My boss lets me set my own salary
Usually,
employees work for a salary or wage that they are offered and agreed. Employers
try to set the amount of pay to hire and retain a productive person and also to
encourage them to be the most valuable for the company within the budget. Also, the pay is usually allocated from the pool by the employer. In this case, employees
talk and negotiate their salary with their employer based on what they have
achieved, how much they have contributed, and what value they can bring in for
the next pay period.
But what if
employees could set their own salaries? If you were told to decide how much
increase, or decrease, you would want to start a new business year, how would
you set your salary? If you quote it too conservatively, you’ll miss a chance
to earn money that you might deserve to earn. But if you set it too aggressively,
you might not be able to deliver the expected results. You want to be responsible
and reasonable for the amount you would like to quote.
There are an increasing
number of companies, mainly in the tech sector, that offer a set-your-own-salary
scheme in the UK. Interestingly, employees of those companies become more open
to each other as they are often asked for advice and review each other. How does it work?
Enjoy reading
the article and think if you are ready to set your own salary.
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