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Compensation

If you skipped the first couple of sections and went straight here, we don't blame you.

We realise that compensation and benefits are a crucial part in deciding where to work. We’re in a fortunate position to be backed by some of the best investors in the world who also believe in this. They know that to convince the best people in India to work with us, we need to pay them well.

Time is of the essence in an early-stage startup and we are certain that being totally upfront about compensation saves time for both you and us. The following sections tell you what to expect if you end up working at Even.

Our compensation framework

With Even, our goal is to make a top of market offer to all of our team members, both for the cash and equity components.

Any company is only as good as the people who choose to work there and we know that in most cases, the market actually undervalues the very best people. So, no, we don't think we're being too generous.

We also believe in fairness and transparency and so in that spirit, here is our existing framework:

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ESOP refers to Employee Stock Ownership Plan

Engineering

Salary levels (yearly total)ESOP (4 year vesting)
₹16 lakhs
₹22.5 lakhs
₹24 lakhs
₹33.5 lakhs
₹36 lakhs
₹50 lakhs
₹54 lakhs
₹75 lakhs
₹72 lakhs
₹112.5 lakhs

Higher salary and ESOP levels are available for highly skilled, experienced engineers.

Your compensation level is determined based on your skill and experience (not your age 😉), and we want team members to progress quickly.

Design & Research

Salary levels (yearly total)ESOP (4 year vesting)
₹16 lakhs
₹22.5 lakhs
₹25 lakhs
₹33.5 lakhs
₹39 lakhs
₹50.5 lakhs
₹60 lakhs
₹75.5 lakhs

Medical - General Medicine

Salary levels (yearly total)ESOP (4 year vesting)
₹24 lakhs
₹12 lakhs
₹27.5 lakhs
₹12 lakhs
₹32 lakhs
₹18 lakhs
₹36.5 lakhs
₹18 lakhs
₹42 lakhs
₹27 lakhs

Medical - General Physician

Salary levels (yearly total)ESOP (4 year vesting)
₹12 lakhs
₹6 lakhs
₹14 lakhs
₹6 lakhs
₹16 lakhs
₹9 lakhs
₹18 lakhs
₹9 lakhs
₹21 lakhs
₹13.5 lakhs

Medical - Health Claims/Underwriting

Salary levels (yearly total)ESOP (4 year vesting)
₹6 lakhs
₹65k
₹8 lakhs
₹1.5 lakhs
₹11 lakhs
₹3.4 lakhs
₹15 lakhs
₹5 lakhs

Business Development Manager

Salary level (yearly total)ESOP (4 year vesting)
₹7.20 lakhs
₹1 lakh

Customer Success Manager

Salary level (yearly total)ESOP (4 year vesting)
₹7.20 lakhs
₹1 lakh

Enterprise Sales

Salary level (yearly total)ESOP (4 year vesting)
₹16 lakhs
₹13.50 lakhs
₹25 lakhs
₹20 lakhs
₹36 lakhs
₹30 lakhs
₹47 lakhs
₹45.5 lakhs

Content & Community

Salary level (yearly total)ESOP (4 year vesting)
₹10 lakhs
₹4.5 lakhs
₹12 lakhs
₹4.5 lakhs
₹15.5 lakhs
₹6.5 lakhs
₹19 lakhs
₹10 lakhs

Finance

Salary level (yearly total)ESOP (4 year vesting)
₹17 lakhs
₹9 lakhs
₹20.5 lakhs
₹9 lakhs
₹26.5 lakhs
₹13.5 lakhs
₹32 lakhs
₹20 lakhs
₹38 lakhs
₹30 lakhs

Negotiations suck

When we make you an offer, we are making what we consider to be the first and best offer. We've spent a lot of time trying to ensure that our offers are some of the best in the market. If you're applying for a role where our compensation package is already outlined, you can assume that will be our offer.

To the best of our knowledge, our compensation combined with ESOPs is top of the market for all of our roles. At the same time if you currently have a cash compensation package (excluding ESOPs and RSUs) that is better than what we offer, do let us know. We will do right by you and improve our current compensation framework along with revising the compensation for our existing team members so they are matched fairly with any new hires.

If you're applying for a role where we haven't yet outlined our standard offer (for a team leadership role for example), you can assume that if we do make you a final offer, it will be the very best one we can afford.

We will pay for you to get legal advice before you sign

Employment offers can be complicated and it can feel like you’re signing up to something you don’t fully understand. You end up asking your friends for advice and, while that is a good idea, for such a big decision we feel you should be fully informed.

If we make you an offer to work at Even, we will reimburse you up to ₹10,000 to get legal advice from a lawyer of your choosing, particularly when it comes to the ESOP part of the offer. This is also regardless of whether you choose to take the offer or not.

Ideally you’d choose a lawyer with experience of working with technology start ups and we’d be happy to suggest some names. The only provision being that you wouldn’t be able to use Trilegal, as they are our company lawyers and we want to avoid any conflict of interest.

We understand people have different levels of risk tolerance

Although we don’t negotiate once we make an offer, we do realise not everyone is in the same situation in their lives, particularly when it comes to risk.

With that in mind, we do allow for team members to trade off between the cash and equity part of any offer we make. This can be up to 10% in either direction.

For example, if we make an offer of 24l in cash and 36l in equity options, you would be able to get up to 10% more cash (24l + 2.4l = 26.4l) for 10% less equity (36l - 3.6l = 32.4l) or up to 10% less cash (24l - 2.4l = 21.6l) for 10% more equity (36l + 3.6l = 39.6l). Either way, the decision is entirely up to you.