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I would ask two questions: • “What is the current market rate for a Chief Technical Officer (CTO) for a company of this size, in this industry, in this particu
by jt2190 4y ago
I would ask two questions:
• “What is the current market rate for a Chief Technical Officer (CTO) for a company of this size, in this industry, in this particular market?”
• “Can a company of this size, in this industry, in this market exist profitably without a discounted CTO?”
The first question you answer by doing a job search, and collecting samples of total compensation from other companies for comparison with what you’re getting now.
The second question is a bit of a jab on my part, but also worth thinking about: Why should a company exist if it can not generate enough revenue to pay its employees a competitive compensation package? Should employees extend a subsidy to the business through a wage discount? What to they get in exchange for the discount? (Edit: e.g. a stake of the upside via shares.)