In the beginning stages of hiring key talent for an early stage company, an engaged founder may spend anywhere from 40-50% of his or her time recruiting key hires. Having a clear philosophy around compensation and rewards is essential to do this effectively. Additionally, you can benefit from access to up-to-date compensation tools and resources to help hire and retain the best talent.
Homebrew has put together some basic guidelines for startups as you think about “all things compensation.” This guide covers base salary, equity, negotiation, thoughts around compensation philosophy and best practices for closing candidates.
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