High-growth companies face unique challenges when they tackle benchmarking, a foundational step in compensation program design.
Many startup leaders don’t realize they’re using the wrong comp benchmarks until it’s too late. Even if you think you have benchmarking down, but you’re having problems with recruiting, retention, or excessive burn or dilution, it’s worth revisiting your process.
When done right, benchmarking can help pre-IPO companies address critical – and often competing – priorities for growth, finance, and people.
In this guide, you’ll learn:
- Common startup benchmarking mistakes to avoid
- The risks and consequences of benchmarking against the wrong data
- The benefits of getting benchmarking right
- 3 steps for successful compensation benchmarking