Tara Weiss
speaker
91 appearances
2 recordings
1 series
first heard Jan 2023
last heard Apr 2023
Tara Weiss’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Companies Boost Days Off to Help Employees Manage Stress · 20 Apr 2023
podcast
But there's no question that COVID had an impact on the workplace and that
The walls between work life and home, they really came tumbling down during the height of the pandemic when so many of us had to work from our apartments and our houses.
And we saw a more human side of our managers, of our coworkers, and that in some sense is a direct reflection of that.
There's a growing body of evidence that shows that people who are suffering from burnout, anxiety, they're going to quit at higher rates.
They're not going to be completely engaged with work.
There was a pretty significant Gallup study that came out some months ago that talked about worker disengagement is at its highest levels ever.
And so if employers want to get their best work out of people, they're going to have to understand that mental health impacts the way that you work on a daily basis.
So companies aren't putting these in job advertisements, but by the time that you get to a job offer, this is going to be discussed in the benefits packages.
And by the time you get to that point, especially if an employee is deciding between this job and another job, it's absolutely going to be something that they share with their prospective employees.
The concept is we're going to allow the employees or the prospective employees to decide what's most important to them when it comes to compensation.
Do I need that money right up front or am I willing to maybe take a greater chance and have a bigger windfall a little bit down the road?
Of course, I'm happy to be here.
Instead of receiving an offer of say $100,000, what happens is a new employee would be offered the opportunity to pick the amount of cash they want versus the amount of equity they want.
So at one company I spoke to, it was typically 70% would be in cash as a base salary and then 30% in equity.
And then it would flip for an offer of say 58% in salary and 42% in equity.
It depends on where people are in their life.
If somebody is an established employee, maybe they've worked for a startup before and they had a nice infusion of cash from that startup, they really believe in this new company's mission, they might be willing to take that risk of having less base compensation and higher equity.
Because in the long run, the payout could be even greater.
But say, like someone I spoke to for this story who was having a wedding coming up that he needed to pay for, he wanted to get more cash than equity simply because he needed the money more immediately.
I think it's a few things.
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