Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Bridget Harris

๐Ÿ‘ค Speaker
435 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

But this was an example of our first open salary scheme.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

So we just basically put people within about $2,000 or euros or sterling within each other so they could see, roughly speaking, where they were.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

And it kind of broke down because of the size of our company now.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

But basically, you don't have to overthink it.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

It's not that difficult.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

You just have to let people know.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

You advertise what salary you're going to pay somebody and then they come in and they know what everybody else gets paid.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

So in terms of the metrics, market rates, the kind of comparisons that we make, we use Glassdoor.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

And You Can Vote Me pays up to double market rates.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

We look at pay ratios, which is the gap between the lowest and the highest paid.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

Incredible, some incredible ratios coming out of publicly listed companies in America.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

But 201 times is essentially the average.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

You Can Vote Me is 4.3, and I'm going to come on to that.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

It's not because we're massively socialist or weird.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

It's because there's actually very good logic to why we keep our wage ratio low.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

and then cost of living in different regions.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

Numbio index tells you how much it costs to live anywhere and we basically split it into four pay regions inside You Can Book Me.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

Anybody recognise this place?

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

Anybody live there?

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapped YouCanBookMe Hit $5m using team profit sharing as internal motivation

Six people live there.