Catégorie
2. Team
Sous-catégorie
2.2. Compensation & Training
Stade
Pre-Seed
What is at stake?
For a company, a salary policy establishes the principles on which the remuneration of employees is based, taking into account several key variables. It is also known as a remuneration policy. (Les Echos, 2022)
How to define and communicate your salary policy?
Why is it important?
The salary policy is a key factor in attracting, engaging, and retaining employees in a startup, especially in the contemporary context of war.
Three actions to takenow
1️⃣ Determine a transparent, competitive, and non-gendered salary grid
- Calculate the equality index, gender parity, and pay equity
- Ensure gender pay equality
- Avoid significant salary gaps
It is essential to make the salary grid transparent to ensure pay equity. Indeed, the situation is critical in Europe, with a 19% Gender Pay Gap in Tech, which has considerable consequences. That's why it's important to calculate the Gender Pay Gap: it is an indicator that makes you aware of the reality of the situation and prepares you to introduce the measures necessary to combatting salary inequalities.
Bettina Denis, Head of Sustainability & ESG at Revaia, leading European sustainable growth investor.
2️⃣ Define and communicate the company's promotions policy
- Ensure a meritocratic and fair promotion system
3️⃣ Offer complementary financial benefits to non-managerial workers
- For example, increases following inflation, bonuses, profit-sharing, employee ownership, etc.
📚 Further Readings
‣
📖 Galion Gender Agreement: 45 guidelines for diversity in tech
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