Northwestern Ontario Innovation Centre

HR Workbook: Compensation

This Compensation workbook will help you to build on the backbone of your HR management plan developed in the previous Building an A-Team workbook. It will guide you in designing an effective compensation strategy to attract, retain and motivate winning staff, and to budget effectively for HR expenses. It will address the following questions:

  • What forms of compensation are most effective for a technology start-up?
  • How do I structure my employee stock option plan?
  • What benefits am I legally required to provide and how much will they cost?
  • How do I build a realistic and comprehensive HR budget?

Workbooks are comprised of two parts - the workbook itself which contains instructions, examples and activities, and the planning document in which you can write your responses. You can personalize the planning document by adding your company name and logo.


Download the Workbook

Contains instructions, examples and activities.


Download the Planning Document

Write your responses and keep for your company’s records.

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