Home » HR practices » Comp and Ben @en » Shopify to let staff decide the breakdown of their remuneration Shopify to let staff decide the breakdown of their remuneration Canadian e-commerce firm Shopify, which has seen its share price plummet 75% in the space of a year, has decided to adjust its remuneration system. The company's workforce, which stands at 10,000 employees worldwide, will be able to choose how their pay is split between cash and shares. Shopify's management hopes to restore commitment and motivation among its staff, after announcing on 26 July that it was laying off 10% of its workforce. Through . Published on 23 September 2022 Ă 10h30 - Update on 23 September 2022 Ă 10h30 Resources Shopify’s management will no longer determine the breakdown of employees’ pay packets between cash and equity. Instead, staff will be free to choose how they want to be paid. Under the new system, dubbed “Flex Comp”, employees will be able to choose “exactly how they want to allocate their total reward”,… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialitĂ©.CommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels