of things at Google was that they told you a formula for compensation (base + (bonus target % * personal multiplier * company multiplier * median salary)) But then they chose to keep the "median salary" and "personal multiplier" secret. At which point you had no idea if your manager was being truthful at all with you about your compensation.
The weird thing was, the lack of transparency was a bigger issue than the money. Everyone I knew (anecdotal I know) didn't "care" what their bonus amount was but they cared a lot if they were being lied too. I tried and failed a couple of times to communicate that issue to the 'engineering council' (which decided such things).
So I think that this choice Buffer has made would certainly make people like me much more comfortable with the communications from our management.
One of things at Google was that they told you a formula for compensation (base + (bonus target % * personal multiplier * company multiplier * median salary)) But then they chose to keep the "median salary" and "personal multiplier" secret. At which point you had no idea if your manager was being truthful at all with you about your compensation.
The weird thing was, the lack of transparency was a bigger issue than the money. Everyone I knew (anecdotal I know) didn't "care" what their bonus amount was but they cared a lot if they were being lied too. I tried and failed a couple of times to communicate that issue to the 'engineering council' (which decided such things).
So I think that this choice Buffer has made would certainly make people like me much more comfortable with the communications from our management.