economy
This company is giving every employee a 10% raise on their next work anniversary: 'People get more valuable the longer they stay'
Lovable, an AI software company based in Stockholm, says it will give each of its staffers a 10% pay bump on their work anniversary.
TL;DR
- Lovable, an AI software company, will give every employee a 10% raise on their work anniversary.
- The pay increase aims to recognize that employees become more valuable the longer they stay with the company.
- The universal raise policy will be implemented between July 2026 and July 2027 and will be evaluated after a year.
- This is a proactive compensation strategy, not a response to employee turnover.
- Lovable also conducts quarterly performance analysis, semi-annual salary adjustments for new responsibilities, and ongoing pay equity checks.
- The company aims to pay in the 90th percentile of an employee's market value.