London firm revamps pay by letting staff set salaries

[Article] Companies have long held most of the cards when it comes to negotiating salaries with employees, but some firms are now trying out a different system where everyone knows what their colleagues earn, and staff can ask for whatever raise they like, with their peers helping decide how much they’re worth.

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It’s lunchtime here at Smarkets, a London-based online betting company.As at many tech firms, employees get free lunches… and afterwards they can relax with a bit of table football or gaming.So far, so Silicon Valley. But the company has another perk that’s yet to become as widespread:...
This article was published Monday, 20 August, 2018 by AFP (445 words)
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