A software firm is taking a radical approach to how it treats employees. 10Pines tries to be transparent and democratic, even allowing staff to set each other's salaries. Ariel Umansky decided to turn down his proposed 7% pay rise in December 2020. He felt he could not justify it in front of his colleagues. In fact it was the second time in five years that he'd declined a raise at 10Pines. Salaries are decided three times a year at the Argentinian company's "rates meeting", which includes everyone except new hires still on probation. Employees (or mentors on their behalf) can put themselves forward for a raise, which is then openly debated. Every year 50% of its profits are shared among staff. 10Pines aspires to have a flat hierarchy, and be transparent with employees, as much as possible. After a three-month trial period, new staff join the rest of the team in monthly, open meetings in which key company decisions are decided, such as potential new clients, expenses, company finances - and of course salaries. There's no overall CEO and no real managers within teams, though there are senior figures who are partners, known as "associates" and "masters".
