The raise policy is one of several unique culture-building features at Squaremouth, co-founded in 2001 by insurance software entrepreneur Chris Harvey.
There are standards, such as matching 401(k) and health care. There’s also unlimited vacation, coupled with quarterly profit sharing. The company gave just-because Apple Watches to all employees last year, and it bought iPads for everyone in 2011 and 2013. Then there’s the mandatory birthday day off, with a $200 bonus for beer.
Group decision raises, says Harvey, are good for employees and the company because they create a productive and transparent business that complements the Squaremouth Way. “For us, it’s pretty straightforward,” says Harvey, Squaremouth’s CEO. “We’ve done it this way ever since it was two or three of us.”
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