When you base pay on salary history, a unicorn loses its horn
Hi everyone, we need to talk about salary history. Imagine you are hiring two fundraisers for your growing development team: Edna has had nine years of experience raising money, and has a record of bringing in over $10 million dollars. Joe has two years of experience fundraising and has brought in $300,000; before that, he worked for a bank. Because Edna is more skilled in fundraising, you have her supervise and mentor Joe. Things work out well for a while, until Edna found out that Joe is paid 10% more than she is. The reason: Joe had worked at a bank, so he had a stronger salary history. So now we have someone who is more qualified, with a better track record, and who is doing more work—supervising and mentoring in addition to fundraising—getting paid less than another person who is less qualified. Continue reading “When you base pay on salary history, a unicorn loses its horn”