The innovative system allows staff to set their own salary and doesn’t require approval from any managers, meaning workers literally pay themselves what they want and review this whenever they feel is needed.
Manduca says: “I felt a lot of doubts asking for that raise. It took a lot of talks with other people. I was aware that my job had changed. I was aware I was going way beyond my targets. “When I spoke with my colleagues internally and asked for advice, the advice they gave me was that yes I did deserve it and I was worth it.”There are some guidelines in place, though. Staff are asked to do research on what similar roles are fetching in other companies and assess how much they’ve grown since they started their role. From there other members of staff will ask questions and give feedback to give an indication of whether they think it sounds like a fair sum.
Although you might imagine that giving employees this kind of freedom would encourage them to award themselves excessive salaries, the results could actually have the reverse effect. After all,have shown that companies who allow their staff to take unlimited holidays or have flexible hours actually end up working more.
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