You don't run experiments with salaries, do you? (Hafentalks 4)

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Peter Bollenbeck @pbollenbeck #hafentalks You don’t run experiments with salaries, do you?

Transcript of You don't run experiments with salaries, do you? (Hafentalks 4)

Page 1: You don't run experiments with salaries, do you? (Hafentalks 4)

Peter Bollenbeck @pbollenbeck #hafentalks

You don’t run experiments with salaries,do you?

Page 2: You don't run experiments with salaries, do you? (Hafentalks 4)

Employees

104

Salary Average

53.3k €

Salary Range

27.4k € - 180k €

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Negotiate on Demand

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Annual Budgetary Increase

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Managerial Appraisals

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Science to the Rescue!

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„[…] take the issue of money off the table.“

Pink, Daniel H. (2009)„Drive: The Surprising TruthAbout What Motivates Us“

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Salaryi = Salaryj

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Inequity Aversion

Fehr, Ernst; Schmidt, Klaus M. (1999)"A theory of fairness, competition, and cooperation"

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Fair Salaries are a

Company Obligation

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Salaryi

Performancei

Salaryj Performancej

=

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Internal + ExternalComparison

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SalaryiSalary Review

Committee

• Feedback Gateway • Salary Surveys • Interview Data • Internal Peer Data

Impairment Test

Performancei

Monthly Meeting

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Things Under Experimentation

• Meeting Frequency

• Selection of Committee Members

• Committee Segmentation

• Remove Bias

• Salary over time

• Who watches the Watchmen?

Page 17: You don't run experiments with salaries, do you? (Hafentalks 4)

Thank You! Any Questions? @pbollenbeck #hafentalks


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