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Listen " How to determine what to pay employees "
Episode Synopsis
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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