“It's not about being equal. It's about being consistent.”
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More from Shannon Schiltz
Insight
Chiltz: Compensation is rarely the true reason employees leave or decline offers
“It's really easy to say when you're leaving a company, you're leaving because of comp, and that's a tip we all know. We're HR professionals. That's not the reason people leave companies, and two, we're really quick at saying they got a better offer from anothe…”
Shannon SchiltzJan 2, 2019▶ 14:55a16z Podcast | All Things Compensation
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Schiltz: Using company-wide layoffs to fire underperformers is terrible HR practice
“And I would say from the HR standpoint, I hope that companies don't do it that way. That's probably the worst way. That's one of the worst reasons you could do a layoff.”
Schultz: Attrition data shows employees rarely leave companies solely over compensation
“But if you also look at attrition data, people don't leave a company because of comp. People leave a company for many other reasons. They'll use the, they're gonna make more at their next company, but it is usually, there's a different, if you actually scratch…”
Shannon SchiltzJan 2, 2019▶ 14:33a16z Podcast | Compensation Isn’t About Paying the Most, It’s About Being Consistent
Insight
Schiltz: Early compensation structures build healthy companies through consistency, not fairness
“The earlier you think about putting a compensation structure in place, the stronger and healthier your company is, because you have consistency. Not fairness, consistency.”
Shannon SchiltzSep 21, 2023▶ 3:43The Truth Behind Salary Transparency
Insight
Schiltz: Companies must prepare managers for difficult internal pay conversations
“You have to be ready to have those conversations and get your managers ready to have a conversation on why actually this is a level above you and you can progress into it. But that's not where you're at right now. And that's a hard conversation.”
Shannon SchiltzSep 21, 2023▶ 7:39The Truth Behind Salary Transparency
Insight
Schiltz: The top 10% of employees are critical single points of failure
“There is a top 10% of your organization that isn't just the best performer, but they're critical. And what I mean by critical is if they left tomorrow, Something stops working.”
Shannon SchiltzSep 21, 2023▶ 9:45The Truth Behind Salary Transparency
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