Ricardo Semler on Salaries

Ricardo Semler on Salaries

We set salaries like this: A lot of our people belong to unions, and they negotiate their salaries collectively. Everyone else’s salary involves an element of self-determination. Once or twice a year, we order salary market survey’s and pass them out. We say to...
Ricardo Semler on Compensation

Ricardo Semler on Compensation

Employers began hiring workers by the hour during the Industrial Revolution. Their reasons were simple and rapacious. Say you ran out of cotton thread at 11:30 in the morning. If you paid people by the hour, you could stop the looms, send everyone home, and pay only...