This is a great way to let a team decide their own salary! The nice thing is that the team came up with themselves.
Before you start with the practice, be sure that the team knows the total amount of money they can spend on a raise. You can start by deciding on the percentage of the total pay raise together. When the team knows the amount, you can start!
For this example:
We have a team of 8 team members, together they earn 28.500 dollars. They have a pay raise percentage of 5%. 28.500*5%=1400 dollars to divide.
What steps to take for the practice
First: buy M&M’s and some paper cups. Or some other candy, Tikkels will also work fine.
Second: decide the value of an M&M. Every M&M will represent a certain amount. For example; every single candy is worth 5 dollars.
Third: Now, you have to divide the pay raise with a factor (1400:5 = 280 M&M’s in total).
Fourth: Everybody will get the same amount of M&M’s (280:8=35 per person). You can choose to give everybody 30 M&M’s and leave the rest to divide later when there can be some discussion.
Five: Write down the names of all team members on the cups. In a different room, set up the paper cups next to each other.
Six: Everybody can divide their M&M’s over the cups.
Seven: When everybody had their turn, you can get your own cup and count the raise you will get (and eat the candy).
Eight: start a discussion, is everybody happy? You can use the backup to make everybody content. Important: the team has to know each other well (preferably work with each other). When the team is dependant on each other, they will make sure everybody is happy with their raise. It is their own responsibility to keep the team together and engaged, so they will make sure everybody is ok with the result.
Self-managed salary raises
Do you want to know if this practice shows results? Start measuring!
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