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The Value of Instant Results

A growing company and the gift of time

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The Company

Company: Varo Money
Location
: San Francisco

Industry: Finance Tech

Varo is a mobile banking startup for consumers with a company mission to improve people’s financial health through better technology.

As part of their deep concern with security and privacy, Varo used Compaas to conduct their compensation cycle.

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The Problem

After quickly reaching 200 employees, and with continued growth on the horizon, Varo’s People Team knew they were going to need help setting up and running a compensation cycle in time for their quarterly board meeting.

After months of intense levelling and performance reviews, the team needed a secure and stress-free way to set salary requirements and gather raise recommendations from stakeholders.

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The Solution

HR software and a signature process that handles the math, and gives managers a secure easy way to log in and distribute their raise budgets. 

  • A user-friendly experience
  • A centralized, secure overview for HR
  • White Glove onboarding
  • Custom rules and access
  • Easy, yet powerful reporting tools
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Outcomes

  • The security of knowing people only see the right data.
  • Managers loved Range Penetration and the simple UI
  • Quick on-boarding and export for payroll
  • Instant and midstream results for stakeholders and board meetings
Key integrations using Compaas
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Ready to see more?
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Ann Watson
CPO, Varo

At a prior job, I had 4 people plus myself working on this and we probably all spent a collective two weeks on it. That’s really expensive. From a focus, and even an hourly rate, this is one of the most expensive things we do.

I was sitting with a group of HR compatriots and I said: I just completed a comp process without any spreadsheets!

They all gasped, because we normally just deal with this anxiety and this work.

1 week
Setup
1 week
raises
1 week
approvals

Context and Understanding

Give managers the data they need to make good decisions.

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