Serious question. As equity, does it concern you employing individuals that live paycheck to paycheck? People that would do anything to keep their job first and foremost where improving returns to equity is a very distant priority. I’d view it as a liability, but can’t really ask people to divulge his or her financial status.

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Posting as :
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This is the most confusing question of all time. Congratulations

likefunny

Serious answer: if you’re at a professional services firm in most roles (very junior administrative staff being the exception), and you are living paycheck to paycheck, you’re doing something wrong. So, no. This is not a concern for me at all.

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Agree here for the most part. Obviously there will be exceptions where someone right out of school is having to support aging family, family in another country, children, etc. but in general a 23 year old on ~70k TC or better should be able to save money.

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You’d be shocked. There are definitely a significant % of high paid people that barely have a few months savings. High income and high expenses.

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^^this.

I think OPs question is how do you align your longer term interests with the short term interests of an employee who may make compromises just to stay employed or get a short term bonus. This isn’t just a equity vs not equity question though. There may be differences in goals between a new partner and one just about to retire.

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Fair point - the actual question was pretty unclear.

Am I worried that desperate people will do things that are not in the interests of my firm to keep their jobs? Not really, I guess. If we have a delivery model that is set up well with the right QA embedded and a good organizational culture, this just isn’t such a big concern. Besides, I’m doubtful that people operating in this way will actually outsmart us and do real damage to the firm vs to themselves.

I would think it would be better to have a hungry and motivated workforce than one that can afford to be lazy.

I think there is a balance. Don’t want people so stressed and uncomfortable. Want people to be able to afford luxuries like dry cleaning, take out food, childcare that help create extra time given the hours we work.

No idea what the intent of this question is as it’s mostly a ramble. But I agree with the sentiment most of us should not have a hard time affording our basic necessities.

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