Sometimes, but the norm is to do 70%. This is mostly done on a case by case basis, but salient factors to me include:
Does the person need the money? (what cost of living place are they living in, do they have a family, etc)
What is the industry counterfactual? If someone would make 300k, we likely wouldn’t pay them 70%, while if their counterfactual was 50k, it feels more reasonable to pay them 100% (or even more).
Sometimes, but the norm is to do 70%. This is mostly done on a case by case basis, but salient factors to me include:
Does the person need the money? (what cost of living place are they living in, do they have a family, etc)
What is the industry counterfactual? If someone would make 300k, we likely wouldn’t pay them 70%, while if their counterfactual was 50k, it feels more reasonable to pay them 100% (or even more).
How good is the research?
Quite informative, thanks!