a16z Podcast a16z Podcast: All Things Compensation
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Jun 21, 2018 
Steve Cadigan, a talent advisor and co-founder of ISDI Digital University, Greg Loehmann, a principal at Compensia, and Thanh Nguyen, Executive Director at Connery Consulting, dive into the intricate world of compensation strategies. They discuss how startups can attract top talent by balancing innovative compensation with affordability. Key topics include the trade-offs between RSUs and stock options, the importance of aligning compensation with company culture, and navigating the complexities of pay equity and employee retention.
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Starting a Compensation Strategy
- Define a compensation strategy by first considering affordability and market data.
- Assess your current internal data and compare it against competitors to understand compensation gaps.
Peer Groups
- Define your peer groups to benchmark against, considering factors like company size, stage, and industry.
- This helps in setting appropriate compensation levels and understanding the competitive landscape.
Leveling and Data
- Establish a clear level structure and band employees to understand market value for each role.
- Gather data on market rates through surveys and comparisons to similar companies.