Instead of having single salary structure, we started offering multiple options to our new employees,
- Pure stock option => X number of company shares.
- Stock option (Major portion) + Cash amount (Minor portion) => X number of company shares + Y amount of cash.
- Cash amount (Major portion) + Stock option (Minor portion) => Y amount of cash + X number of company shares.
- Pure cash amount => Y amount of cash.
We also allowed him to switch to other option within three month from the joining date.
2 comments:
What's the response? How many people have taken what option? How does that break out within senior folks and junior folks?
Currently we are handful of people at our startup. Will share more on this as we grow.
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