Inside Shopify's pay crisis: How a falling stock price, employee uproar, and the Great Resignation forced the company to overhaul its compensation
This story is available exclusively to Insider subscribers.Shopify has found itself in a challenging position when it comes to employee compensation.Shopify is one of many tech companies fighting to retain workers in a hot market.Stock-heavy compensation and an emphasis on the priceless experience of working with revered tech talent like the company's founder and CEO, Tobi Lütke, were typically part of Shopify's compensation package.
Inside the company, executives are attempting to calm nervous employees sounding off about what some believe is a talent exodus.Shopify representatives did not return Insider's request for comment for this article., employees across departments will get a raise along with the ability to determine how much of their total compensation comes in cash and how much is stock..
Shopify had set an ambitious goal to hire for 2,021 technical roles in 2021. It's unclear whether it hit that goal.
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