The one-salary experiment, ten years in
iwantmyname.com
The one-salary experiment, ten years in
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Re: The one-salary experiment, ten years in
#2Fascinating! Thanks so much to the company for writing this followup -- every year or so I've wondered how this company was doing and if the experiment was still going. It's heartening to learn that it is.
Re: The one-salary experiment, ten years in
#3From 2014: https://news.ycombinator.com/item?id=7713916
Re: The one-salary experiment, ten years in
#4Do all employees have equal equity?
Re: The one-salary experiment, ten years in
#5As an economist, you'd expect them to have trouble attracting highly skilled people seeking only wages.
On the other hand, also as an economist and from my own personal experience, there's a whole host of non-monetary benefits a flexible business can provide (which other businesses and corporates seem to balk at), and there's also the little talked about preference of some people wanting a negative correlation between pay and hours the job at the margin.
I've got my own stories. Issues I've had at previous employers include remote working, flexible hours, leave, intellectual property disputes over my own work, or non compete/ non publication issues.
When I left my previous job at banking, I actually interviewed for a lower paid position at uni of Melb. We got to the stage where we were all happy, only I said "I'll work for you if I can do 4 days a week, because I want to send time with my family and working on my own projects".
The bureaucracy said no.
I walked away and I'm back in a higher paying job again...(but with better hours and conditions than my previous ones).
Its always amazing to me the lengths businesses will go to in order to not hire the right staff...
Re: The one-salary experiment, ten years in
#6I love iwantmyname's service. Super easy to use and been using it for years. One question I have is, does everyone have equal equity in the company there? And if not, does this not count as additional comp besides salary? Also, it would seem to me that this becomes less sustainable the larger your team gets.
Re: The one-salary experiment, ten years in
#7As an economist, you'd expect them to have trouble attracting highly skilled people seeking only wages. On the other hand, also as an economist and from my own personal experience, there's a whole host of non-monetary benefits a flexible business can provide (which other businesses and corporates seem to balk at), and there's also the little talked about preference of some people wanting a negative correlation betwee…
All I want is the ability to get compensated for benefits I decline, particularly the company health plan. I've never been able to negotiate this successfully.
Re: The one-salary experiment, ten years in
#8People have written books on this stuff. There's an entire field of research on this subject and I think tech people discount it for being "too MBA".
One of the most important findings is that pay generally will never motivate employees, but it will reduce their incentive to leave. Generally most job factors affect one of two separate but related scales: motivation to stay and reluctance to leave. Entirely non-surprising that devs are the ones who left because by hard capping their pay you are reducing their reluctance to go work somewhere else with higher pay.
Re: The one-salary experiment, ten years in
#9As an economist, you'd expect them to have trouble attracting highly skilled people seeking only wages. On the other hand, also as an economist and from my own personal experience, there's a whole host of non-monetary benefits a flexible business can provide (which other businesses and corporates seem to balk at), and there's also the little talked about preference of some people wanting a negative correlation betwee…
In the Netherlands, if you have a child under 9 years old (it could be 8), your company is required, by law, to let you work 4 days a week if your want. It's actually really common with something like 28% of working men taking a "papadag" ("Daddy day" in English).
I wouldn't even consider a job that didn't allow me time to spend with my kids. Money is definitely not the primary driver for a lot of people.
Re: The one-salary experiment, ten years in
#10So, how much do they actually pay? If the article said, I didn't see it.