“To create agency, quarterly, our employees have options around selecting equity and cash with a slider that they can adjust for themselves,” says Tia Silas, chief human resources officer at the E-commerce giant. “We want our employees to have the ability to center their life around great work and a great mission.”
Shopify is also rethinking how to recognize leadership, including creating “a career system where they can continue to progress to senior ranks in the organization without having to lead people,” Silas says.
“Our high performers come in many shapes and sizes, and we wanted to create a career system where they could progress,” she adds. “And that needed to not only be in theory–I had to then create a compensation system that proved that was true. Are you going to pay me the same amount you’re paying the VP with a sizable team? The answer is yes; we will if you can demonstrate value and growth. We call it our jungle gym career journey.”
At the start of the year, Shopify made news by informing its employees that it wanted them to greatly cut down on the number of workday meetings.