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Protocol: Want to Hire and Retain Tech Workers? Give Them Salary Calculators.

By OpenComp

Tech companies are experimenting with a new form of pay transparency: giving employees the ability to factor what determines their salaries. OpenComp CEO and founder Thanh Nguyen shares details on pay transparency and "interactive offer letters." Read the full article from Protocol


What happens when tech companies give employees extreme visibility into how their salaries are set? Aka with salary calculators.


Some employers are getting ahead of the movement toward transparency with new salary calculator tools designed to show how the sausage is made, to a previously unheard of degree. These salary calculators are allowing some companies to issue "first and best" offers and cut negotiation entirely out of the recruiting process.


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