Formance Benefits Overview

Offers 401(K)

Offers disability insurance

Provides 401(K) matching

4% employer match

Offers life insurance

Offers company equity

Offers competitive compensation and rewards package

Promotion-related pay increases clearly defined

Offers performance bonuses

Defined commission tiers and policy for applicable employees

Uncapped variable compensation — no ceiling on commissions.

Geographic pay differences are clearly defined and explained

Offers dental insurance

Offers health insurance

Aetna, 6 plans available

Offers mental health benefits

Offers Flexible Spending Account (FSA)

Offers vision insurance

Offers immediate health care coverage on employee start date

Provides fertility benefits

Fertility coverage included in all Aetna medical plans (US).

Provides commuter benefits

Employees provided with well-designed, comfortable workspace

Provides a mobile phone discount

Provides free snacks and drinks

Office has designated quiet areas and collaboration zones

Has a dedicated diversity and inclusion staff

Mandated unconscious bias training

Has a highly diverse management team

Hiring practices promote diversity

Utilizes a flexible work schedule

In-office days / expectations are defined

Established expectations for communication between time zones

Utilizes a hybrid work model

Async-friendly policies, culture that encourage work flexibility

Flexible work schedule is defined with set expectations for start times, working hours and availability

Utilizes an open door policy that encourages accessibility

Engineering team utilizes pair programming

Uses an OKR operational model to clearly define goals and priorities

Documented operating principles

Promotes a people-first, social culture

Prioritizes mission-driven work in decision-making processes

Policies promote a low-ego, team-driven culture

Leadership encourages open, transparent debate

Documented policies and procedures to protect employee privacy and data

Open office floor plan to encourage communication and collaboration

Implements team-based strategic planning

Hosts in-person revenue kickoff meetings

Defined values and mission statements

Defined policies promoting a professional, respectful workplace

Prioritizes real-world impact of work in decision-making processes

Leadership is transparent and communicative

Mistakes are treated as learning opportunities

Managers offer consistent feedback loops

Provides modern technology across teams

Managers give public shoutouts and celebrate employee milestones

Provides resources to build team camaraderie

Encourages autonomy and ownership from employees

Employee feedback used to shape policies and strategy

Offers company-sponsored outings

Works with employees to create a sustainable work pace

Flexibility provided during personal challenges

Offers company-sponsored happy hours

Offers wellness initiatives designed to combat burnout and mental fatigue

Offers an Employee Assistance Program (EAP)

Offers generous PTO

Unlimited PTO, minimum 20 days tracked

Provides paid sick days

Offers a flexible time off policy

Procedures in place to ensure employees utilize PTO

Provides paid holidays

Utilizes an Unlimited PTO policy

Provides bereavement leave

Provides sick leave

Job training & conferences

Provides structured early-career growth opportunities

Supports employee-driven initiatives, not just top-down priorities

Defines roles and sets expectations for success

Managers hold regular development check-ins

Provides structured onboarding for new employees

Provides opportunities to take on expanding responsibilities

Encourages knowledge sharing and cross-functional collaboration

Provides training support and resources for AI adoption

Promote from within

Compensation and role evolution are reviewed frequently, tied directly to impact — not a fixed leveling system. Decided directly with the founders.

Regularly scheduled promotion review cycles for employees

Bi-annual performance review cycles, covering career path and compensation conversations for all employees.

Encourages lateral mobility to expand skills and impact

Prioritizes promotion advancement based on impact

Posts new positions internally and encourages employees to apply