Each employee is paid a starting salary of £18 per annum, significantly below market rates for graduates even within the not-for-profit world, and without accounting for the fact that our employees are significantly more qualified than the average graduate.
If it happens that all the good people you find are the sort of fully committed people who would be living on £18/year and donating the rest, then it’s probably fine. But if you miss out on good hires because you’re paying so far below what others would offer then it could be really harmful.
One idea which I’ve heard kicked around is paying people what they’re worth and hoping that they’ll choose to donate much of the money back. I don’t know about organizations having tried this.
It’s a good point. So far it hasn’t been an issue. But if there was someone who we thought was worth the money, and for some good reason simply wouldn’t work for less than a certain amount, then we’d pay a higher amount—we don’t have a policy that we aren’t able to pay any more than £18k.
One idea which I’ve heard kicked around is paying people what they’re worth and hoping that they’ll choose to donate much of the money back. I don’t know about organizations having tried this.
This seems like a horrific conflict of interests from a legal or publicity point of view, even if it worked out for the organization or employees.
If it happens that all the good people you find are the sort of fully committed people who would be living on £18/year and donating the rest, then it’s probably fine. But if you miss out on good hires because you’re paying so far below what others would offer then it could be really harmful.
One idea which I’ve heard kicked around is paying people what they’re worth and hoping that they’ll choose to donate much of the money back. I don’t know about organizations having tried this.
It’s a good point. So far it hasn’t been an issue. But if there was someone who we thought was worth the money, and for some good reason simply wouldn’t work for less than a certain amount, then we’d pay a higher amount—we don’t have a policy that we aren’t able to pay any more than £18k.
This seems like a horrific conflict of interests from a legal or publicity point of view, even if it worked out for the organization or employees.