Great Culture is no longer a tradeoff for Low Pay - Anonymous employee BambooHR Employee Review

Unfortunately, Bamboo’s approach to base compensation is struggling to compete with market norms. Their comp strategy is based on a workplace climate about a decade old — where people were leaving toxic jobs and taking pay cuts in favor of a positive culture. But the market has changed. Bamboo’s positive culture is no longer rare, especially with tech companies touting unmatched culture exploding across Silicon Slopes. People don’t just want it all; they can go get it all — the values-driven work, the positive culture, the fantastic coworkers/management, AND a competitive salary. Especially as the future of remote work evolves, Bamboo must learn to compete with national and global companies. The company is seeing increased rates of turnover, all citing low pay as their reason for leaving. Some real comp data to illustrate my point: Software Engineer (BambooHR > new company, same job duties/title) ~$110k to ~$160k Systems Admin (BambooHR > new company, same job duties, different title) ~$65k to ~ $120k Operations Manager (BambooHR > new company, same job duties/title) ~$90k to ~$120k Project Manager (BambooHR > new company, same job duties, Senior title) ~$85k to ~$115k I’ve seen comments from industry experts in this extremely hot job market stating “if you’re basing your comp strategy on available data sources, you’re already pricing yourself out of the market. Inflation and salaries are increasing at a rate that available data can’t accurately reflect.” In addition to comp structure, Bamboo didn’t invest early enough in critical infrastructure like Operations or Data Engineering, and they’re now dealing with major resource constraints in those areas as the company tries to scale. I also saw numerous signs (some from direct interactions with the CEO) that indicated Bamboo was experiencing a cultural shift that treats frontline employees more like numbers than people. Toward the end of my tenure there, I came out of meetings that had me wondering, “do I really want to be part of where Bamboo is going?”