There is no boss or manager who sets your salary at Smarkets.
All salaries are open. Everybody knows what everybody else makes. We all also know what the market rates are.
If you think that your responsibilities and performance are not in line with your pay, you inform your peers that you want to go for a salary review in the next review window. (To be open: we're still trying to find the optimal time between these windows.)
For salary review, you describe what you believe your achievements are, as well as what your current and near future responsibilities entail. The peers involved in your review will provide their feedback and a ballpark of what they believe your new salary should be. These figures are guided by relevant market rates, as well as their perception of your duties.
The final decision for setting your new salary will be your responsibility. A reasonable figure in the ballpark range will see no objection. After all, your peers have already stated - with on-the-record feedback - that they believe the ballpark is sensible.
All salaries are open. Everybody knows what everybody else makes. We all also know what the market rates are.
If you think that your responsibilities and performance are not in line with your pay, you inform your peers that you want to go for a salary review in the next review window. (To be open: we're still trying to find the optimal time between these windows.)
For salary review, you describe what you believe your achievements are, as well as what your current and near future responsibilities entail. The peers involved in your review will provide their feedback and a ballpark of what they believe your new salary should be. These figures are guided by relevant market rates, as well as their perception of your duties.
The final decision for setting your new salary will be your responsibility. A reasonable figure in the ballpark range will see no objection. After all, your peers have already stated - with on-the-record feedback - that they believe the ballpark is sensible.