From 2cc81810c75c9abf3af0586d71abf2ae925075d3 Mon Sep 17 00:00:00 2001 From: Zach Wasserman Date: Sat, 1 Jul 2023 16:31:43 -0700 Subject: [PATCH] Clarify comp changes in handbook (#11853) . Co-authored-by: Joanne Stableford <59930035+JoStableford@users.noreply.github.com> --- handbook/business-operations/README.md | 1 + 1 file changed, 1 insertion(+) diff --git a/handbook/business-operations/README.md b/handbook/business-operations/README.md index e53052b026..6b86e0118f 100644 --- a/handbook/business-operations/README.md +++ b/handbook/business-operations/README.md @@ -133,6 +133,7 @@ At Fleet, performance feedback is a continuous process. We give feedback (partic ## Compensation changes Fleet's founders [evaluate and update compensation decisions yearly](#workiversaries), shortly after the anniversary of a team member's start date. +Compensation at Fleet is determined by benchmarking (we use [Pave](https://pave.com)) with role, experience, location, and performance. Annual raises are not guaranteed, particularly when compensation is already strong relative to benchmarks. ## CEO handbook The [CEO handbook](./ceo-handbook.md) details processes specific to Mike McNeil, CEO of Fleet.