How to implement Salary Formula from scratch
•
1 like•1,496 views
Salaries should be fair for all employees, probably nobody doubts about it. In STX we felt that our salaries depend more on the personal negotiation skills, rather than on the exact knowledge. Inspired by Management 3.0 book by Jurgen Appelo, we’ve decided to implement the Salary Formula in our company. We gather the whole management team and started crafting magical formula hoping that it will solve all our problems. Quite fast we realized, that the theory is quite simple but the implementation is tricky, because a lot of pitfalls is not covered in available papers. In this talk I will share what we have learned last year and what we need to improve in future to make this formula as fair as possible.
Recommended
Recommended
More Related Content
More from Jacek Wieczorek
More from Jacek Wieczorek (7)
Recently uploaded
Recently uploaded (15)
How to implement Salary Formula from scratch
- 1. How to implement Salary Formula from scratch? Jacek Wieczorek, ABE 2015, Warsaw
- 3. the story
- 4. quick growth
- 7. no fairness
- 9. dry run
- 16. salary = base * (experience + seniority + versatility + location + advocate)
- 17. Parameter Value Weight experience 1 0,7 seniority junior 0,3 versatility medium 0,2 location Poznań 0,95 advocate minor 0,1 base PLN * (0,7 + 0,3 + 0,2 + 0,95 + 0,1) = final_salary PLN
- 18. Parameter Value Weight experience 1 0,7 seniority junior 0,3 versatility medium 0,2 location Poznań 0,95 advocate minor 0,1 base PLN * (0,7 + 0,3 + 0,2 + 0,95 + 0,1) = final_salary PLN ?
- 21. some people left
- 22. too few steps
- 24. inspect & adapt
- 26. clear rules
- 28. time saving
- 29. time consuming
- 30. quite simplified
- 31. less flexibility
- 33. - Scrum Guide “Scrum is simple to understand and difficult to master”
- 34. “Salary Formula is simple to understand and difficult to master” introduce - Jacek Wieczorek ;)