Letting colleagues hire themselves is maybe the peak of trust in humanity.
At KeytoeY we basically are lazy. And we want to see how far our trust in people is capable of going, without it going disastrously wrong.
Crazy enough... it works perfectly.
What steps to take for the practice
You don't hire. People hire themselves. Which means, you don't have to do a lot.
No vacancies, no interviews. You could talk to someone you would like to work at your organization or someone will come and want to work at your organization, and you tell them: 'We don't hire anybody. But you can hire yourself if you want.'
They'll ask: 'How does that work?'
You'll explain that you are willing to give them all the information they need to make their own contract, set a salary, with their own terms and hand that in. You will sign blindly.
That means that they will have access to your financial numbers, and also what other coworkers, including you, earn.
Then you'll wait. And if they are motivated they will come in with a contract they made themselves. You sign. They're hired.
This is the interesting part of course.
What we've seen from 8 people that hired themselves this way, is that they all gave themselves less than we would've given them in terms of salary and secondary benefits. When we would ask, they would say: I want to prove myself first. And I know I can raise my own salary when I find myself worthy (which they can with us).
Because of the trust you give them before they even sign up, their will to put the organizations interest in front of their own goes up immensely. Reciprocity at its fullest.
What do you do when it goes wrong
So you have to have this back-up plan, which you can tell newcomers: If we have no money to meet your demands, we will discuss it with the organization / department on how to solve it. Which could mean that people will decide together to lower their salary for that month or to not get it at all. Or that someone has to go. Or they leave on their own. We're in this together. Things should be transparant of course and with a high amount of trust and goodwill towards each other.
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