Why a startup just published all of its employees’ salaries for the world to see
Here’s an idea to consider for 2014…complete transparency.
San Francisco-based social media startup Buffer just did something unprecedented: It published the salaries of every one of its employees online, available for the public to see. “We hope this might help other companies think about how to decide salaries, and will open us up to feedback from the community,” CEO Joel Gascoigne wrote in a blog post published on Thursday.
You can see for yourself, right here. Gascoigne makes $158,800 a year; COO Leo Widrich makes $146,800; CTO Sunil Sadasivan makes $137,600. The list goes on, and no one—not even those still in Buffer’s beginner “Bootcamp” period (in which employees are still technically freelancers) makes less than $70,000.
And this is just this beginning of this fresh approach. Buffer also allows everyone at the company to have access to email exchanges among other employees. Ha ha, I can think of few people that would be a bit nervous about that.