What's inside:
Overview
Getting compensation right
Retaining employees
Preventing productivity loss
Establishing a fair system
5 compensation models
Resources we love
Takeaways & next steps
What Every Startup Should Know About Compensation
Matt Hoffman
As a partner and head of talent, Matt coaches our founders on hiring the best talent and building healthy and high-performing cultures. He leads several of our future of work investments. Matt previously built and led the People functions at DigitalOcean and Return Path (#1 Best Place to Work in NYC and #2 in the US, respectively).
Tania Luna
Tania is the co-CEO of LifeLabs Learning. She is also a psychology researcher, leadership trainer, and co-author of the book, “The Leader Lab: Core Skills to Become a Great Manager Faster.”
Does compensation even matter?
The topic of compensation is one of the most discussed aspects of the employee lifecycle—it gets attention from both employees and managers and is often the largest expense for any company.
Yet ironically the research is clear that rarely, if ever, do we see it act as a driver of employee engagement, retention, or performance. And increasingly, we hear that compensation matters less for employees than factors like learning, flexibility, company culture, and the ability to make a meaningful impact in the organization and for its customers.
Why then do most companies spend so much of their resources on this one very expensive area of People Systems?
In order to fully understand compensation and build an actionable compensation plan for your company, we will guide you through:
1
Getting compensation right
2
Retaining employees
3
Preventing productivity loss
4
Establishing a fair system
5
5 compensation models
6
Resources we love
7
Takeaways & next steps
M13
What's inside:
Overview
Getting compensation right
Retaining employees
Preventing productivity loss
Establishing a fair system
5 compensation models
Resources we love
Takeaways & next steps
Does compensation even matter?
The topic of compensation is one of the most discussed aspects of the employee lifecycle—it gets attention from both employees and managers and is often the largest expense for any company.
Yet ironically the research is clear that rarely, if ever, do we see it act as a driver of employee engagement, retention, or performance. And increasingly, we hear that compensation matters less for employees than factors like learning, flexibility, company culture, and the ability to make a meaningful impact in the organization and for its customers.
Why then do most companies spend so much of their resources on this one very expensive area of People Systems?
In order to fully understand compensation and build an actionable compensation plan for your company, we will guide you through:
1
Getting compensation right
2
Retaining employees
3
Preventing productivity loss
4
Establishing a fair system
5
5 compensation models
6
Resources we love
7
Takeaways & next steps
