New-age startups are rolling out pay transparency models to retain staff and ensure that it is work, and not each other’s salaries, that occupies employee mind space
Ankur Warikoo with his team during one of their offsite meetings
A week ago educator and content creator Ankur Warikoo, 41, took to LinkedIn to share that his startup follows “cent per cent transparency” where everybody knows everyone’s salary. “Every month, the company financials are shared with the team... There is nothing hidden. I want people to focus on their work and their growth. Not in uncovering secrets; there shouldn’t be secrets,” wrote the Faridabad-based author-entrepreneur. His post received bricks and bouquets in equal measure. While some appreciated the idea of pay transparency, others termed it impractical, dangerous, and a nightmare for the human resource team.
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