How to determine what to pay employees

Episode 3 July 24, 2024 00:37:06
How to determine what to pay employees
Modern Workplace Conversations
How to determine what to pay employees

Jul 24 2024 | 00:37:06

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Show Notes

Welcome to the Modern Workplace Conversations where we explore critical and often under-discussed topics within the professional world.


This week, Princess Edokpayi, COO/Co-founder, Spurt! gives insights into pay structure strategy and best practices in handling employee benefits.

 

Timestamps

0:00 - Intro

02:48 - What does it mean to have a pay structure?

07:46 - Less ideal way to approach pay structure

11:19 - Database for salary industry benchmark

16:42 - Challenges with offering competitive salaries/benefits

21:00 - Startups paying excessively high salaries

25:41 - How to find a balance

28:35 - How job seekers demand competitive pay

33:22 - Trends in pay transparency/equity

 

Background Music: Lifes Journey Begins - idokay on Artlist

 

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