Transparency and consistency. We want to reward sincere and fair.
Salary Scales
We think it’s important that colleagues with the same level of impact and seniority have roughly the same salary. That is why the categories we use in the Growth Framework correspond with the salary scales. We use the same categories and thus salary scales for experts and people leads, because we feel experts within a specific discipline are equally important compared to great people leads. We update our salary scales once a year during the Annual Review Round.
Annual Review Round
Once a year we review our salaries for everybody working at team5pm. The review round takes place during January and is effective from February 1st. The raise consists of two parts:
Part 1: team5pm Percentage: the team5pm percentage varies every year and depends on economic circumstances. The team5pm percentage is equal for all team members within every country. Every year during the Annual Review Round we will announce that year’s team5pm percentage.
Part 2: Individual Percentage: the individual percentage is a fixed percentage that is matched to your personal growth and development of the past year.
What if I reach the end of my salary scale?
In this case you just get the team5pm Company Percentage percentage and not your individual one. Another option is of course that you move up an entire Category in the Growth Framework if that matches with your Growth and Development.
What if I receive a promotion during the year?
Congrats! You can be promoted at any moment throughout the year, and if that promotion comes with a salary raise then that doesn't affect the annual review round.
What is promotion? What does this mean? A promotion is when you get;