Nguyen: High-velocity hiring leads founders to ignore long-term compensation strategy
Tan Nguyen · a16z Podcast | Compensation Isn’t About Paying the Most, It’s About Being Consistent · Jan 2, 2019 · at 0:50
Tan Nguyen, a compensation practice expert, discusses how rapid startup hiring causes founders to make reactive, short-term compensation decisions.
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“When you're at this kind of high-velocity hiring rate I think people forget about what's my strategy and what direction am I pointing at, because they're solving for very short-term needs of that recruitment, initial recruitment process, and that candidate saying, well, I've got so-and-so willing to pay me XYZ, And you're in that trench. You're trying to fight to win that. And then you look down the road, you're a hundred people, 80 people, and you really don't have a core essence of how you've paid your people.”
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