<aside> 👋 Welcome! This template is for you to take and use to help you design & document your very own compensation philosophy for your org. We’ve designed it with the hope that you are able to share it externally outside of your company to build trust when hiring, but you can use it for purely internal purposes if you need to.
This is the product of our own experience, but also of looking at dozens of public examples from the likes of Juro, Whereby, Figures, Posthog and others which are linked at the bottom of this template.
💡 If you find this resource helpful, you should definitely consider joining Open Org as a paid subscriber for access to even more valuable content, playbooks, and resources for startup people teams
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<aside> 💡 Open Org Guidance; This section is a great opportunity for you to include some detail in this section of how you think about compensation, but also how it fits into your wider business, culture & values. You might decide to identify & share a few goals & guiding principles to give people an idea of what you are trying to achieve with this philosophy. 🤩 See Juro & Whereby (below) ****if you want some inspiration here.
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✅ Checklist For this Section:
<aside> 💡 Open Org Guidance; It can be super helpful to provide a little context to folks on why you think about compensation the way you do. It might be that you are bootstrapped or not-for-profit, and can’t pay as competitively as others. It might be that you are fully remote and location plays more of a factor for you in how you pay folks. 🤩 See Posthog (below) ****as a good example for how they frame compensation vs their business model
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✅ Checklist For this Section:
<aside> 💡 Open Org Guidance; this section is all about giving people a clear definition of what you mean by ‘compensation’, which may seem simple but folks always have different versions. Making it clear what it looks like ‘here’ is important. Find your own way of sharing that, but Juro & Whereby (below) both have great infographics on their handbooks which breakdown that ‘compensation stack’.
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✅ Checklist For this Section:
<aside> 💡 Open Org Guidance; This section gives you a chance to deep-dive into the various components that make up compensation in your business. See inside each page for a more detailed checklist for each.
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