• transparent salaries need to be fair
  • fairness has several orthogonal dimensions
  • perception of fairness is specific to organizational context
  • consider members and relevant stakeholders (e.g. investors)
  • create a salary formula:
    • fixed: subsistence guarantee
    • variable: fair distribution of gains and costs
  • consider remuneration for changing roles
  • create strategy for transitioning towards new contracts and compensation agreements

Two Ways of Opening Salaries