People-Driven Success Story
Ritual Aligns Internal Comp & Benefits Transparency with External Values
Ritual is a personal health brand that is building the future of daily essentials.
100+
Employees
2015
Founded
LA
Headquarter in
Ritual is revolutionizing the vitamin and supplement industry with its focus on traceability. As part of its commitment to transparency, Ritual aims to extend this principle internally, ensuring employees experience an inclusive and transparent workplace. The People Team at Ritual has been instrumental in driving this initiative, particularly in the realm of total compensation and benefits.
Challenge
Ritual’s primary objective was to align its internal transparency with the external transparency it offers to customers. This involved reevaluating and benchmarking its total compensation and benefits package to ensure it is progressive and competitive.
Ritual partnered with Sequoia to transform its approach to employee benefits and compensation. The collaboration began with a thorough benchmarking of Ritual’s existing offerings, followed by strategic enhancements to align with industry leaders. Sequoia’s tech-enabled advisory services provided Ritual with the tools and insights needed to make informed decisions.
“Having both our comp and benefits through Sequoia gives us the total view into what we’re offering employees,” Stephanie Lucchesi, Ritual’s former Head of People, explained. “My hope is that we can understand trade offs moving forward. If we’re making compensation decisions, how might that play out on what we need to do with our benefits?”
Sequoia really feels like an extension of our team, which is exactly what I was looking for
Phase One: Benefits Reevaluation
Sequoia conducted a detailed analysis of Ritual’s benefits offerings, comparing them against industry benchmarks. This phase focused on identifying gaps and opportunities for improvement, ensuring Ritual’s benefits were both competitive and aligned with its values. Together, they closely evaluated the quality of the benefit offerings, health care providers, and employer/employee contributions.
“Sequoia really feels like an extension of our team, which is exactly what I was looking for.”
Phase Two: Total Compensation Benchmarking
With Sequoia’s guidance, Ritual also embarked on a total compensation analysis. This involved a deep dive into compensation philosophy, leveling guides, compensation bands, and more. Sequoia’s expertise helped Ritual maintain transparency with its teams throughout the process, sharing data-driven insights and fostering trust.
Results
The partnership with Sequoia led to significant improvements in Ritual’s total compensation and benefits strategy:- Enhanced Benefits Package: Ritual rolled out new medical partners and providers, and reduced benefit costs for nearly all employees. This change was supported by benchmarking data, allowing Ritual to make informed decisions that benefited its workforce while also staying within the company budget.
- Transparent Compensation Strategy: Sequoia’s data-driven approach to Ritual’s compensation analysis is empowering employees with knowledge and trust that they’re being compensated fairly. With the results, leadership can also feel confident that their new philosophy is scalable for long-term growth.
Impact
With Sequoia’s expertise and tech-enabled solutions, Ritual has successfully aligned its internal practices with its external commitments, creating a workplace where employees feel valued and informed. Ritual’s priority moving forward is to ensure that the company continues to drive the right results with the investments they’ve made. “We want to make sure we are creating longer retention, higher engagement, and better output.” Stephanie said. And with Sequoia, she feels confident they’ll be successful.Meet the Client
Stephanie Lucchesi
Head of People, Ritual
Sequoia Delivers
Sequoia supports Ritual’s mission by delivering the following key services and products:Ritual relies on Sequoia’s guidance and technology to create the best employee experience
Compensation Management
Built collaboratively with our expert comp advisory team, Sequoia Comp OS™️ is an end-to-end solution that breaks down silos and eases complexity to give you immediate visibility and better control over your global people spend.
Healthcare Services
A smarter way to impact employee health
Sequoia is the partner people-driven companies turn to when it’s business-critical to get healthcare benefits right. We put useful data, insights, and guidance at your fingertips so you can make smarter choices about healthcare spend and make sure your programs serve the needs of your people and your business.