What is fair compensation at a start-up?
March 24, 2012 7:40 AM Subscribe
I'm a medical student, taking a year off before residency. During the year, I'm going to be working for a new start up that creates medical apps. I will be creating content for their apps and working on their social media strategy. Does anyone have any ideas about how I can determine what I should be paid, and/or how to negotiate it?
posted by anonymous to work & money (3 answers total) 1 user marked this as a favorite
I'm a late stage medical student, taking a year off before residency. During the year, I'm going to be working for a new start up that creates medical apps. I will be creating content for their apps, and have questions about how to determine a fair wage.
One twist: I've been asked to work on their social media strategy, and start tweeting under their company account, before my actual start date. I have some experience doing this.
So, here are my questions:
1. How can I determine what a reasonable compensation package would be? I'll be working part time, about 20 hours per week. Should I focus just on an hourly salary? They've actually talked about stock benefits, but I'm not sure how to assess the value of that possible benefit.
2. How should I be compensated for developing their social media and developing new contributors? Should I ask to be paid hourly, or by project, or by a particular outcome?
3. Are there any online resources - salary websites, job boards that would list positions like this, so I can quote a fair range?
I'm in the bay area/Silicon Valley, if it's relevant.
Any advice or resources would be greatly appreciated! Thanks hivemind.