I am hiring my first employee (a developer) for my startup and I am planning out the benefits. So far I’ve figured out the health insurance aspect. As a self-funded entity, I can’t afford much (about $60-72k for a frontend engineer — I’m a backend / cloud engineer), so I want to offer other meaningful benefits to compensate.
I am wondering what kind of benefits to offer. I thought about stock options to give, if that’s a good idea. I want to build a great team eventually and I want them to feel that they truly belong here. How many shares / percent should I give? What would the vesting schedule look like?
I also thought about PTO, 401k, continued education etc but I don’t know if I can afford all of this. I can probably offer 2 weeks of PTO, but not sure about the others.
What other benefits should I give my first employee / team member, under the constraint of a limited budget, as I want to build a nurturing, growth-oriented environment but I’m limited right now in what I can offer? Apart from a great vision, what would make you want to work at a startup?