The Ottawa headquarters of Canadian e-commerce company Shopify are pictured on Wednesday, May 29, 2019. Shopify Inc. says it is revamping its staffing and compensation model. THE CANADIAN PRESS/Justin Tang
March 01, 2023 - 10:02 AM
OTTAWA - Shopify Inc. is revamping its staffing and compensation model.
The Ottawa-based e-commerce company says staff will now be split into two career tracks: managers and crafters.
Compensation levels will be equivalent regardless of whether someone chooses to be a manager or a crafter.
Shopify says the model will reward people for the impact they make on the company regardless of whether they are a manager or not.
It adds the model bucks trends that saw companies only succeed at incentivizing and rewarding managers because crafters will now have just as rich a career progression.
Shopify's moves come after it began giving staff a “total rewards wallet” last year that allows them to choose between cash and stock options for their compensation.
This report by The Canadian Press was first published March 1, 2023.
Companies in this story: (TSX:SHOP)
News from © The Canadian Press, 2023