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Flash Pack reveals plans to improve pay transparency

Operators
10 May 2022

Flash Pack has launched a "compensation calculator" to improve pay transparency among its employees.

Flash Pack had conversations about employee satisfaction following the pandemic and found secrecy around salaries persisted (Credit: Unsplash)

Co-founders Radha Vyas and Lee Thompson took the decision after auditing how the company retains talent, finding employees felt pay decisions were being made inconsistently, slowing its ability to scale the team.

Additionally, they found keeping pay secret created mistrust among colleagues, and was inconsistent with the business labelling role as having a competitive salary.

The calculator benchmarks all Flash Pack roles against salary data from 3,000 similar start-ups. All Flash Pack vacancies will now have public salary bands and "option grants" to address current and potential employees’ salary expectations.