diff --git a/handbook/company/communications.md b/handbook/company/communications.md index 1084807f8e..2f090f33c3 100644 --- a/handbook/company/communications.md +++ b/handbook/company/communications.md @@ -830,33 +830,47 @@ Fleet gives new parents six weeks of paid leave. After six weeks, if you don't f **Non-US team members**: Fleet meets the relevant country's retirement contribution requirements for team members outside the US. +### Wellness budget + +Every Fleetie gets up to $80/month on their Brex card to put toward their choice of wellness. [Contact the 🧑‍🚀 People department](https://fleetdm.com/handbook/people#contact-us) with any questions. + + ### Compensation Compensation at Fleet is determined by benchmarking using [Pave](https://pave.com). Annual raises are not guaranteed, instead we ensure teammates are compensated fairly based on the role, experience, location, and performance relative to benchmarks. -### Wellness budget -Every Fleetie gets up to $80/month on their Brex card to put toward their choice of wellness. [Contact the 🧑‍🚀 People department](https://fleetdm.com/handbook/people#contact-us) with any questions. +#### Payroll dates + +US-based Fleeties get paid on the last business day of the month. International teammates' pay dates follow the same structure as US pay unless there are in-country requirements that dictate a more frequent cadence. + +Variable compensation (i.e. commission) is reviewed and submitted for processing by the [💸 Finance team](https://fleetdm.com/handbook/finance#team) by the 7th of each month for the previous month or quarter's contributions. US-based Fleeties that receive variable compensation will be paid by the 10th. International Fleeties will be paid no later than the last day of the month for the previous month's or quarter’s contributions. -### Payroll dates +#### Compensation changes -US based Fleeties get paid on the last business day of the month. International teammates pay dates follow the same structure as US pay, unless there are in-country requirement that dictate a more frequent cadence. - -Variable compensation (i.e. commission) is reviewed and submitted for processing by the [💸 Finance team](https://fleetdm.com/handbook/finance#team) by the 7th of each month for the previous month or quarter's contributions. US-based Fleeties that receive variable compensation will be paid by the 10th. International Fleeties will be paid no later than the last day of the month for the previous month's or quarter’s contributions. +Fleet benchmarks US-based team members based on the United States Dollar (USD). Non-US Fleeties are benchmarked in the local currency. Compensation decisions are re-benchmarked yearly, shortly after the anniversary of a team member's start date. The Interim Head of People is responsible for the process to [update compensation](https://fleetdm.com/handbook/it-and-enablement#update-a-team-members-compensation). -### Workiversaries +#### Exercise stock options + +Fleet uses Carta to manage its cap table. Fleet option holders can [exercise shares via Carta](TODO_ADD_MISSING_LINK). Before exercising your options, consult your own independent tax advisors or counsel to determine whether you are subject to taxation in any jurisdiction. + +- For *Fleeties exercising Non-Qualified Stock Options (NSOs)*, once an exercise request is submitted, it will be reviewed by the CEO before the request is approved in Carta +- For *Fleeties who are US tax residents and employees of the company*, Finance and People will update the withholding tax amount shown in Carta, based on estimates calculated by our US payroll system. If the "Fair Market Value" is less than or equal to the exercised price, the withholding tax amount is zero. If the withholding tax amount is larger than $500, Finance will reach out to confirm the total amount to be debited from your bank account before the request is approved. + +> FYI: You can calculate the "Taxable Income" by subtracting the exercised or "strike" price from the "Fair Market Value" of shares at the time of exercise. +> I.e. _"Fair Market Value" of shares at time of exercise_ - _strike price_ = "*Taxable income*" + +- For *Fleeties who are non-US tax residents*, please follow the instructions on this [page](https://support.carta.com/kb/guide/en/how-to-exercise-your-options-on-carta-wTFnzZVVFs/Steps/3763569,3781094,3780904) to exercise your options + + +## Workiversaries We're happy you've ventured a trip around the sun with Fleet- let's celebrate! The team will celebrate your tenure at the monthly "All Hands" meeting to highlight your dedication and contribution to Fleet, giving teammates an opportunity to share their appreciation of your contribution! -### Compensation changes - -Fleet benchmarks US-based team members based on the United States Dollar (USD). Non-US Fleeties are benchmarked in the local currency. Compensation decisions are re-benchmarked yearly, shortly after the anniversary of a team member's start date. The Interim Head of People is responsible for the process to [update compensation](https://fleetdm.com/handbook/it-and-enablement#update-a-team-members-compensation). - - -### Relocating +## Relocating When Fleeties relocate, there are vendors that need to be notified of the change. Before relocating, please create a [💼 Teammate relocation](https://github.com/fleetdm/confidential/issues/new?assignees=&labels=%23g-it-and-enablement&projects=&template=x-teammate-relocation.md) issue to [let the company know in advance](https://fleetdm.com/handbook/it-and-enablement#update-personnel-details) by following the directions listed in the relevant issue template.