Tuesday, April 7, 2015

Reddit CEO Ellen Pao, feminist hero, eliminates salary negotiations for new employees

Reddit CEO Ellen Pao, feminist hero, eliminates salary negotiations for new employees:

Ellen Pao, the interim CEO of Reddit, has seen women struggle with salary negotiations. So she's eliminating money talk from the company's hiring process

In her first interview since losing the landmark Silicon Valley trial, Pao told The Wall Street Journal that she has eliminated salary negotiations from the hiring process at Reddit, where she currently serves as interim CEO

The reason, according to Pao, is that women often can't win salary talks

"Men negotiate harder than women do and sometimes women get penalized when they do negotiate. So as part of our recruiting process, we don’t negotiate with candidates," Pao said in the interview. "We come up with an offer that we think is fair. If you want more equity, we’ll let you swap a little bit of your cash salary for equity, but we aren’t going to reward people who are better negotiators with more compensation." Read more...

More about Reddit, Business, Startups, and Ellen Pao


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