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 & you have to be savvy about the non-cash components of a comp package, liketitle, equity, stock options, commission, profit sharing, benefits, etc.
Comp is important beyond simply being competitive in the job marketplace. Comp is an incentives contract & how you structure comp should be reflective your expectations of employees. If you're not an HR expert, how do you structure comp to drive the outcomes both you & each employee are aiming for?
Comp can also be a cultural bellweather for a company. How do you ensure that your comp packages have parity across gender & 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 & answer questions like
What do you offer new hires across different roles & experience?
What are compensation strategies to consider when I'm resource constrained & have to compete with larger orgs?
How to balance cash, equity, & benefits?
How do you handle counter-offers & negotiations?
About the panelists
Michael Rangel, Founder & CEO of Bank Novo -Michael is the Co-founder & CEO of Novo, a no-fee digital banking platform focused on providing easy-to-use banking products to startups, entrepreneurs, & freelancers. Michael completed his undergraduate studies at the University of Miami Business School in 2009 & 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 & operations team responsible for managing over $20 Billion at its height. Despite their AUM, Fairholme was a small team of only 20 employees & 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 & 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 & oversaw the recruitment of top executives including the Chief Technology Officer, Chief Marketing Officer & Chief Revenue Officer, drawn from leading companies such as Amazon, Microsoft, Facebook, Spotify, Google & 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 & 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 & 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 & 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 & all things people operations. Before joining Jetty, Erin was Chief People Officer at Quartet Health, where she rebuilt the HR & 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 & Monticello, New York. Erin graduated from Hartwick College with a degree in psychology & anthropology.
6:30 - 6:50: Networking6:50 - 7:50: Panel7:50 - 8:15: Audience Q&A8:15 - 9:00: Networking
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Novo is the business banking platform built for entrepreneurs by entrepreneurs. Since launching in September of 2018, thousands of freelancers, startup founders, & small business owners alike have opened an online business checking account in just 15 minutes. An award-winning, mobile-first banking platform with no minimum balance requirements or hidden fees, Novo offers a sleek & intuitive interface as well as revolutionary integrations with today's leading business tools .
Apply through Stacklist today to earn $20,000 in Stripe credits & get all overdraft & third party ATM fees waived for life. Email firstname.lastname@example.org to learn more.
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