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Lovable's new way to keep staff: a 10% raise on your first work anniversary

Business Insider·Roya Shahidi·24 days ago
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Lovable is a Swedish company that enables users to build apps, websites, and digital products using AI prompts. Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images Lovable is offering employees a 10% annual pay rise on their work anniversaries to retain talent. The announcement sparked conversations online about Europe's tech salaries and talent wars. It also generated buzz due to the contrast between this policy and benefits rollbacks elsewhere. Most people get a LinkedIn congratulations on their work anniversary. Some employees will also be getting a raise, too. Vibe coding startup Lovable is offering full-time employees a 10% pay rise every year on their work anniversary, in a bid to attract and retain talent. "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. Loveable lets users build apps, websites, and digital products using AI prompts.…

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