Purpose
To define fair, consistent, and transparent compensation bands for every level in the organization. Bands are reviewed annually by Treasury and People and Culture.Levelling Structure
Compensation Components
Every employee’s total compensation is made up of:- Base Salary — Fixed monthly salary within the band
- Performance Bonus — Paid annually, based on performance review outcome
- Benefits — Health insurance, provident fund, gratuity (as applicable by law)
- Equity / ESOPs — Available from Director level and above (defined separately)
Band Philosophy
- Bands overlap slightly between levels to reward high performers at lower levels
- Compensation is reviewed annually in Q4 and updated from January 1
- Mid-cycle adjustments are permitted only upon promotion
- Salary bands are confidential between employee, their manager, and People and Culture
Annual Compensation Review
Every year in Q4:- Treasury reviews company financial position
- People and Culture proposes band adjustments based on market benchmarks
- Chief Partner approves final bands
- Employees are notified of any changes by December 15 for the upcoming year
Performance Bonus Scale
Owner: Treasury (Director of Financial Planning) in coordination with People and Culture