CLEAN : London firm revamps pay by letting staff set salaries

The video discusses the Smarkets earnings page, where employees can view each other's earnings. It covers the process of salary increase discussions, including examples of personal salary reviews and the comfort in addressing salary concerns. The video also highlights the challenges in justifying salary differences among employees and concludes with final thoughts on salary discussions.

What is the initial reaction of employees when they request a high salary increase at Smarkets?

• They usually receive the full amount requested.

• Their request is often reduced after discussions.

• They are denied any increase.

• Their request is immediately approved without discussion.

How does the salary review process at Smarkets provide comfort to employees?

• By ensuring everyone gets the same raise.

• By allowing employees to request reviews if they feel underpaid.

• By having a fixed annual raise for all employees.

• By letting employees decide their own salaries.

What is a key feature of the salary review process at Smarkets?

• It is conducted by external consultants.

• It involves discussions with everyday colleagues.

• It happens only once a year.

• It is a secretive process.

What is a potential reason for different salary levels among employees in a company?

• Different contributions to the company.

• All employees have the same job description.

• The company has a flat salary structure.

• Employees' salaries are based on their age.

What challenge is associated with justifying different salaries within a company?

• There is no need to justify salary differences.

• It is easy to explain to everyone.

• It is difficult to justify to all employees.

• All employees agree with the differences.