s a Startup HR
person you are
probably struggling with compensation questions like:
- What do you offer to a new hire, particularly a senior leadership role? What if they ask for more?
- What do you do about one-off salary or equity increase requests?
- What do you do about high performing recent graduates?
- How and when should you offer increases or promotions?
- Should you counter offer if one of your employees gets a higher offer?
There is a simple, scalable, transparent compensation system that will work for almost all startups. Here are some golden rules for compensation and a system that strikes the fine balance between a startup’s needs and keeping employees happy.
Best StartUP Compensation Strategies
StartUP
A
People frequently find compensation and performance management overwhelming or bureaucratic, but at this point, a system that is relatively simple, clearly communicated, and fair makes a huge difference.
Working in a startup is a chance to start from the beginning and say to everyone, ‘Okay, here is how salary works. Here is how equity works. Here’s how bonuses are calculated." - but where should you start?
09
COMPENSATION