How we pay people at Basecamp
signalvnoise.com
How we pay people at Basecamp
Real profits, shared.
One of the most rewarding things about running a profitable business is rewarding others with a share of the profits.
For years we've had a profit share system in place where we take 10% of our annual profits and distribute them to our employees based on their... See more
Jason Friedx.comOnce every year we review market rates and issue raises automatically. Our target is to pay everyone at the company at the top 10 percent of the market regardless of their role. So whether you work in customer support or ops or programming or design, you’ll be paid in the top 10 percent for that position.
David Heinemeier Hansson • It Doesn’t Have to Be Crazy at Work
Wow.
Outseta has one of the most innovative cultures I’ve ever seen.
• Everyone makes $210,000, and you can choose to work 1 day ($42K salary) to 5 days ($210K) per week.
• Equal ownership with no classes of stock or preferential treatment for investors.
•... See more
Michael Karnjanaprakornx.comAt Gumroad, we disclose everyone’s salary in the company to everyone else, using a simple spreadsheet I keep up to date. This lets people feel good about how much they make and minimizes information asymmetry between me and the rest of the team. Revealing that kind of information may seem scary at first, but that’s just because it’s unusual. In... See more
Sahil Lavingia • The Minimalist Entrepreneur: How Great Founders Do More with Less
that jobs should have set salaries, and that all compensation motivators should exist solely as bonus and equity vehicles. The set salary for a given role might change if market data changes, but otherwise you would either have to change roles or get promoted to earn a higher salary.