When used as a motivational tool, though, it can incentivize the wrong kind of optimizations. Our goal with salary is that it checks the box of "enough" for folks who are excited about working at Obvious (because of our mission, people and work) and then fades into the background.
Fair and Equitable: A basic tenet of our framework is that everyone doing the same work gets paid the same
Simple and Accessible: Our formula needs to be simple enough for everyone to understand
Adaptable: Our framework needs to be able to adapt and evolve
Competitive: Our compensation package remains competitive
Obvious evaluates compensation annually. Our ability to offer raises is dependent on our current financial situation.
Obvious does not currently give bonuses for any reason.