Want an airtight, equitable compensation system built for your size and stage? We're here to be your in-house compensation team. Using our unique process designed for startups and scale-ups, our team will help you define your compensation philosophy, do the research and data crunching, and leave you with pay bands that scale. We’ll even train your team to use them and make sure the launch goes smoothly.
We approach pay through an equitable lens, and are happy to work with international and remote teams to solve their unique compensation challenges.
Designed specifically for startups and scale-ups, our compensation process is based on your company's unique values, goals, and the behaviours you want to encourage. Here's how it works.
To start, we will conduct a deep dive on the behaviours you want to incentivize & reward, and develop a compensation philosophy as our foundation. Together, we'll decide where we want to be in the market, whether we'll use other incentives, how we engage in salary negotiations, how (and how often) we'll grant increases, and more.
We will then conduct market research on base salary & variable rewards in relation to market data and your industry. We'll use a collection of at least 2 relevant databases when developing your custom pay bands.
We will also include templates for role guides and career levels to assist the team in planning for growth. These will connect to your pay bands and help with potential salary increases & title changes that may occur from our analysis.
We'll explore variable compensation, including equity and bonuses. We'll also include research on additional perks that connect to your values, desired behaviours and compensation philosophy.
We'll audit our new pay bands against existing company salaries, advising on adjustments, equitable pay and any discrepancies to work through.
We'll provide you with communications tools to launch your new compensation plan, including how-to guides and training for your team and managers.
Your custom compensation philosophy and process
Custom researched salary and variable compensation market data
Company-wide levels and corresponding definitions
Benefits and perks analysis and recommendations
Communication templates for a successful roll-out
Customized advice from Bright + Early's compensation experts.
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