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#136 COO Modern Treasury, Rachel Pike: Golden Ticket
Grit
The Importance of Performance Reviews
At one of my previous companies that will remain unnamed, we did not have a rigorous data driven comp process. And what had happened, not on my team, but at an adjacent team where I was mentoring a couple of young women who were close friends to each other and they ended up being paid like 40% different for very similar jobs. So when we started, we became data driven about our club really early on. We review everyone in the company against all the data in the market and make sure we're paying people fairly. You need to use compensation as a tool for performance management.
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