Creating A Compensation Plan For Startup Success

As with most things in life, managing compensation issues inside of a startup is all about balance. Whether determining your own salary or recruiting new hires, it’s vitally important to get it right. Compensation is an issue that I’ve struggled with constantly since starting BodeTree nearly five years ago. With each passing milestone there are new variables to consider and business needs that must be met. Over time, I’ve identified three principles that have helped me navigate these issues and make decisions for our team.