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Often does not provide good benefits at new or small companies
Since startups are new in business they must differentiate their offerings to employees in terms of benefits to attract talent from the industry as talent will then only be motivated to join to a certain extent.
The benefits could be ESOPs or profit sharing, giving subsidised house building loans, healthcare facilities, recreation facilities, club memberships, incentive schemes like foreign trips etc on achieving ceratin mile stones or business goals and objectives.
Insurance , pension, medical insurance and some offers transportation and accommodation along with duty meals
There is a long list of benefits offered at startups, few are mentioned below
Flexi Timing
Work from Home
Exclusive lunch, dinner, travel packages
... company revenue sharing etc.
The main arises are the promises made fulfilled by the end of year
The major focus in startups should be on job security as the business model itself is not proven yet, benefits and job security is directly proportional to sustainablity of the business of startups and the obviously financial strength.
Different posistion offers different beneits.
The typicall old approach:-
The New Approach :-
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