๐ What Are Global Benefits Principles?
Global Benefits Principles are the foundational guidelines that shape how Camunda designs, implements, and manages employee benefits across all our global locations. These principles ensure that every Camundi receives fair, competitive, and meaningful benefits regardless of their location, role, or level within the organization.
Our core focus for all countries is to:
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๐ Our Benefits Mission
โ ย We strive to be anย Employer of Choice by offering benefits that reward and motivate โ Our approach emphasizesย Inclusivity, Flexibility, and Market Competitiveness โ ย Benefits are designed to enhance holistic well-being (physical, mental, financial, social) โ ย We provide meaningful choices that address diverse needs across employee life stages |
๐ Our Seven Core Principles
1. ๐ Competitive Recruitment & Retention
We attract and retain the best talent in the market through competitive Benefit Programs in each country, with clear definition of our market position.
2. ๐ Global Consistency with Local Relevance & Equity
We balance global consistency with local market appropriateness in our benefits approach. Where possible, we offer global benefits that are inclusive for all Camundi with different needs.
Equitability is a core component of this principle - we ensure that we are equitable and do our best to provide benefits that treat entity-based and EOR-based employees equally. Our benefits are designed to be accessible and valuable to all employee demographics, regardless of location, role, or level.
3. ๐ช Holistic Well-being Focused
Benefits are not based on performance. Instead, employees are offered competitive benefits to enhance the physical, mental, financial, and social well-being of our global workforce.
4. โ๏ธ Equitable & Inclusive Coverage
Equitability is important to us. Where available, Camunda ensures at least one entity-specific plan with limited to no expense for dependents. Our benefits are designed to be accessible and valuable to all employee demographics.
5. ๐ Transparency
We are transparent about our benefits approach and provide public documentation on all plans for candidates and employees to access.
6. ๐ Continuous Improvement
Benefits are continuously reviewed. As Camunda scales, we use data and employee feedback to ensure our benefits remain competitive for like companies of our stage and size.
7. ๐ฐ Financial Responsibility
We ensure the long-term sustainability of our benefit programs while maximizing employee perceived value relative to company cost. We establish clear governance for benefit changes and enhancements.
8. ๐ Implementation Excellence
We strive to make benefits easy to understand, access, and utilize. We regularly measure program effectiveness and make adjustments based on utilization data and feedback.
๐ How We Stay Competitive
To ensure our benefits align with best practices and competitor offerings, we use two main approaches:
1. Benefits Broker Partnerships
We partner with specialized benefits brokers to conduct annual reviews of our benefit offerings, ensuring competitive pricing and coverage levels:
- North America: Partnered with Sequoia
- Germany: Partnered with TPC
- Rest of World: Partnered with BAS
2. Market Data Analysis
We regularly compare our benefits against other companies and analyze the prevalence of existing and potential benefits:
- Partner with three market-leading providers: Radford, ERI, and Comptryx
- Use data-informed decision making to drive our benefits strategy
- Benchmark against comparable companies in our industry and stage
When evaluating new benefits or changes to existing programs, we consider these key questions: 1. Strategic Alignment Check
2. Employee Experience Assessment
3. Market Positioning Evaluation
4. Financial Analysis
5. Implementation Planning
6. Evolution & Long-Term HealthAs Camunda evolves, we periodically review existing benefits to determine if they still align with our principles and objectives. This may involve:
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