I joined a fintech in London as the first reward hire four months ago. We are about 450 people, expecting 650 by the end of next year. The founders set up six levels when the company was 80 people and they are proud of how flat it is.
The pressure points are obvious. Level 3 holds 38% of the company and covers people with two years' experience and people with nine. Promotion from 3 to 4 takes four years on average and exit interviews mention it constantly.
I am inclined to go to eight or nine levels, but I do not want to redo this at 1,500 people. How did others size it, and is there a way to add levels without everyone feeling re-graded?