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Aeqium Blog

Whether you're a growing startup or an established employer, check out our tips, guides, and best practices for compensating your team

What Is Total Compensation?

Total compensation or “TC” as it’s colloquially (and somewhat sarcastically) referred to across the tech industry, is a term referring to the sum total of all of the monetary compensation that an employee receives in a given year. In tech company circles, it has become a common term that allows employees at different companies to compare their compensation and determine whether they’re being paid a market rate. 

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Why Is Everyone Paying the Same?

The world’s three most famous consulting firms, Bain & Company, the Boston Consulting Group (BCG), and McKinsey, have recently made a number of compensation market adjustments – their largest in years. What’s going on here? 

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Navigating Compensation in a Downturn

In uncertain macroeconomic environments, there are many important decisions that you and your team need to make regarding comp. Here are a few tips for how to navigate compensation and team building in the event that we’re in for an extended downturn.

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How to Prepare for Pay Transparency Laws

With more and more pay transparency laws coming into effect, compensation and people operations teams need to be prepared for what they need to publish and what the impacts will be for candidates and employees alike. To maximize the opportunity that this creates (and minimize the downside), take the steps below to make sure that you’re prepared. 

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How to Create Compensation Bands

Compensation bands are an integral part of a great compensation program. Compensation bands simplify decision-making, prevent salary compression, and ensure pay equity. They’re an important tool as you level up and ensure that your comp plan is effective. If you don't have bands in place yet, here are some tips on how to get started.

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What’s in a compensation survey? Making the most of all your compensation data

It's easy to establish pay ranges directly from compensation survey data, but that is not a good approach. It's important to make decisions based on all your data, including current employee and offer numbers.

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