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Skillshare: Communicating option value to new hires
To determine the target value of the grant, there is a multiplier applied to the salary for every role/level in the company. Here are the multipliers Skillshare uses:
- Exec team/C-level: 2.45
- VP: 1.86
- Director: 0.54
- Specialist/key contributor IC: 0.43
- Sr. Engineer: 0.40
- Engineer: 0.26
- Individual contributor/most staff: 0.23
When they get to the offer stage, they send candidates a slide deck walking them through the offer in plain language. In the deck, the option grant is broken out in detail — both how they got to the number and their estimated value of that grant.
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How to handle refresh grants
There are 3 ways to get additional stock options.
- Biannual refresh.
- Merit grants (If you’re doing a great job)
- Promotions.
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