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