Lucid Software Compensation FAQ

Read what Lucid Software employees think about their compensation at the company.

Lucid Software has a compensation and benefits rating of 4. If you want to know how much Lucid Software employees make, head to their Salaries page to see a list of salaries per occupation, along with bonuses.

All answers shown come directly from Lucid Software Reviews and are not edited or altered.

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5 English questions out of 5

July 14, 2019

What is the salary like at Lucid Software?

Pros

Lucid hires the best of the best. They've been able to attract talent that is innovative, hard-working, and generally fun to work with. They've mastered the art of marketing themselves as the "fun" start-up and utilize those perks to their advantage during salary negotiations knowing that prospects will take the pay cut for opportunity to work at a company that offers great culture and top-notch people. The quick list: Stocked kitchen (most of the time) Beautiful office and fun space 401k match Great benefits

Cons

As with many companies that are growing quickly, their hiring criteria isn't as stringent as it used to be. They're experiencing large turn-over of employees who have been there for 2+ years and the management they've brought in has brought a more staunch and conservative culture to the once thriving and innovative teams. Lucid is not a start-up anymore. With 500+ employees and counting, you're not going to experience the culture that once was at Lucid. If you're looking for a cool, quick-paced, innovative and flexible environment you've missed the boat here. The quick list: - Low pay (they say they use Radford averages, but I've gotten offers from other companies who also use Redford averages and the offers are 20% higher) - Growing so quickly employees get lost in the shuffle (no raises/promotions unless you say you've got another offer) - Not as flexible or innovative as the start-up it once was - High turn-over

Advice to Management

Check in on your employees when you put a new manager in place. They'll tell you what is working and what isn't. New managers are your key to maintaining the positive environment that Lucid once had and they're thrown into their role without any follow-up and feedback from the teams they're managing.

Low pay (they say they use Radford averages, but I've gotten offers from other companies who also use Redford averages and the offers are 20% higher)

July 14, 2019

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January 23, 2021

What are other benefits and incentives like at Lucid Software?

Pros

Growth opportunities, some benefits, mission-driven leaders, younger culture that focuses on teamwork over ego, WFH stipend, decent focus on diversity and inclusion, incredibly stable outlook.

Cons

Compensation, compensation, compensation. I've seen swaths of people leave my department because other Utah tech companies have offered up to 40% more in compensation for the same role. Lucid leadership refuses to acknowledge that they pay below market and instead say that they continue to use a compensation research company to help determine salaries. Not convinced that it's working if area tech companies continue to poach Lucidites. Great if you're just starting a career but once your 4-5 years in, it doesn't become worth it anymore. Lucid is starting to appear in the same arena as places like Pluralsight, Qualtrics but the compensation means they aren't recruiting the talent needed to get to that level. Unfortunately, PTO is quite restrictive for the tech industry. 15 days PTO as a SaaS company with ten years under its belt? Unlimited PTO is standard in many competing tech markets (and in many Utah tech companies). Most benefits that are touted in response to concerns are focused specifically on parents (which are incredibly important) but considering the young crowd Lucid attracts, it just doesn't cut it. Grateful the CEO is progressive enough to celebrate Juneteenth and MLK Day but they took away our floating holiday to do so. Essentially, management is getting credit for being progressive while forcing employees to pay for it with a rare day off. A true statement would have been to allow employees to keep their floating holiday and close the company down on holidays celebrating racial justice.

I've seen swaths of people leave my department because other Utah tech companies have offered up to 40% more in compensation for the same role.

January 23, 2021

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December 22, 2019

Does Lucid Software offer a yearly bonus?

Pros

People at Lucid are great to work with. Benefits are good. Upper Management is very impressive. Great products. Annual retreat!

Cons

Strictly coming from someone in sales, Lucid doesn’t show great appreciation for sales. Pay is well under market value. Product teams don’t actually listen to what sales needs. Marketing efforts are subpar. Lucid is very frugal with their spending, but with that said, when they do spend money, it seems like a huge waste most of the time. The company parties are boring, the swag they give employees is useless. They give our customers way better swag than us. I know that sounds picky, but sometimes it’s nice to get something out of the ordinary from the company to show appreciation. I’ve been at Lucid almost two years, and I’ve never once been excited about the swag I’ve gotten. When you make and give out swag that no one uses, it’s seen as a huge waste. When you have a holiday party at a subpar venue with no music or anything entertaining, it seems like a huge waste. When you have an SKO at an event hall and give out a t shirt to all of sales, it makes us feel under appreciated. Come on... you can do much better.. I come to Glassdoor to share this because I know I have no where of expressing these feelings to management, nor do I think they would care. I like Lucid because of the people, I’m a top performer on my team. Once the people on my team leave or I get a better offer somewhere else, my ears will be open.

Advice to Management

Send out a survey every now and then to ask us how we really feel about things at Lucid. Stop wasting money on terrible swag. I’d rather get nothing than the half hearted stuff we get. Find a way to show that you value your employees.. specifically sales.

Annual retreat!

December 22, 2019

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May 21, 2019

Does Lucid Software offer stock options or a stock purchase plan?

Pros

•Management is awesome! •Great opportunities for growth and promotion •Provide great pay and health benefits •Night and day from other tech companies in the area in regards to personal growth and job satisfaction •Transparent with company sales figures and projections

Cons

Explore more options for Monday Catering

Advice to Management

Keep providing internal training and development, and continue to hire and promote internally

•Explore more options for Monday Catering

May 21, 2019

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December 12, 2019

What are pay increases like at Lucid Software?

Pros

I began at Lucid when it was a small(ish) startup. While I was extremely underpaid and overworked, I loved it. It was a place where opportunity was everywhere. You created your career at Lucid, and they gave you the runway to be independent and grab whatever you wanted - if you wanted it. I attribute my career trajectory to Lucid and its unique environment it created in its earlier times, and am grateful for the opportunity it provided me. I loved my early times at Lucid, but as time continued to move forward, I found Lucid’s commitment to great leadership, autonomy, startup mentality, and diplomacy to be waining. Lucid is a well-run business. Leadership is fiscally responsible and runs the company well from that perspective. I believe Lucid will continue to grow, will be poised for a great exit at some point, and be one of the great tech companies to come out of Utah. While the cons I list below are straightforward, I still believe Lucid is a good place and can be a good place for someone in their career. I also don’t believe these challenges are particularly unique to Lucid, but call them out specifically because Lucid so heavily claims they are exceptions to the typical baggage that comes along with successful tech companies. In 2016, I would have given Lucid five stars. But I have found much of those original core components of trust and culture to have diminished over time.

Cons

-Most of my comments below can be attributed to a single phenomenon: as Lucid has continued to grow and scale, it’s been unable to scale the culture, community, and opportunity it claims is crucial to its core. - While there are Forbes articles highlighting the immense amount of trust and autonomy Lucid grants its employees, I believe that is no longer the case. Working from home is passive-aggressively discouraged and face time is a key component to being valued at Lucid. - A culture of passive-aggression reigns at Lucid due to Utah culture running deep. You will not be corrected, critiqued, nor offered direct feedback. You may be praised, and believe you are doing great. But you may find your annual performance reviews coming in low, promotions being postponed, and pay raises refused all whilst being told you’re doing a great job. It can be immensely confusing and frustrating. - Lucid is no longer the hungry, tenacious, agile culture and company it once was. When I began, you were encouraged to grab hold of anything that needed to be done, run with it, and move quickly. It was chaotic, but there was room for growth everywhere. That has changed. It has become political, more bureaucratic, slower, and overly concerned with things that make work less enjoyable and meaningful. - You will, most likely, be underpaid at Lucid. If you start at Lucid being underpaid, you will most likely be unable to change your situation unless you find another offer to leverage. This perpetuates because the claim of great culture is used as justification for low salary. I watched countless colleagues (and myself) be denied for deserved promotions and pay raises to get paid market fairness. However, if you find a competing offer, Lucid will be quick to suddenly counter - but only if you threaten to leave. While Lucid prides itself in hiring the smartest people, their definition of so is limited in scope, narrow, and sometimes ignorant. Their definition of intelligent and capable is limited to top business schools who often think and operate the same, which is why they continue to ask candidates for their GPAs, even after being out of school for over 15 years. - Lucid claims it’s crowning achievement is its culture, and that you won’t find that anywhere else. Many employees are underpaid, unhappy, and under-supported, but have come to believe that they won’t find a great culture or environment anywhere else. I found that to be false, and have found its culture to have (negatively) changed heavily over the years I was there. - Management continually does not listen nor care when people are unhappy. Management (especially middle management) is not concerned about growth opportunities for those who report to them, not concerned in even hearing why employees may be struggling at Lucid, and refused to acknowledge or validate those. Eventually, I felt I needed to leave Lucid to continue learning or growing.

Advice to Management

- Recommit to your company values, and keep that commitment. - Speak openly and honestly. If people are underperforming, tell them how they can change it and what is expected. If there is no path for growth, tell them and help them find their next opportunity. If someone is disliked or out of line, correct them and help them grow. - If you want to keep top talent, pay top talent what top talent is paid instead of increasingly make them fight for it all whilst making them feel they are entitled.

But you may find your annual performance reviews coming in low, promotions being postponed, and pay raises refused all whilst being told you’re doing a great job.

December 12, 2019

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5 English questions out of 5