Who This Affects
Any company who is a Total Compensation customer can benefit from this feature within Offer Letter.
Companies will now be able to present candidates with up to three offer packages at once with various levels of cash, equity, and variable compensation. Candidates can compare these packages against one another with the Compensation Projection chart and can choose to accept the offer package that is best for them.
This release also includes an updated “First year compensation summary” in the offer letter so candidates can better understand and conceptualize the offer being presented to them upon first glance.
How does it work?
Offer Letter Creation Form
When creating an offer letter, you can add up to three “compensation packages” for the candidate’s offer.
The candidate will be able to select which package is represented in the First year compensation summary.
The candidate will be able to compare each package against each other in the Compensation Projection chart, too.
For companies using Carta’s acceptance flow, candidates will be prompted to confirm which compensation package they would like to accept in a modal prior to agreeing to the offer.
Companies that are not using Carta’s acceptance flow in the offer letter can correspond with candidates offline to determine the offer letter package the candidate would like to accept.