There now appears to be 3 ways of allocating salary
1) The typical negotiate and keep secrete way most companies work
2) The finance model where everything is public and you get bonus-ed out based on your performance with some discretion.
3) The buffer way where everything is public and you get paid based on a pre existing formula
Case 1 is how most firms work and it kind of sucks for people who don't job hop and don't negotiate well.
Case 2 works well when you:
- make a profit - can directly relate profit back to an individual or group
Is there a better way to do this?
There now appears to be 3 ways of allocating salary
1) The typical negotiate and keep secrete way most companies work
2) The finance model where everything is public and you get bonus-ed out based on your performance with some discretion.
3) The buffer way where everything is public and you get paid based on a pre existing formula
Case 1 is how most firms work and it kind of sucks for people who don't job hop and don't negotiate well.
Case 2 works well when you:
Case 3 Not sure if this works well or not, at the very least everyone knows where they stand and that counts for something.Is there a better way to do this?