For Startups, equity options are an approach to stay competitive when it’s not affordable to pay candidates higher salaries. Acquiring premier talent and retaining them has been a challenge for a few years. The option to receive equity within the company can be beneficial to both parties.
Any executive’s who choose to receive equity will have the potential for a huge payout with options if the firm has success in the initial public offering. But with competitive salaries, you have more security and know exactly what you’re getting for the work you put in.
As for the job market now, candidates are leading the way. Highly talented candidate’s are in demand and their preferences have to be taken as a priority to attract them. The conversations have been what is the better deal? A more generous salary, or taking a chance and securing equity as part of their compensation plan.
Are you searching for a role in the HealthTech, or on the looking for a talented professional who can take your start-up to the next level. Storm3 has an extensive database of candidates and clients and are here to advise you on compensation packages, as well as to help you grow your team. Get in touch with one of our expert consultants today.
