Jun 2, 2021
decent culture and great work location, sub par salaries
Anonymous employee
PlanMember Financial Response
4yWe agree with the commenter that PlanMember does have a fabulous location on the bluffs of Carpinteria, making it a convenient location for those in either Ventura County or Santa Barbara County to come to work. Per the compensation comments, “Industry Averages” is a broadly interpreted statement and can be easily misinterpreted. PlanMember strives to provide fair and competitive compensation and benefit packages for our employees. To best estimate salaries and economic influences PlanMembers’ HR utilizes industry salary surveys for each job description annually. These job surveys examine compensable factors such as licenses/credentials, education, experience, skills, knowledge, independent judgement, and responsibility required by each job along with location of position. Salary surveys evaluate each job’s value or worth to the organization and in the marketplace, establishing pay ranges that maintain internal and external pay equity. We also work closely with the UCSB and Cal Poly placement offices to benchmark starting salaries for new graduates. PlanMember salaries fall in the mid- to upper range of the recently available surveys. This data is consistently reviewed, taking company budgets, talent acquisition environment and inflation (Cost-of-Living-Adjustment/COLA) into consideration. Finally, it is also important to remember that pay rates are only ONE factor in calculating our “Total Compensation” or “Total Rewards”, which includes all the extrinsic and intrinsic rewards we receive because of employment (health care, profit sharing, etc.). We continue to be excited about our company and the growth prospects over the next decade!
