A lot has been written about SumAll and our commitment to being a totally transparent company. A lot. But we’re certainly not the first nor only company to reveal how much every employee makes or to have a flat organizational structure. Valve, the world-famous video game company, is renowned for not having job titles, and our friends at Buffer have a page dedicated to revealing things like salaries, equity, and a real-time revenue dashboard.
So the question becomes why we chose to structure (or, deconstruct) SumAll in such a radically different way from the majority of established, successful businesses. The reasoning is best explained by SumAll CEO Dane Atkinson when said, “The usual corporate doctrine can be configured poorly for employees. It’s almost designed to enable evil to happen. You can tell an employee they have 10,000 shares, but it doesn’t mean much if I just give myself 100 million shares or whatever. Their stake is going to be worthless. Most of the engineers out there have no idea what their ownership stake really is.” Transparency for us comes down to making sure every employee is happy and knows they’re being compensated fairly. Happy employees equals better employees.
But actually putting this level of openness into practice isn’t always a smooth process. Constant and open communication is the most important thing to maintain to make sure everyone is on the same page at all times. To facilitate communication, we use a number of tools on a nearly daily basis that helps in coordinating tasks, making company-wide announcements, or just figuring out where we’re going for happy hour after the day’s done. Here are the top tools we use to promote transparency within SumAll. Continue reading “The Tools We Use to Promote Transparency”