HDC

Earlier this year, I transitioned my company to an equal-pay policy. Among our developers, everyone is compensated in an identical way, and those numbers and formulas are public to the whole team.

It almost goes without saying that equal pay and financial transparency are good things—they’re critical to closing the wage gap as well as building a strong, cooperative and dedicated team. Nonetheless, many companies (including those who talk-the-talk about equity and inclusion) have large, irrational pay disparities among workers who do very similar jobs.

In this article, my goal is not to present our system as perfect – in fact, I’ll call out some of the flaws and areas where I need to make future improvements. I’ll also dig into other important elements of our compensation system – such as our revenue-sharing program – in future articles, so this article is about one part of our system, not the whole.

For now, I hope this can act as a simple framework for other business owners, employees and contractors to introduce equal pay and greater transparency at other companies. I also hope it will prove that anyone can implement a similar policy with relative ease.

http://ow.ly/QAP450EhUFr