Shopify Inc. said on Friday it has introduced a new compensation system that allows staff more flexibility in restructuring their awards between cash and equity, as the e-commerce major seeks to attract and retain workers.
As many as 91 percent of the eligible employees have already enrolled in the new system, Flex Comp, the company said.
“An employee saving to buy a house can choose to take home more in cash. Someone planning for their children’s future can opt for more RSUs or options,” Shopify Chief Human Resources Officer Tia Silas said in an interview.
The share vesting will begin immediately as one-year cliffs on equity have been removed, Silas added….