<aside> 💡 Last edited on: January 18, 2024

Contributors: @Jessica Zwaan,

</aside>

Why

Why have a policy, page or process like this?

• There are gaps
• Managers need help
• Transparency is quickly approaching and is also something people expect/want
• People want to know they are fairly compensated
• Pay is a deeply important element of their quality of life
• We want to be able to forecast the cost of our hiring plan
• We want to be able to compete for talent without overpaying
• We want our people to think like an owner in how they do their work

What

A philosophical overview of the decisions you make as a company as it applies to base salary, variable compensation (and if you have it), and equity grants, refreshers and top-ups.

• Where we pay in market
  • Reasons you would lead the market (pay above 50th)
  • Reasons you would meet the market (pay to 50th)
  • Reasons you would lag the market (pay below 50th)
    • Variations for job families or seniority
• How we reward performance
• Who gets equity, how much and why
• How we pay across countries