Transparency: Entrepreneur Mate Rimac Reveals Wage, Wages of Employees

Lauren Simmonds

YouTube/Screenshot/Mate Rimac
YouTube/Screenshot/Mate Rimac

YouTube/Screenshot/Mate Rimac

November the 14th, 2020 – Croatian entrepreneur Mate Rimac is well known for a multitude of reasons. His desire to push Croatia forward is second only to his success with his remarkable company, Rimac Automobili, and now he can add total transparency to his list – a rare quality among Croatian employers.

As Poslovni Dnevnik writes, the wildly successful entrepreneur Mate Rimac has released a YouTube video in which he is frank and open about the one thing most of us feel uncomfortable discussing – finances.

“I think that in Croatia there’s a very strong interest in what Rimac Automobili is doing and what is happening in our country. I also sometimes see that there is a misunderstanding about what we do, how we do it, etc. I think the best way to inform people about that is in a direct way – as as little information as possible is lost.

I took some time and tried to show, in the most transparent way, what, how and why we do what we do. Maybe I’ll make a regular thing of it. I’ve never seen such ”radical transparency” anywhere, so I’m really interested in how it will go. Now that I’ve started recording, I can see a lot of things that I should add or do differently – but I’ll do that another time.

Here, grab your popcorn and enjoy,” wrote Rimac.

“We have a net salary of approximately 10,500 kuna without transport and accommodation, and 11,500 kuna with transport and accommodation included. That’s far from something we can all be happy with. We want to be competitive on the international labour market, not just here on the Croatian one, and we want those employee salaries to be as high as possible. Rimac Automobili alone has a gross cost of 14 million kuna per month for salaries. Maybe one interesting thing… seeing as I don’t know why it should be hidden, this is my net salary,” said the very open entrepreneur Mate Rimac, showing a graph which shows that his net salary is just under 35,000 kuna.

If you understand Croatian, can watch his full report on YouTube below:

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