When organizations get into a high growth phase, everything starts moving faster. From recruiting to onboarding new hires, everything speeds up and becomes more challenging. Compensation is a critical piece of the puzzle that you must get right as you scale quickly. Neglecting to think about compensation planning can cost you top talent, slow down recruiting, and create internal inequities down the line.

1. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies

2. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Rusty Lindquist
VP of HCM Thought Leadership
BambooHR
Mykkah Herner
Modern Compensation Evangelist
Payscale

3. Understanding Rapid Growth
(and how it relates to comp)

4. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Growth
Time
STAGE 1 STAGE 2 STAGE 3
Market
Viability
Client
Acquisition
Business
Scalability
Organizational Waste
(grow)(validate) (operationalize)
BYPRODUCTS
OF GROWTH
Cultural Dilution
Reduced (Intrinsic) Engagement
Reduction In Transparency
Strained Management
Inconsistencies Create Friction

7. Ram Charan
Best-selling Author, Business Advisor

8. OUR PEOPLE SYSTEMS
ARE THE MOST IMPORTANT SYSTEMS
IN OUR ORGANIZATIONS

9. Comp Plans Can Help

10. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Reinforce Clear Strategy

11. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Align Resources to Goals

12. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Develop Guidelines for Pay

13. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Enable Quicker Pace

14. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Ensure fairness across locations

15. Comp & Culture

16. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies

17. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Everything you do
becomes part of that story…
The story of what you value

18. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Compensation:
The story of
how much you are valued

19. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Making the Compensation
Conversation a Culture Builder
Don’t be offended
Be open
Take it seriously Be objective
Be proactive
Be Positive

21. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Make Sure Your Approach To Comp
Tells The Right Story

22. AligningAcross
Multiple Locations

23. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Same job in multiple locations has
different titles and pay

24. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Different jobs in multiple locations
have the same titles

25. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
How do you fix it?

26. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Target Specific Issue Areas

27. Comp & Engagement

29. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Feeling appreciated, valued, and adequate rewarded for your effort.
Value
Total rewards
Va Value
Rewards Recognition Compensation
What you get from work

30. bamboohr.com 1-866-387-9595
Comp Strategies for Fast Growing Companies
Comp is about an
Exchange of Value
Not just Money
Experience in industry
Experience in market vertical
Experience in adjacent markets
Experience in field of discipline
Experience in adjacent disciplines
Experience with competitors
Product knowledge
Competitor knowledge
Time and experience in company
Education
Discipline training and certification
Supply and demand
Employer Value DriversEmployee Value Drivers
Base pay
Performance Pay
Paid time off
Benefits
Travel
Culture and environment
Work flexibility
Work/Life balance
Meaningful work
Who you work with
Challenging work
Opportunity to impact
Job security
Shared purpose / mission
Career advancement opportunities
Autonomy
Senior leadership

31. Three Options for M&As

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Comp Strategies for Fast Growing Companies
Maintain separate plans

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Comp Strategies for Fast Growing Companies
Use one plan

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Comp Strategies for Fast Growing Companies
Merge plans too

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Comp Strategies for Fast Growing Companies
Things to do today
1. Things to do today
2. Clarify alignment of business goals to talent strategy
3. Discover your talent markets
4. Prioritize pay decisions based on the above
5. Decide between pay ranges and pay grades
6. If merging, get to know both plans
7. Make a plan to develop a comprehensive comp plan

36. Thank you!
Follow BambooHR on social media:
bamboohr.com/blog

37. Follow BambooHR and PayScale on social media:
bamboohr.com/blog | payscale.com/compensation-today
Questions?
Rusty Lindquist
V P S T R A T E G I C H R I N S I G H T S
B A M B O O H R
@ r u s t y l i n d q u i s t
r u s t y @ b a m b o o h r . c o m
w w w . l i n k e d i n . c o m / i n / r u s t y l i n d q u i s t
Mykkah Herner
M O D E R N C O M P E V A N G E L I S T
P A Y S C A L E
@ m y k k a h _ h e r n e r
M y k k a h H @ p a y s c a l e . c o m
w w w . l i n k e d i n . c o m / i n / m y k k a h h e r n e r