About Pay
A Unique Compensation Model
Jan 19, 2023
CEO Jessica Schaefer discusses Bevel PR's unique compensation model, including negotiating pay based on performance and revenue growth. They also explore the inclusion of equity in contracts, the challenges of explaining the model to employees, and the benefits of diversified revenue streams.
25:10
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Quick takeaways
- Bevel PR's unique compensation model combines cash and equity, allowing employees to participate in the upside of the companies they contribute to.
- Bevel PR offers performance-based bonuses tied to key performance indicators and a system for payment based on client retention percentages, incentivizing proactive work and fostering client relationships.
Deep dives
Unique compensation model of Bevel
Bevel, a strategic communications consultancy, has implemented a unique compensation model that combines cash and equity for its employees. This model involves taking equity in the companies they work with, along with a cash-equity split. Bevel employees who work on specific brands have access to shares and can build a diversified portfolio. This compensation model aligns incentives and allows employees to participate in the upside of the companies they contribute to.
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