InnoGames shares salary for game workers in bid for transparency
Interested in learning what's next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today.
InnoGames announced it is ending guesswork about salaries for most of its workers in the German game business in a bid to be more transparent.
The Hamburg, Germany-based company said it is the first German gaming company to openly publish its salary bands, which reflect the target pay for people with varying amounts of work experience can get. The salary bands cover approximately 80% of the company’s employees and provide information on minimum and maximum earnings for various career levels across a total of nine career models.
InnoGames said that one reason it is sharing pay data is to attract more women candidates to the company. Time Magazine said in 2018 that women’s rights advocates have urged companies to adopt full pay transparency policies to close the pay gap, which is often worse for both women and women of color. Time said that white women in the U.S. on average earn 79% of what white men make, black women earn 63% of what white men make, Native American women bring in 57%, and Hispanic women are at 54%, according to a 2018 report from the American Association of University Women.
The salary transparency stems from the need to become more competitive, and the salary bands are all based on supply and demand, said Andreas Lieb, director of human resources at Innogames, in an interview with GamesBeat.
MetaBeat 2022
MetaBeat will bring together metaverse thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 3-4 in San Francisco, CA.
“The war for talent is so
Read more on venturebeat.com
