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Compensation for each role is a combination of salary, equity, and benefits.
The salary for a role is determined using market data from Option Impact that takes into account the stage of our company (Seed Funding Only), the industry we’re in (Enterprise), and the level of the role (Junior, Intermediate, Senior, etc).
Where you work from is also a factor. We aim to pay highly competitively (at the top or above market) everywhere by dividing the world up into a limited number of regions, and using this same market data to determine a salary that is competitive in the entire region.
Specifically, we determine the lower and upper bounds for regional salaries by taking the top-of-the-market (75th-90th percentile) salaries for the role in San Francisco, and multiplying them with a region-specific factor that is determined by comparing the SF salaries with salaries in the region’s major cities (that represent its top-of-the-market).
For roles at the Head/Director level and up, we pay US salaries regardless of the region, as the top-of-the-market talent pool at these levels is relatively small and as a result regional differences in salary are as well.
Meltano believes in paying every team member fairly, and we aim to keep our salaries competitive even beyond each individual’s hire date. At specific company milestones and at minimum once every 12 months, Meltano performs a company-wide compensation refresh. Each indididual’s compensation will be checked against the above-mentioned market data in order to recalculate the updated target salary range. As a part of the periodic realignment, each team member’s annual salary will be raised as appropriate, in order to reflect the latest target salary ranges.
Meltano wants to afford its employees the ability to live wherever they wish. Generally moving within the same country is not a problem. But, there are legal implications to an employee moving. This includes Meltano having to register as an employer in whatever jurisdiction its employees live. Because of this, employees must ask for and receive permission in order to move between countries or between US states.
As an early-stage company, we expect every team member to have a huge impact on our success. We want to make sure that everyone has a financial stake in the success and that contributions are rewarded.
The equity (stock options) for a given role and level is determined using the same market data used for the salary, but there is no difference between regions and the San Francisco benchmark is used wherever you are based.
Specifically, we divide the 75th percentile Gross Equity Value by the latest valuation of the company to determine the appropriate ownership percentage, which is then multiplied by the total number of shares to determine the number of options to be granted.
Stock options vest monthly over 4 years, with a 1-year cliff. Early exercise is generally allowed in countries where this has potential tax benefits and is permitted by local regulations. Currently, early exercise is available to Meltano employees in the US and UK. Employees living in other countries who wish to early exercise can ask and Meltano will investigate whether this option can be made available in their country.
See the page on Benefits.