7 Compensation Strategies for Cash-Strapped Startups

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Executive Summary

When you’re a young company, it can be tough to recruit top talent without breaking the bank. And yet you need exceptional (read: expensive) talent in order to build from scratch. There are several strategies you can use when you can’t match market salaries: (1) Offer bonuses for meeting clearly articulated goals. (2) Cover expenses like parking, metro passes, gym memberships, and hardware before taxes. (3) Cushion or reduce your risk with a signing bonus or quarterly retention bonuses. (4) Pitch a prospective hire on the training and professional…

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