Creating a Compensation Scenario

Welcome’s Compensation Scenarios empowers your team to make informed pay decisions by equipping them with the ability to:

• Compare multiple compensation scenarios for roles, candidates and employees.
  
  
• Access real-time market data for cash, equity, and benefits all in one place to stay ahead of today’s competitive market.
  
  
• Share scenarios with internal stakeholders for review and approval before sending a formal offer to a candidate or comp adjustment for an employee.

1. Creating a new Compensation Scenario: Plan and benchmark your team’s salary and equity compensation in real-time on one platform for everyone by selecting the yellow “New Scenario’ button in the top right corner.
   
   
   
2. Choose your Compensation Scenario Type: You can choose to build a compensation scenario for an open role you’re looking to benchmark, a candidate you’re interested in hiring, or for an employee whose compensation you may want to adjust.
   
   
   
3. Provide Details: Enter the relevant information that you would like to model for your compensation scenario. In this example, we have chosen to build a compensation scenario for a Role.
   
   
   
4. Review Compensation Data: Once you’ve connected your payroll and cap table platforms, you will be able to access real-time market data for cash, equity, and benefits to help you stay ahead of the market and make informed decisions.
   
   
5. Build Compensation Scenarios: You can build multiple compensation scenarios while referencing everything you need to make informed and competitive decisions.
   
   
   
6. Share Scenarios: Share Scenarios you’ve developed with internal stakeholders for review and approval before sending a formal offer on Welcome.
   
   

If you have additional questions, please email [e-mail].