How do you compensate early employees? For early-stage startups, even well-funded startups, it can be intimidating to arrive at the right comp. You want to hire the best people, but
How do you compensate early employees? For early-stage startups, even well-funded startups, it can be intimidating to arrive at the right comp. You want to hire the best people, but you’re resource-constrained and you have to be savvy about the non-cash components of a comp package, like title, equity, stock options, commission, profit sharing, benefits, etc.
Comp is important beyond simply being competitive in the job marketplace. Comp is an incentive contract and how you structure comp should be reflective of your expectations of employees. If you’re not an HR expert, how do you structure comp to drive the outcomes both you and each employee are aiming for?
Comp can also be a cultural bellwether for a company. How do you ensure that your comp packages have parity across gender and race? How do you monitor that? And how do you find out if you might be falling short?
Join us as we discuss all this and answer questions like
- What do you offer new hires across different roles and experience?
- What are compensation strategies to consider when I’m resource-constrained and have to compete with larger organizations?
- How to balance cash, equity, and benefits?
- How do you handle counter-offers and negotiations?
About the panelists
- Michael Rangel, Founder & CEO of Bank Novo – Michael is the Co-founder and CEO of Novo, a no-fee digital banking platform focused on providing easy-to-use banking products to startups, entrepreneurs, and freelancers. Michael completed his undergraduate studies at the University of Miami Business School in 2009 and chose to pursue launching Novo over an MBA at Columbia Business School. He’s been working in finance since the age of 19, when he became one of the youngest individuals in history to attain his Series 7 certification while working at Smith Barney (now a part of Morgan Stanley Wealth Management). He later joined Fairholme Capital Management in 2008, where he led the trading and operations team responsible for managing over $20 Billion at its height. Despite their AUM, Fairholme was a small team of only 20 employees and gave Michael his first exposure to the reality of operating as a small business. Witnessing the shortcomings of small business banking, he set out to empower customers with their financial data and provide the most compelling banking experience possible.
- Madan Nagaldinne, Chief People Officer at Blink Health – Nagaldinne joins Blink Health from Compass where he served as Chief People Officer. In that role, Nagaldinne grew the company’s workforce from 200 employees to more than 2,000 and oversaw the recruitment of top executives including the Chief Technology Officer, Chief Marketing Officer and Chief Revenue Officer, drawn from leading companies such as Amazon, Microsoft, Facebook, Spotify, Google and more. Prior to his tenure at Compass, Nagaldinne spent over twenty years developing workforces at some of the most notable companies in the world, including Facebook and Amazon. At Facebook, Nagaldinne held several roles, including head of human resources for the Asia-Pacific region, head of HR for the company’s global sales organization and head of HR for Facebook New York. At Amazon, Nagaldinne is credited with leading a 100+ person HR team that helped increase the e-commerce giant’s footprint from 200 employees to more than 5,000 across Asia. Prior to Amazon, Madan spent a decade in the Bay Area in senior HR leadership roles in the semiconductor and technology companies.
- Erin Dertouzos, VP, People at Jetty – Erin is the VP, People at Jetty, a new financial services company for renters, where she oversees functions including recruiting, facilities and all things people operations. Before joining Jetty, Erin was Chief People Officer at Quartet Health, where she rebuilt the HR and Recruitment teams. Prior, Erin spent10 years at Meetup, during which employee headcount grew from 45 people to almost 200. Outside of Jetty, she spends time with her husband split between Brooklyn and Monticello, New York. Erin graduated from Hartwick College with a degree in psychology and anthropology.
6:30 – 6:50: Networking
6:50 – 7:50: Panel
7:50 – 8:15: Audience Q&A
8:15 – 9:00: Networking
(Thursday) 6:30 pm - 9:00 pm EDT
11 Times Square