"“We don't take retention for granted. It's treated as compounding value that is actively recognized and rewarded,” Elena Varna, growth operator at Lovable, wrote in a post on LinkedIn on Thursday."
"“People get more valuable the longer they stay, and they shouldn't have to worry about getting a raise or not,” Anton Osika, Lovable's CEO and cofounder, wrote in an X post that included a screenshot of Verna's post."
"“The longer someone stays at Lovable, the more deeply they understand the company, contribute to its momentum, and shape its culture,” Maryanne Caughey, who leads Lovable's people team, told Business Insider in a statement."
"She said the policy applies to all full time staff who meet their performance expectations. Caughey previously told Business Insider that the company plans to grow to 400 employees, up from 146 in March."
Lovable, a Swedish AI startup, enables users to build apps, websites, and digital products using AI prompts. The company offers full-time employees a 10% pay rise every year on their work anniversary to attract and retain talent. The policy is framed as compounding value that is actively recognized and rewarded. The company says people become more valuable the longer they stay and should not have to worry about whether they receive a raise. The pay rise applies to all full-time staff who meet performance expectations. Lovable plans to grow to 400 employees from 146 and has a valuation of $6.6 billion.
Read at www.businessinsider.com
Unable to calculate read time
Collection
[
|
...
]