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Salary Formula: A way through the minefield

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Karol Sarnacki
CTO
@karolsarnacki
hello@elpassion.com
elpassion.com
Grzegorz Kemski
COO
@grzegorzkemski
Take the Money Issue off the Table
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Salary Formula: A way through the minefield

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In search of perfect compensation plan, we implemented Salary Formula at EL Passion roughly half a year ago. We did our research, we read the books, we searched the web, we watched the talks. We thought we were ready. Instead, we found ourselves walking through a minefield.

In this talk we will share our experience with implementing Salary Formula in a ~50 employees software house. We will describe the challenges we faced, mistakes we made and lessons we learnt.

A talk at Agile By Example 2016 Conference, prepared by Grzegorz Kemski and Karol Sarnacki (the talk is available here: https://www.youtube.com/watch?v=NzWe5uo18tI)

You can check the latest iteration of EL Passion's Salary Formula here: https://www.notion.so/elpassion/Salary-Formula-Career-Path-1f91cbb3fdf048f597ea18563d4e7e16

In search of perfect compensation plan, we implemented Salary Formula at EL Passion roughly half a year ago. We did our research, we read the books, we searched the web, we watched the talks. We thought we were ready. Instead, we found ourselves walking through a minefield.

In this talk we will share our experience with implementing Salary Formula in a ~50 employees software house. We will describe the challenges we faced, mistakes we made and lessons we learnt.

A talk at Agile By Example 2016 Conference, prepared by Grzegorz Kemski and Karol Sarnacki (the talk is available here: https://www.youtube.com/watch?v=NzWe5uo18tI)

You can check the latest iteration of EL Passion's Salary Formula here: https://www.notion.so/elpassion/Salary-Formula-Career-Path-1f91cbb3fdf048f597ea18563d4e7e16

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Salary Formula: A way through the minefield

  1. 1. Karol Sarnacki CTO @karolsarnacki hello@elpassion.com elpassion.com Grzegorz Kemski COO @grzegorzkemski
  2. 2. Take the Money Issue off the Table
  3. 3. ?
  4. 4. S = L * (T +∑t) + E
  5. 5. Level Technology Tags EL Passion Experience( )* ++
  6. 6. Level Technology Tags EL Passion Experience( )* ++ Level Base Salary Junior 1 Junior 2 Junior 3 Mid 1 Mid 2 Mid 3 Senior 1 Senior 2 Mentor
  7. 7. ● Level-up: Every 6 months ● Based on: Peer Reviews Level Technology Tags EL Passion Experience( )* ++
  8. 8. ● Back-end: 110% ● Front-end, Mobile, Design: 100% Level Technology Tags EL Passion Experience( )* ++
  9. 9. ● Involvement ● Ownership ● Impact ● English Pro Each: +5% Level Technology Tags EL Passion Experience( )* ++
  10. 10. (Years @ EL Passion) * Level Technology Tags EL Passion Experience( )* ++
  11. 11. Prototype
  12. 12. 30% No pay cuts 0% Only raises
  13. 13. Influencers
  14. 14. Dismissed: Formal Education Fame Years of Experience
  15. 15. FAQ Doc
  16. 16. ● Create prototype ● Keep it simple ● Perform simulations ● Invite influencers
  17. 17. Corrections
  18. 18. Recruitment
  19. 19. Version 1.1
  20. 20. Transparency
  21. 21. ● Don't panic ● Make corrections ● Rethink recruitment ● Discuss levels, not salaries
  22. 22. Myth 1 People will cheat
  23. 23. Myth 1
  24. 24. Myth 2 Dehumanizing effect
  25. 25. Myth 3 People will leave
  26. 26. Nobody left
  27. 27. Was it a good decision to implement the Salary Formula? Yes - 88%No - 6% Don't care - 6%
  28. 28. Thank you!

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