Case Study: Sila achieves scalable, transparent compensation and stronger recruiting with OpenComp

Sila scales headcount 36% and boosts offer acceptance to 85% with OpenComp

Sila, a battery materials innovator, faced challenges with its compensation management software which could not support its rapid growth and the increasingly competitive job market. They needed a more scalable system to anticipate issues, model equity burn, and set competitive pay ranges. This led them to the vendor OpenComp for its compensation management software and expertise.

OpenComp worked with Sila to refresh its entire compensation system using market data to reset levels, develop salary ranges, and establish career progressions. This created a manageable, scalable, and transparent compensation strategy. As a result, Sila increased its headcount by 36%, hiring 90 people in just two quarters, and improved its candidate offer acceptance rate to 85%. OpenComp also provided the framework and training that transformed internal conversations about pay, building greater trust within the company.

Sila