The move by private employers to make salary information public
Some employers, both private and public, are moving towards making employee’s salaries public. “Making Pay Public” by Tamara Lytle , in HR Magazine, September 2014. discusses the recent trend of employers making employee’s salaries more open.
Some employers such as, Buffer, are going so far as to not only making their salaries public, but are also providing details on the decision process by which the employee’s salary was determined. For example, Buffer’s salary formula has set factors that take into account the employee’s job type, seniority, experience, location, and equity versus salary choice.
In the formula, engineers and designers have a base salary of $60.000 while content crafters have a base salary of $50,000. Employees in Austin receive a $12,000 salary kicker, while employees in San Franciso receive a $22,000 salary kicker. Buffer’s (and other’s) approach to salary is clearly a different approach from how some employers had pay discussions in the past.
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