Rent the Runway Claimed Company

Rent the Runway is transforming the way modern women get dressed and disrupting the $2.4 trillion fashion industry by pioneering dynamic ownership and enabling women to rent, subscribe to and purchase secondhand clothing. Founded in 2009 with a vision to build the world’s first living closet, RTR believes that women everywhere will soon have a subscription to fashion. By creating a new model of dynamic ownership rooted in sustainability, RTR has made apparel rental an indispensable utility while also powering women to feel their best every day. RTR offers apparel, accessories and home decor from over 700 designer partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. Under CEO and Co-Founder Jennifer Hyman’s leadership, Rent the Runway has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list multiple times. read more

EMPLOYEE PARTICIPANTS: 72

TOTAL RATINGS: 667

CEO: Jennifer Hyman

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Joining Rent the Runway - Employee Onboarding

Employee Sentiment

100% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.

Answer	Percent
Yes	0%
No	0%

Did you have a positive onboarding experience when you were hired at your current company?

Answer	Percent
Very Prepared	0%
Prepared	0%
Somewhat Prepared	0%
Unprepared	0%
Very Unprepared	0%

How prepared was your company on your first day of onboarding?

Answer	Percent
Yes	100%
No	0%

Was your direct manager helpful with your onboarding during your first 90 days?

Meet Your Managers

Your direct manager highly affects your experience at a company; overall managers at Rent the Runway are rated a D-. At Rent the Runway most employees said they received feedback once a month or never. 67% of employees also said they felt comfortable giving their managers feedback. Learn More about your managers at Rent the Runway.

Answer	Percent
Every week	0%
Once a month	43%
Once a quarter	28%
Once a year	0%
Never	29%

How often do you get valuable feedback on how to improve at work?

Answer	Percent
Yes	0%
No	0%

Does your boss expect you to work when you're on vacation?

Answer	Percent
Yes	67%
No	33%

Do you feel comfortable giving your boss negative feedback?

Negotiate Salary

If you think you and your skill set should be valued higher than your offer, negotiate your salary! 51% of men and 42% of women on Comparably said they negotiated their salaries. On average, Rent the Runway employees earn $110,707. Rent the Runway ranks in the Bottom 10% for compensation in New York. Learn More about Salaries at Rent the Runway.

Average Salaries at Rent the Runway by Department

$134k*

Engineering

$150k*

Product

$78k*

Design

$95k*

Marketing

$99k*

Operations

$63k*

Admin

$88k*

Business Dev

$89k*

Finance

$107k*

Customer Support

$113k*

$91k*

$218k*

Legal

$156k*

Sales

^* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.

Get Acclimated

Now that you’ve joined Rent the Runway, get acclimated. Is lunch a social time or do people sit at their desks? At Rent the Runway the most common answer selected by employees is a >1 hour break. Understand your coworkers and why they’ve chosen to stay at Rent the Runway, many employees say it’s because of the company mission.

Answer	Percent
Company Mission	100%
Comp & Benefits	0%
Co-Workers	0%
Comfort & Familiarity	0%
Career Advancement Opportunities	0%

What's the main reason you stay at your current company?

Answer	Percent
>1 hour	50%
1 hour	50%
45 minutes	0%
30 minutes	0%
I eat at my desk	0%

How long do you take for lunch breaks?

Answer	Percent
Multiple times a week	33%
Once a week	0%
Once a month	67%
Once a quarter	0%
Never	0%

How often do you socialize with team members outside of work?

Professional Development

Rent the Runway ranks in the Bottom 20% of companies for professional development in New York. 33% of employees said they had a mentor at the office. Learn More about Professional Development at Rent the Runway.

Answer	Percent
Yes	33%
No	67%

Do you have a mentor at work?

Answer	Percent
Yes	0%
No	0%

Does your current company provide you meaningful opportunities for career advancement?

Company Onboarding at Similar Size Companies on Comparably

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