Choose your own pay
Business Daily
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Empowering Employees with Self-Set Pay
The chapter explores the concept of self-set pay, where employees have a say in determining their own salaries, addressing issues like pay disparities and the divide between staff and management wages. It delves into examples of companies like Grant Tree and Smarkets experimenting with this model, discussing the benefits, risks, and personal experiences of individuals adjusting their pay based on performance and value. The discussion also touches on potential drawbacks of self-set pay, highlighting the need for a balance between self-awareness and responsibility in setting salaries.
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