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

Peter Bollenbeck @pbollenbeck #hafentalks

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

Employees

104

Salary Average

53.3k €

Salary Range

27.4k € - 180k €

Negotiate on Demand

Annual Budgetary Increase

Managerial Appraisals

Science to the Rescue!

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

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

Salaryi = Salaryj

Inequity Aversion

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

Fair Salaries are a

Company Obligation

Salaryi

Performancei

Salaryj Performancej

=

Internal + ExternalComparison

SalaryiSalary Review

Committee

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

Impairment Test

Performancei

Monthly Meeting

Things Under Experimentation

• Meeting Frequency

• Selection of Committee Members

• Committee Segmentation

• Remove Bias

• Salary over time

• Who watches the Watchmen?

Thank You! Any Questions? @pbollenbeck #hafentalks