Compensation change approvals
| If you want to… | Your management | People | Talent | Finance | Notes |
|---|---|---|---|---|---|
| Give someone a promotion (and raise their compensation at the same time) | Approval | Approval (to ensure leveling criteria have been used) | Notify (if your hiring plans change) | Request a change in BambooHR. Once submitted, the People Ops team will reach out with any questions prior to making the change, or will notify you once the change has been made. | |
| Bring someone’s compensation in line with their band | Notify (approval only required in special circumstances) | Notify | Request a change in BambooHR. Once submitted, the People Ops team will reach out with any questions prior to making the change, or will notify you once the change has been made. | ||
| Give someone a spot bonus | Approval | Approval | Notify | Request a change in BambooHR. Once submitted, the People Ops team will reach out with any questions prior to making the change, or will notify you once the change has been made. | |
| Change your team compensation bands | Approval (VP-level approval required) | Notify | Notify | Approval | Change proposals should come with clear justification in the form of: - Evidence of market changes - Evidence of multiple lost candidates due to compensation or multiple new hires coming in with special compensation levels |
| Give an offer or promotion with compensation outside of band (including one-time hiring bonuses, unique commission plans, draws, and similar) | Approval (VP-level approval required) | Approval | Notify | This should be extremely rare, in keeping with our compensation philosophy. More often, if a candidate requires this, it’s likely an issue with our bands needing updates or misleveling of a candidate. |