The world has changed. There are more job openings than talent available. Employees have more leverage than ever in negotiating their compensation. The tables have turned.
I just got a call from a rock star "A Player" employee who wants to leave the company because the company is not compensating this Star employee adequately. This is more and more common.
I hate to see employers surrender great talent because of a simple compensation issue.
Here are 16 ways your company could compensate employees. Some obvious, some not so obvious.
Base salary.
You can raise the employee's base salary.
Hourly Pay.
You can raise the person's hourly rate. Pay by the hour is usually for a 1099, not a W2. The rate is pre-determined by contract.
Flexible work options.
You can offer the employee choice of working on-site, remote or a hybrid. You can offer the employee a 4 day work week.
Stock Options.
You can give the employee more stock options and/or accelerate the vesting schedule. Stock Options usually vest over time but vest immediately in the event of a "change of control".
Stock Grants.
You can give an employee one-time Stock Grants for milestones accomplished. Since the employee will have ...
