CategoryTools

I think that people fail to think about compensation broadly enough. This tweet is typical: Important clarifying question to ask when a startup says they’re profitable- is the team being paid a market rate salary?— Bryce Roberts (@bryce) January 28, 2020 Compensation isn’t salary. It isn’t even salary + incentive comp + equity + benefits. Compensation is all of those things +...

One of the best things about startups is zero bureaucracy. That said, there are a few lightweight structures that add massive value when implemented early. At the top of that list are setting a company cadence–which I’ll write about in another post soon–and establishing compensation levels and bands. Banding is the practice of setting standard ranges for salaries, bonuses, and equity by...