Jera was engaged by a fast-growing Fintech startup, who recognized the need to verify their existing market benchmarking and wanted to ensure they were offering competitive compensation packages to attract and retain top talent. The client had experienced significant growth in the past year and was anticipating continued expansion in the future, making it critical to establish clear career paths and pay ranges for all potential levels needed in the next 3-5 years.

In response, Jera designed a comprehensive compensation strategy that included identifying additional relevant market data sources and creating a detailed job architecture with clearly defined pay ranges for each role. The new job architecture not only ensured pay equity across the organization but also provided a clear framework for career advancement well into the future, leading to increased employee satisfaction and retention. The job architecture was designed to be easily scalable, requiring minimal upkeep even during periods of high growth.

Jera's expertise in change management and communication also helped the client to navigate the complexities of implementing the new job architecture and pay ranges. Our team worked closely with the client to develop a communication strategy that kept employees informed and engaged throughout the process, ensuring a smooth transition to the new compensation model.

Overall, Jera's work with this client demonstrated our ability to deliver comprehensive compensation solutions that are tailored to the unique needs of each organization, regardless of industry or size. By providing a competitive and transparent compensation package that aligned with the client's mission, values, and goals, Jera was able to help the client attract and retain top talent, paving the way for continued growth and success in the future.