Summary: Matt Schulman (@Matthewschulman), founder and CEO of Pave, joins Erik to discuss:<br><br>- Why your company needs a compensation philosophy.<br><br>- How COVID and The Great Resignation have wreaked havoc on employee compensation.<br><br>- The fact that employee churn is up 2X over last year and software engineering salaries have increased by 20%.<br><br>- Competing philosophies on remote employees: “cost of labor” which pays employees based on where they live and “free market” which pays employees the same regardless, and why the “free market” philosophy is gaining ground.<br><br>- Why consistency is key when it comes to granting equity to candidates. <br><br>Get access to Pave's benchmarking data for free: <a href="https://www.pave.com/benchmarking/village-global-venture-stories" rel="noopener">https://www.pave.com/benchmarking/village-global-venture-stories</a><br><br>Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. <br><br>Check us out on the web at <a href="http://www.villageglobal.vc" rel="noopener">www.villageglobal.vc</a> or get in touch with us on Twitter @villageglobal.<br><br>Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. <a href="http://www.villageglobal.vc/signup" rel="noopener">www.villageglobal.vc/signup</a>
