How to Structure Compensation Packages for Startups?
Equity Compensation: Given the limited cash flow in startups, offering equity can be a compelling component of the compensation package. This not only saves cash but also aligns employee interests with the long-term success of the company. Performance-Based Bonuses: Tying bonuses to specific milestones or performance metrics can drive employees to achieve key business objectives. Flexible Benefits: Offering flexible benefits that can be tailored to individual employee needs can make your package more attractive.