22 Sept 2022
Pure Watercraft Response
3yThanks for your review, and for the appreciation you expressed for our product & vision (which are really a product of many people's work here). I'd like to respond to some of your concerns.
First, a couple of areas in which I disagree:
- I believe salaries are relatively consistent, and I agree that consistency is important. The way we avoid inconsistency is by benchmarking salaries against market data every six months, and making adjustments, based on each employee's job duties and level of expertise. Two employees with the same title will have different salaries if their level is different, and someone with the same number of years of experience as someone else may have a higher salary because they work in a high-value specialty.
- "Communication from HR & management seems superficial" - I'm always available on our company Discord and I respond to everyone. I speak from the heart, and hope that comes across.
Concerns with some degree of validity to which I'd like to respond:
- We don't as a company organize a lot of social events for people to get to know each other (though we just had an event at the end of this summer to celebrate the interns, and invited all local employees, with very good turnout). We could do better at this, especially since we have a distributed team with members in multiple places.
- We do intend for salaries to be below the salary-maximizing market, since we also provide employees equity (which we intend to result in competitive total compensation), and because we seek employees who are here because they believe in our purpose. We don't want people sticking around for a high salary if they don't believe in what we do.
- We have higher turnover than some older, more established companies. The reasons for this include the fact that we're growing fast, so our needs change over time, and our work environment changes, so we may be a fit for someone one year, and not a fit a couple of years later.
- We don't treat employees as "disposable", but we do consider this a high-performance team, and people should be here to perform.
- "Unclear company outlook" could be said about many companies right now. We are executing on our vision, and building products that people want (as shown in the data shared internally with every employee), but the environment is shaky now, and our future depends not only on our own execution, but on future conditions. It's completely understandable for people in this company (and most others in our field, and in many other fields) to feel that the future is unclear.
Thanks again.
Andy Rebele
Founder & CEO