Matt Schulman (@Matthewschulman), founder and CEO of Pave, joins Erik to discuss:- Why your company needs a compensation philosophy.- How COVID and The Great Resignation have wreaked havoc on employee compensation.- The fact that employee churn is up 2X over last year and software engineering salaries have increased by 20%.- Competing philosophies on remote employees: “cost of labor” which pays employees based on where they live and “free market” which pays employees the same regardless, and why the “free market” philosophy is gaining ground.- Why consistency is key when it comes to granting equity to candidates. Get access to Pave's benchmarking data for free: https://www.pave.com/benchmarking/village-global-venture-storiesThanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. www.villageglobal.vc/signup