Fog Creek Professional Ladder - Joel on Software
http://joelonsoftware.com/articles/ladder.html

transparent salary system - by Joel Spolsky The Fog Creek Professional Ladder determines your base salary.

nice

Joel Spolsky on salaries

You’ve gotten pretty far in a job discussion. You like them. They like you. And it's getting down to the nitty gritty. Then your prospective employer pops the question you’ve been dreading: “So what are you making now?” (or some variation like, “What were you making in your last position?”) You freeze. You know that answering the question can only hurt you. It might peg you at a salary you feel you’ve outgrown or that you improperly negotiated. And you know that you’re always supposed to let the other person name a price first in any negotiation. So what do you do?

salary negotiations

[via http://friendfeed.com/mtanski/40cd35d3/game-theory-salary-negotiation-and]

Never reveal your prior salary, says Ramit Sethi. "It's just none of their business," Rather than answering, Sethi and others suggest steering the conversation into your worth (hopefully you've done your homework before the interview enough so you'll know how to discuss how valuable you are).

give you time to think about it while also putting a little pressure on the employer.

Great article on Fog Creek Software's founder's views, thoughts and implementation advice of a more objective and transparent compensation structure for his employees.

Great post from Seth Godin on the myth of $50m salaries http://bit.ly/1o5EYK [from http://twitter.com/r1tz/statuses/1418127934]

The myth of big salaries (it's all marketing) /Seth's Blog/ - The failed bankers on Wall Street have been ... http://tinyurl.com/chkazp [from http://twitter.com/jorgefsb/statuses/1374768795]

Excellent post that lifts the lid on the nonsense of self-justified bib money salaries

Seth Godin has posted a great post 'The myth of big salaries (it's all marketing)' on his BLOG.

The failed bankers on Wall Street have been whining that if they have to cut bonuses and salaries dramatically, they'll be unable to recruit great talent, and they need great talent to fix the situation. And for years, boards have...

The lower the CEO salary, the more likely it is to succeed. The CEO’s salary sets a cap for everyone else. If it is set at a high level, you end up burning a whole lot more money. It aligns his interest with the equity holders. But [beyond that], it goes to whether the mission of the company is to build something new or just collect paychecks. In practice we have found that if you only ask one question, ask that.

In a long-ranging discussion today at TechCrunch50, investor Peter Thiel (PayPal, Facebook, Slide) gave his thoughts on what is the best predictor of startup success. At the Founder’s Fund, one of the most important factors he likes to look at before deciding to invest in a startup is how much the CEO is paying himself. (This is also a factor that one of his investments, YouNoodle, looks at to value private startups). Says Thiel: The lower the CEO salary, the more likely it is to succeed. The CEO’s salary sets a cap for everyone else. If it is set at a high level, you end up burning a whole lot more money. It aligns his interest with the equity holders. But [beyond that], it goes to whether the mission of the company is to build something new or just collect paychecks. In practice we have found that if you only ask one question, ask that.

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