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9 | Why do we work with a placement framework? | ||||||||
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11 | We believe in the value of transparency and mutual trust. This is why we have developed* a framework that accounts for different levels of responsibility within the team and at the same time openly displays how these are compensated. Everyone contributes different skills, experiences and talents to the team. Yet, the compensation is the same for people with the same responsibility. | ||||||||
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15 | Basics of the framework | ||||||||
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17 | Key terms | ||||||||
18 | Level: | Levels are our way to differentiate between different scopes of responsibility. Note: levels do not reflect hierarchy levels or reporting structures. | |||||||
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20 | Step: | Steps measure progress within a level. While a change in level necessarily also encompasses a change in scope of the role, your job usually stays the same across steps. | |||||||
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22 | Career path: | You don't need to lead people to advance within our framework. We offer everyone the choice between a people leader track (classical 'manager') and an expert track, which does not involve people responsibility. | |||||||
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25 | Ranges: | Every compensation packages includes virtual stock options (VSOP). Depending only on your risk appetite you can choose between a higher salary and less VSOP or a lower salary and more VSOP. | |||||||
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28 | Our VSOP program - Orbem for all, all for Orbem | ||||||||
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30 | The single reason for Orbem’s success is the exceptional team of incredibly talented people working towards our vision: shedding light on the world’s toughest challenges. To let everyone contributing to Orbem participate in the company’s success, we have installed a Virtual Stock Options Program (VSOP). In short, you are granted a certain number of virtual shares which increase in value proportionally to the company. You will be able to execute your options in case of a liquidity event, which is either an exit (private sale of the company) or an IPO (public sale of the company). All compensation packages include virtual stock options (VSOP). VSOP is a complex concept, so any numbers we could publish would be meaningless without more information. This is why we don't publish them, but you will get all relevant information during the hiring process. | ||||||||
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38 | Compensation packages | ||||||||
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40 | Placement | Expert track | Manager track | ||||||
41 | Level 1 - Entry | Step 1 | €40,000 - €45,000 | n/a** | |||||
42 | Step 2 | €45,000 - €50,000 | n/a** | ||||||
43 | Level 2 - Developing/Lead | Step 1 | €50,000 - €60,000 | ||||||
44 | Step 2 | €55,000 - €65,000 | |||||||
45 | Level 3 - Advanced/Head | Step 1 | €65,000 - €75,000 | ||||||
46 | Step 2 | €70,000 - €80,000 | |||||||
47 | Level 4 - Expert/Director | Step 1 | €80,000 - €90,000 | ||||||
48 | Step 2 | n/a*** | |||||||
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50 | Student | Intern | €2,080 / month | ||||||
51 | Working Student | €12 - €18 / hour, depending on experience level | |||||||
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53 | *Thanks to Buffer for the inspiration | ||||||||
54 | **Manager track begins at 2.1. | ||||||||
55 | ***We are currently not hiring externally for roles placed at 4.2. | ||||||||
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