Compensation at Gatsby

Gatsby has implemented a unique compensation model aimed at promoting fairness and transparency by offering salaries and equity above industry averages, especially in comparison to similar tech companies. Their compensation formula considers five key factors: job type, level, step, location, and employment type, and it is designed to eliminate biases that have historically affected underrepresented groups. The model uses industry data from high-cost labor markets like San Francisco to determine benchmarks and adjusts salaries for strong performers incrementally. Gatsby's equity allocation is straightforward and determined solely by job type and level, unaffected by step, location, or employment type. This approach aims to assure potential candidates of competitive, fair pay and guide other companies in creating equitable compensation structures. The standardized model, however, offers limited negotiation flexibility, a tradeoff Gatsby accepts in favor of equitable pay.