Location: San Francisco, CA
Industry: Social Media
Reddit is an online community where users submit, vote, and comment on content, news, and discussions.
Nicknamed "the front page of the internet," Reddit is one of the top five sites in the United States, with 100k+ communities and 52M+ daily active users.
We got feedback from our team that Compaas is the best comp tool they’ve ever worked with.Our people leaders loved the tool and thought it was seamless. It was a HUGE win for us.
Chris Vanzetta, Senior Director of HR at Reddit, was facing a big challenge: shifting the company’s longstanding practice of anniversary reviews and raises to annual company-wide cycles, including dozens of managers, approvers, and executives.
Juggling spreadsheets, making copies for each manager, and merging changes would require a lot of overhead. He also knew how time consuming it could be to send out custom total compensation letters to employees.
Chris needed to create an efficient, secure process in order to ensure a smooth transition for Reddit.
By leveraging the power of the entire Compaas platform, the HR team at Reddit was able to make a seamless transition to their new annual review process, while improving efficiency and security.
Even while the cycle was open for managers, Reddit's compensation team was able to shift budgets, modify targets, and shift employees to different slate owners.
Prior to using Compaas, each manager spent an average of 30 minutes meeting with HR for guidance around the review cycle, and another 30 minutes deciding how to allocate their budget. With so much employee information available at their fingertips in manager view, managers have been able to cut the average time spent by 42%.
Key integrations using Compaas: