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Originally Posted by towny
It's great that you're considering these things before you even get started with having a business with employees. However, I have a (very) little experience in this area and I know that employees where I work would always choose higher wages above perks. So whatever you choose to offer, make sure you're not spending money on it that you could be putting in their wage packets instead.
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Well, I am very much against wages. I firmly believe in performance-based salaries. No overtime either, unless you're a drone, which I doubt I'll need. You get the job done, and I'll pay you. You do a really good job, you get a bonus. (That is assuming I don't enter the manufacturing industry, which is a little different. I'm sticking to IT for now.)
I do realize money is important, which is why I'd have an "in lieu of benefits" option. You can redeem the remaining points in cash if would rather have it that way.
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As for paid holidays - that's an odd one. Presumably this is not an employment right in the US or Canada (where are you planning to live once you graduate?). Over here, it's your legal right to get 20 days paid leave a year, although some employers can sort-of get round this if they jump through enough hoops.
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That greatly depends on the province/state that the employment is in. In Ontario, it is 14 days after one year of employment. (20 is a lot...) I don't plan on remaining in Ontario due to the taxes and all the crap laws (like that one). Will probably move to Texas or Oklahoma.