In this episode of the FNDN Series, we delve into startup compensation strategies with guest Jessica Zwaan, a seasoned COO and author of 'Built for People.'
We examine how applying product management principles can revolutionise People operations. Jesse shares insights from practical experiences, emphasising the importance of a market-informed approach to compensation and the dangers of freezing compensation in times of financial strain.
We discuss ways to build compensation models that foster trust and engagement among employees while maintaining flexibility for growth.
Key topics include performance-based pay, building compensation frameworks in dynamic environments, and the relevance of transparency. This episode offers invaluable lessons for HR leaders and startup founders looking to navigate the complexities of compensating their teams effectively.
00:00 Introduction to Startup Compensation
00:44 Guest Introduction: Jesse's Professional Journey
01:28 Applying Product Management to HR
03:31 Compensation as a Strategic Tool
05:23 Challenges and Solutions in Compensation
08:33 Transparency and Trust in Compensation
22:40 Iterating Compensation Practices Over Time
26:57 Exploring Pay for Performance Models
29:12 Challenges and Risks of Variable Compensation
30:55 Ensuring Agility in Compensation Structures
31:40 Discretion and Flexibility in Pay
39:37 Lessons from Past Compensation Rollouts
45:03 Bad Compensation Advice to Avoid
47:36 Final Tips for Startup Compensation
50:23 Conclusion and Farewell
Know more about Jessica!
Visit Jessica Zwaan’s Website
Linkedin: https://www.linkedin.com/in/jessicamayzwaan/
Book: Built For People
http://talentful.com/
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