How Buffer Calculates Employee Salaries
Two years ago, social media management site Buffer announced that in the spirit of transparency, they were making their internal accessible to the public. Since then, Buffer has continued to improve their formula, and has released a calculator which allows anyone to easily see what they could make working for their team based on their position, experience level, and where they live.
Takeaway: While complete pay transparency works for Buffer, not every team is ready to take this leap. Start small by reviewing how you determine salaries and look for opportunities to standardize discussions around pay. If you do want to share salary information, make sure the rest of the team approves first.