How much should I pay my employees?

In the early, pre-funded days of a startup, founders often do all the work without explicit compensation. Once they raise some funding, and need to bring on new team members, they will need to figure out how to pay them. 
There are two parts to a compensation package: Cash and stock (usually in the form of stock options) Generally, it is a good idea to figure out what is the fair market value for an employee and try to pay them market rates.
Stock options are confusing for founders and employees, especially those new to the startup space. Joshua Reeves, the CEO of Gusto the payroll company, has put together a fantastic guide to equity for employees. This is also useful for founders who are thinking through their option plan.
Here are some benchmarks for cash and equity compensation for your reference.
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