Back in the early '80s I worked for a company with what seemed to me a radical policy with respect to employee compensation: everyone's compensation was posted so that all could see. This had all sorts of repercussions, most of them, I have to say, quite good. Everybody knew exactly where they stood; there was no worrying about whether you'd negotiated the right salary for yourself. It made questions about compensation very easy to raise. Most of all, it made it impossible for the company to sustain any sort of compensation that didn't match the merit.
I suspect this particular company maintained this unusual level of transparency because there were several relatives and close friends of the founder employed there. By being completely transparent about compensation, many potentially destructive rumors were quashed.
This morning I read that there's a detectable trend toward such transparency, and more...
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