"Earn Trust" is one of our core values as a company and the purpose of this page is to develop a system for approvals and iteration that maximizes the trust of stakeholders in our decisions and processes.
All compensation changes require approval of the VP of Finance & Operations and the CEO. CTO approval is required ahead of CEO approval for all Engineering compensation changes.
Compensation changes follow a similar process as the annual compensation review process, and includes new hire offers, location-based changes, and any other change requests related to compensation.
- Discuss the compensation change request with an HR Partner.
- The Manager and Team MLT member to agree on compensation proposal.
- HR will send a Compensation Approval Request by email to the appropriate approvers and CC the Manager requesting the change, DRIs for HR (HRIS and change memo), and Payroll. The approval chain is below.
- R&D compensation changes: Team MLT, CTO, VP, Finance & Operations, CEO
- Non-R&D compensation changes: Team MLT, VP, Finance & Operations, CEO
- Upon complete email approval, the Manager will share the compensation update with the staff member and inform HR after the compensation change has been communicated.
- Upon confirmation from the Manager, HR will send compensation change memos to each individual and update BambooHR.