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Maria Palma, Director of Platform @RRE Ventures THE TALENT PLAYBOOK HOW TO SOURCE, HIRE AND RETAIN WORLD CLASS TALENT

Talent Playbook

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Page 1: Talent Playbook

Maria Palma, Director of Platform @RRE Ventures

THE TALENT PLAYBOOKHOW TO SOURCE, HIRE AND RETAIN WORLD CLASS TALENT

Page 2: Talent Playbook

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RRE VENTURES IS AN EARLY STAGE, SEED & SERIES A, VENTURE CAPITAL FIRM LOCATED IN NEW YORK

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FOLLOW US @RRE 3

WHERE RRE INVESTS

HERE ARE A FEW OF THE SPACES WE HAVE INVESTED IN AND SOME OF OUR 120 ACTIVE COMPANIES

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FOLLOW US @RRE 4

OUR FOUNDERS CONSISTENTLY TELL US THAT TALENT IS ONE OF THEIR BIGGEST PAIN POINTS

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BUILDING THE RIGHT TEAM IS CRITICAL FOR ALL COMPANIES...

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BUT IT’S HARD, REALLY HARD

EVER HIRE THE WRONG PERSON?

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MEET JAMES,A CANDIDATE YOU THINK IS AWESOME

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FOLLOW US @RRE 8

YOU QUICKLY HIRE JAMES AND ARE EXCITED FOR HIM TO HIT THE GROUND RUNNING

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THEN YOU REALIZE JAMES ISN’T A FIT FOR THE ROLE OR COMPANY

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FOLLOW US @RRE 10

WHEN YOU LET HIM GO, IT’S HARD EMOTIONALLY, FINANCIALLY, AND OPERATIONALLY

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IT SLOWS THE COMPANY DOWN AND NOW YOU NEED TO REHIRE FOR THAT POSITION

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FOLLOW US @RRE 12

HIRING MISTAKES ARE PAINFUL AND COSTLY

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A SINGLE HIRING MISTAKE COSTS 15 TIMES BASE SALARY IN HARD COSTS & PRODUCTIVITY LOSS

15X

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- ”WHO” BY GEOFF SMART

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FOLLOW US @RRE 14

HIRING ALSO TAKES A LOT OF TIME

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30-50% OF THEIR TIME ON PEOPLE

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OUR CEOs SPEND

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FOLLOW US @RRE 16

FINDING THE RIGHT PERSON IS NOT STRAIGHTFORWARD

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YOU WANT THE PROCESS TO FEEL LIKE THIS...

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BUT IT FEELS MORE LIKE THIS

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SO HIRING IS PAINFUL EXPENSIVE MESSY TIME CONSUMING

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BUT IS THERE A SIMPLE SOLUTION?WE DON’T HAVE ALL THE ANSWERS

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BUT, WE TALKED TO HEADS OF TALENT IN OUR NETWORK AND THIS IS WHAT WE LEARNED

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FOLLOW US @RRE 22

WHEN IT COMES TO TALENT, HAVING A LITTLE PROCESS GOES A LONG WAY

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FOLLOW US @RRE 23

THE NEED

- MOC FRAMEWORK- COMPETENCIES - JOB DESCRIPTION

ESSENTIALS

- EMPLOYER BRAND - CULTURE

- LITTLE BLACK BOOK - ONLINE - RECRUITERS - REFERRALS

SOURCING

- INTERVIEW PROCESS - APPLICANT TRACKING - REFERENCE CHECKS

INTERVIEWING

- MOTIVATION - COMPENSATION

CLOSING

- ONBOARDING - DEVELOPMENT - HIGH PERFORMERS - UNDERFORMANCE - TALENT PLANNING

RETAIN & DEVELOP

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FOLLOW US @RRE 24

THE NEED

- MOC FRAMEWORK- COMPETENCIES - JOB DESCRIPTION

ESSENTIALS

- EMPLOYER BRAND - CULTURE

- LITTLE BLACK BOOK - ONLINE - RECRUITERS - REFERRALS

SOURCING

- INTERVIEW PROCESS - APPLICANT TRACKING - REFERENCE CHECKS

INTERVIEWING

- MOTIVATION - COMPENSATION

CLOSING

- ONBOARDING - DEVELOPMENT - HIGH PERFORMERS - UNDERFORMANCE - TALENT PLANNING

RETAIN & DEVELOP

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BEFORE HIRING YOU WANT TWO THINGS IN PLACE:

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2

1 EMPLOYER BRAND

CODIFIED CULTURE

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FOLLOW US @RRE 26

IT’S THE IDENTITY YOU CREATE TO ATTRACT PROSPECTIVE TALENT

WHAT IS EMPLOYER BRAND?

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IDEAS TO BUILD YOUR EMPLOYER BRAND

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3

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BENEFITS ON YOUR SITE

HOST MEETUPS

MONITOR PUBLIC PRESENCE

WRITE CONTENT

5 CONTRIBUTE PUBLICLY

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ADD BENEFITS & TEAM PICS TO YOUR WEBSITE

1

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FOLLOW US @RRE

SHOW THE PERKS

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FOLLOW US @RRE

AND THE BENEFITS

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HOST RELEVANT MEETUPS

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IDENTIFY THE INTERESTS OF EMPLOYEES YOU WANT…

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FOLLOW US @RRE 33

THEN TARGET MEETUP GROUPS WHERE THEY HANGOUT

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FOLLOW US @RRE

HOST OR SUPPORT THEM

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FOLLOW US @RRE

HERE ARE SOME IDEAS

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MONITOR YOUR PUBLIC PRESENCE

3

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RESPOND TO REVIEWS, ESPECIALLY NEGATIVE ONES AND ENCOURAGE EMPLOYEES TO ADD REVIEWS

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FOLLOW US @RRE

EXAMPLE ON THE MUSE

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FOLLOW US @RRE

EMPLOYER PRESENCE SITES

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WRITE CONTENT

4

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CONTENT SHOWS PROSPECTIVE EMPLOYEES WHO YOU ARE AND WHAT YOU THINK

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FOLLOW US @RRE

MANAGED BY Q BLOG

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FOLLOW US @RRE

LINKEDIN ENGINEERING BLOG

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CONTRIBUTE PUBLICLY

5

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FOLLOW US @RRE 45

CONTRIBUTE TO ONLINE COMMUNITIES AND FORUMS, SHOW YOUR SKILLS

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CAPTURING YOUR CULTURE ON PAPER MAKES IT EASIER TO HIRE AGAINST

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CODIFIED CULTURE

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FOLLOW US @RRE 47

IT ALSO ALIGNS YOUR TEAM ON CORE VALUES

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POST-IT EXERCISE TO CODIFY CULTURE

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POST-IT CULTURE EXERCISE

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HAVE YOUR TEAM WRITE ADJECTIVES THAT YOUR COMPANY IS & IS NOT

SORT THROUGH TO FIND THEMES, BE HONEST ABOUT HOW YOUR COMPANY REALLY BEHAVES & ACTS

BOIL DOWN TO 3-5 MAIN VALUES OF YOUR COMPANY

TRANSLATE EACH VALUE INTO POSITIVE OR NEGATIVE INDICATORS THAT REPRESENT EACH ONE

5 FIND WAYS TO REINFORCE & RECOGNIZE CULTURE DAY TO DAY

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FOLLOW US @RRE 50

EXAMPLE OF INDICATORS

SEE ABOVE FOR AN EXAMPLE OF POSITIVE & NEGATIVE INDICATORS FOR TWO OF RRE’S VALUES

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REMEMBER, CULTURE IS NOT JUST WHAT YOU PUT ON YOUR OFFICE WALLS

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BUT MORE IMPORTANTLY, CULTURE IS THE WAY THE TEAM THINKS, ACTS, & BEHAVES

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FOLLOW US @RRE 53

FOR EVERY HIRE YOU MAKE, YOUR CULTURE EVOLVES SLIGHTLY

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REVISIT YOUR CULTURE AS YOU GROW

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RECAP OF WHAT YOU NEED BEFORE YOU HIRE

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EMPLOYER BRAND CODIFIED CULTURE

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NOW YOU’RE READY TO GET STARTED ON HIRING

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FOLLOW US @RRE 57

THE NEED

- MOC FRAMEWORK- COMPETENCIES - JOB DESCRIPTION

ESSENTIALS

- EMPLOYER BRAND - CULTURE

- LITTLE BLACK BOOK - ONLINE - RECRUITERS - REFERRALS

SOURCING

- INTERVIEW PROCESS - APPLICANT TRACKING - REFERENCE CHECKS

INTERVIEWING

- MOTIVATION - COMPENSATION

CLOSING

- ONBOARDING - DEVELOPMENT - HIGH PERFORMERS - UNDERFORMANCE - TALENT PLANNING

RETAIN & DEVELOP

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CLEARLY DEFINING THE ROLE AND WHO YOU NEED

58

THE NEED

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FOLLOW US @RRE 59

HERE ARE THE STEPS TO DEFINE THE NEED

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FOLLOW US @RRE 60

DEFINE THE “MOC”

MISSION PURPOSE AND WHY THIS ROLE EXISTS

OUTCOMES 3 – 8 MEASUREABLE RESULTS TO ACHIEVE

COMPETENCIES BEHAVIORS NEEDED TO SUCCEED IN THIS ROLE

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FOLLOW US @RRE 61

BREAKDOWN COMPETENCIES

WRITE DOWN ATTRIBUTES OF EACH COMPETENCY THAT DEMONSTRATE IT AND CAN BE TESTED AGAINST

IN INTERVIEWS AND REFERENCE CHECKS

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FOLLOW US @RRE 62

WRITE DOWN OTHER SPECIFICS

LIST OUT OTHER DETAILS SUCH AS:

COMPENSATION DIRECT MANAGER LOCATION HARD SKILLS FIRST 90 DAY GOALS

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NOW USE THIS INFORMATION TO WRITE THE JOB DESCRIPTION

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FOLLOW US @RRE 64

WRITE IT TO ATTRACT AN IDEAL CANDIDATE

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FOLLOW US @RRE 65

BUT NOW, WHERE DO

YOU FIND THIS

PERSON?

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FOLLOW US @RRE 66

THE NEED

- MOC FRAMEWORK- COMPETENCIES - JOB DESCRIPTION

ESSENTIALS

- EMPLOYER BRAND - CULTURE

- LITTLE BLACK BOOK - ONLINE - RECRUITERS - REFERRALS

SOURCING

- INTERVIEW PROCESS - APPLICANT TRACKING - REFERENCE CHECKS

INTERVIEWING

- MOTIVATION - COMPENSATION

CLOSING

- ONBOARDING - DEVELOPMENT - HIGH PERFORMERS - UNDERFORMANCE - TALENT PLANNING

RETAIN & DEVELOP

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HOW TO FIND AND ATTRACT A POOL OF GREAT CANDIDATES

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SOURCING

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FOLLOW US @RRE 68

OUTBOUND SOURCING: PROACTIVELY REACHING OUT TO CANDIDATES

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FIRST TYPE OF OUTBOUND: YOUR LITTLE BLACK BOOK OF TALENT

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FOLLOW US @RRE 70

IT’S AN ACTIVE LIST OF THE MOST TALENTED PEOPLE YOU KNOW & KEEP IN TOUCH WITH

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WHAT IF I DON’T HAVEA LITTLE BLACK BOOK?

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5 STEPS TO START

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LIST THE MOST TALENTED PEOPLE YOU KNOW (IN EXCEL OR GOOGLE DOC)

TELL THEM ABOUT YOUR COMPANY

ASK THEM WHO THEY THINK YOU SHOULD GET TO KNOW

BLOCK OUT TIME EACH WEEK, GET TO KNOW THEM & REPEAT

5 GROW LIST & MAINTAIN CONTACT

BRING IT

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SECOND TYPE OF OUTBOUND: ONLINE SOURCING

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THE MAIN THREE

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LINKEDIN RECRUITER ALLOWS FOR ADVANCED SEARCHING & BETTER OUTREACH $125/

MONTH

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ANGELLIST IS A GLOBAL SOURCE TO FIND CANIDATES LOOKING TO WORK FOR STARTUPS

FREE

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FOLLOW US @RRE 77

A-LIST IS ANGELIST'S NEW TOOL WITH PREVETTED CANIDATES, FREE TO BROWSE

$10K TO HIRE

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FOLLOW US @RRE 78

GITHUB, LOOK AT PROFILES AND SEE PROJECTS THEY CONTRIBUTE TO

FREE

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OTHER GREAT ONLINE SOURCES

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THIRD TYPE OF OUTBOUND: RECRUITERS

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WHEN TO BRING ONE IN

IN HOUSE RECRUITER

STARTUPS TYPICALLY HIRE AN IN-HOUSE RECRUITER AT 30 PEOPLE

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WHAT TO LOOK FOR IN YOUR FIRST RECRUITER

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CARES ABOUT PEOPLE

PROCESS-DRIVEN

VALUES CANDIDATE EXPERIENCE

USES TALENT METRICS

5 REPRESENTS YOUR BRAND WELL

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RECRUITING FIRMS: GREAT IF YOU ARE TRYING TO

FILL MANY ROLES QUICKLY OR ARE STRUGGLING ON A SPECIFIC KEY HIRE

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FOLLOW US @RRE 84

~12 - 25% OF FIRST YEAR SALARY

PAID IF YOU HIRE

BETTER FOR JUNIOR ROLES

NOT EXCLUSIVE

CONTINGENT SEARCH FIRM

CONTINGENT

TIP: PAY THE HIGHER % FEE (SINCE NOT EXCLUSIVE) TO SEE BETTER RESUMES

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~33% OF FIRST YEAR SALARY

PAID REGARDLESS OF HIRE

BETTER FOR EXECUTIVE ROLES

EXCLUSIVE, QUALIFIED SEARCH

RETAINED SEARCH FIRM

TIP: NEGOTIATE FREE REPLACEMENT SEARCH IF CANDIDATE LEAVES <90 DAYS

RETAINED

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IF YOU USE A FIRM, GET RECOMMENDATIONS FROM INVESTORS AND FOUNDERS

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FOLLOW US @RRE 87

INBOUND SOURCING: APPLICANTS WHO COME TO YOU DIRECTLY OR ARE REFERRED TO YOU

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FROM YOUR WEBSITE TO SOCIAL MEDIA, THERE ARE MANY SOURCES OF INBOUND

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FOLLOW US @RRE 89

ONE INEXPENSIVE & HIGH QUALITY INBOUND CHANNEL IS EMPLOYEE REFERRALS

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FOLLOW US @RRE 90

COMPENSATE YOUR EMPLOYEES FOR BRINGING IN TALENT

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FOLLOW US @RRE 91

BUILD REFERRALS INTO YOUR CULTURE SO HIRING GREAT PEOPLE IS EVERYONE’S RESPONSIBILITY

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TYPICAL AMOUNT IS $2- $5K AFTER THE EMPLOYEE HAS BEEN THERE 90 DAYS

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FOLLOW US @RRE 93

ONE CAUTION WITH REFERRALS, WATCH OUT FOR DIVERSITY SO YOU DON’T HIRE MORE OF YOURSELF

CS

CS

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DIVERSITY DRIVES PERFORMANCE, RESEARCH HAS SHOWN THAT DIVERSE GROUPS OUTPERFORM THOSE WITH LESS DIVERSITY

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FOLLOW US @RRE 95

DIVERSITY GOES BEYOND RACE AND GENDER, IT’S ALSO ABOUT THOUGHT AND BACKGROUND

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FOLLOW US @RRE 96

THE NEED

- MOC FRAMEWORK- COMPETENCIES - JOB DESCRIPTION

ESSENTIALS

- EMPLOYER BRAND - CULTURE

- LITTLE BLACK BOOK - ONLINE - RECRUITERS - REFERRALS

SOURCING

- INTERVIEW PROCESS - APPLICANT TRACKING - REFERENCE CHECKS

INTERVIEWING

- MOTIVATION - COMPENSATION

CLOSING

- ONBOARDING - DEVELOPMENT - HIGH PERFORMERS - UNDERFORMANCE - TALENT PLANNING

RETAIN & DEVELOP

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EVALUATING CANDIDATES TO FIND THE RIGHT FIT

97

INTERVIEWING

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HIRING MANAGER

HEAD OF TALENT

98

FOR INTERVIEWS, EVERYONE SHOULD HAVE A ROLE

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FOLLOW US @RRE 99

THE INTERVIEW PROCESS

DEFINE THE INTERVIEW STEPS AND OBJECTIVES FOR EACH INTERVIEWER

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FOLLOW US @RRE 100

CONSIDER GIVING CANDIDATES A SMALL SKILLS TEST, ESPECIALLY FOR TECHNICAL ROLES

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FOR CULTURAL FIT INTERVIEWS, THE BEER TEST ALONE IS NOT GOOD ENOUGH TO ASSESS

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REMEMBER INTERVIEWS ARE A TWO WAY STREET

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THIS IS NOT A SECRET, TELL CANDIDATES YOUR PROCESS

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FOLLOW US @RRE 104

TELL THE CANDIDATE WHAT TO EXPECT:

WHAT ARE THE NEXT STEPS?

WHO WILL THEY MEET WITH?

WHAT IS THE TIME FRAME?

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FOLLOW US @RRE 105

STANDARDIZE RESPONSE TIMES TO CANDIDATES 7 DAYS FOR ONLINE APPLICATION 2 DAYS FROM ONSITE INTERVIEW

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FOLLOW US @RRE 106

WITHOUT PREP, CANDIDATES OFTEN GET THE SAME QUESTIONS ALL DAY

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FOLLOW US @RRE 107

EACH ROLE REQUIRES UNIQUE INTERVIEW QUESTIONS

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PEEL THE ONION: DIG INTO THE CANDIDATE’S

RESPONSES & PUSH FOR SPECIFICS

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A FEW THINGS YOU ARE NOT ALLOWED TO ASK ABOUT IN THE US:

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AGE MARITAL STATUS CHILDREN SEXUAL ORIENTATION DISABILITIES

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FOLLOW US @RRE 110

HAVE INTERVIEWERS SCORE CANDIDATES ON A 1 - 4 SCALE, THEN DEBRIEF WITH TEAM

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FOLLOW US @RRE 111

HELPS KEEP TRACK OF CANDIDATES FROM APPLICATION TO HIRE

APPLICANT TRACKING SYSTEM:

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FOLLOW US @RRE

GREENHOUSE

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FOLLOW US @RRE

LEVER

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FOLLOW US @RRE 114

APPLICANT TRACKING IN EXCEL

KEEP TRACK OF CANDIDATES THROUGH THE INTERVIEW PROCESS WITH SCORES & COMMENTS

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REFERENCE CHECKS

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TAKE THE TIME TO DO THEM

DELVE DEEPER THAN SURFACE READ BETWEEN THE LINES

FIND YOUR OWN REFERENCES

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DON’T BE LAZY ON THIS ONE, REFERENCE CHECKS TELL YOU A LOT & FINDING YOUR OWN REFERENCES CAN MAKE A BIG DIFFERENCE

116

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FOLLOW US @RRE 117

THE NEED

- MOC FRAMEWORK- COMPETENCIES - JOB DESCRIPTION

ESSENTIALS

- EMPLOYER BRAND - CULTURE

- LITTLE BLACK BOOK - ONLINE - RECRUITERS - REFERRALS

SOURCING

- INTERVIEW PROCESS - APPLICANT TRACKING - REFERENCE CHECKS

INTERVIEWING

- MOTIVATION - COMPENSATION

CLOSING

- ONBOARDING - DEVELOPMENT - HIGH PERFORMERS - UNDERFORMANCE - TALENT PLANNING

RETAIN & DEVELOP

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GETTING THE CANDIDATE YOU WANT OVER THE FINISH LINE

118

CLOSING

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THINK ABOUT WHAT’S REALLY MOTIVATING THIS CANDIDATE TO JOIN

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TIPS TO SELL AND CLOSE THE CANDIDATE

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SOCIALIZE WITH THE CANDIDATE

UNDERSTAND FAMILY CONCERNS ADDRESS ANY CONCERNS

HELP WITH RELOCATION

5 HAVE TEAM/BOARD REACH OUT

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YOUR INVESTORS & NETWORK CAN BE A FANTASTIC RESOURCE FOR COMPENSATION DATA

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FOLLOW US @RRE

COMPENSATION BENCHMARKS

122

Average Base Salary For Engineers By Company Stage & Level of Experience

Ave

rage

Bas

e Sa

lary

$75,000

$106,250

$137,500

$168,750

$200,000

Funding Stage

Seed Funding Only Post Series B Post Series D Growth Capital Funding Only

1 Year Expereince 2 Years Expereince 3 Years Expereince4 Years Expereince 5 Years Expereince Director Level

FOR EXAMPLE, HERE IS DATA RRE RECENTLY PULLED FROM ADVANCED HR FOR A PORTFOLIO COMPANY

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FOLLOW US @RRE

COMPENSATION BENCHMARKS

123

ANGELIST CAN ALSO BE A GREAT RESOURCE FOR EQUITY & SALARY DATA

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FOLLOW US @RRE 124

MAKE SURE TO COVER THESE IN YOUR EMPLOYMENT AGREEMENT:

CONFIDENTIALITY IP PROTECTION NON-COMPETE

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CONGRATULATIONS, YOU ARE SET TO HIRE GREAT CANDIDATES

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FOLLOW US @RRE 126

THE NEED

- MOC FRAMEWORK- COMPETENCIES - JOB DESCRIPTION

ESSENTIALS

- EMPLOYER BRAND - CULTURE

- LITTLE BLACK BOOK - ONLINE - RECRUITERS - REFERRALS

SOURCING

- INTERVIEW PROCESS - APPLICANT TRACKING - REFERENCE CHECKS

INTERVIEWING

- MOTIVATION - COMPENSATION

CLOSING

- ONBOARDING - DEVELOPMENT - HIGH PERFORMERS - UNDERFORMANCE - TALENT PLANNING

RETAIN & DEVELOP

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KEEP AND GROW THE BEST TALENT IN YOUR STARTUP

127

RETAIN & DEVELOP

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128

1. ONBOARDING 2. DEVELOPMENT 3. HIGH PERFORMERS4. UNDERPERFORMERS5. TALENT PLANNING

CONSIDERATIONS POST- HIRE

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ONBOARDING

ONBOARDING SHOULD MAKE YOUR NEW EMPLOYEES FEEL

WELCOME

1

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FOLLOW US @RRE 130

INVESTING TIME INTO PEOPLE IN THE FIRST 90 DAYS IS CRITICAL

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FOLLOW US @RRE 131

ON DAY ONE HAVE TOOLS SETUP AND KEY MEETINGS SCHEDULED

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HAVE MANAGERS SCHEDULE 30-60-90

DAY CHECK-INS

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SO NOW THAT YOU HAVE THEM ON BOARD, HOW DO YOU KEEP AND DEVELOP THEM?

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DEVELOPMENT

GROWING YOUR EXISTING TALENT

2

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FOLLOW US @RRE 135

HELP YOUR EMPLOYEES IDENTIFY SKILLS THEY NEED & WANT TO DEVELOP

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FOLLOW US @RRE 136

NOW WORK TO FIND WAYS TO BUILD THOSE SKILLS

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SOME IDEAS

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REIMBURSE EXTERNAL TRAININGS

PROVIDE CAREER COACHING

CREATE MANAGEMENT WORKSHOPS

OFFER INTERNAL SKILLS TRAINING

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FOLLOW US @RRE 138

AN IDEA FROM ONE OF OUR PORTFOLIO COMPANIES

OFFER A WEEK OF DEVELOPMENT TIME THAT EACH EMPLOYEE SPENDS AS AGREED WITH MANAGER

Page 139: Talent Playbook

A CULTURE OF FEEDBACK IS ALSO CRITICAL, IT IMPROVES & EVOLVES YOUR ENTIRE TEAM

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FOLLOW US @RRE 140

GIVE FEEDBACK IN REAL TIME, DON’T JUST WAIT FOR PERFORMANCE REVIEWS

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GREAT, TELL THEM TELL OTHER PEOPLE

141

NOT SO GREAT, TELL THEMIN PRIVATE

IF THEY DO SOMETHING…

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GET FEEDBACKON YOURSELF AS WELL, ESPECIALLY ASK WHAT YOU CAN DO BETTER

142

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GIVING FEEDBACK ALSO SETS THE RIGHT EXPECTATIONS FOR PROMOTIONS AND MINIMIZES DISTRACTIONS

143

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HIGH PERFORMERS

HOW DO YOU KEEP YOUR HIGH

PERFORMERS?

3

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FOLLOW US @RRE 145

EXPOSE THEM TO NEW CHALLENGES AND LET THEM KNOW THEY HAVE ROOM TO GROW WITHIN YOUR COMPANY

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TO KEEP HIGH PERFORMERS BE SURE TO ADDRESS LOW PERFORMERS

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UNDERPERFORMANCE

HOW TO ADDRESS PROBLEMS WITH PERFORMANCE

4

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AS A STARTUP YOU CAN’T

AFFORD TO KEEP LOW

PERFORMERS

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FOLLOW US @RRE 149

IF SOMEONE IS CONSISTENTLY UNDERPERFORMING, TELL THEM FORMALLY USING A PIP...

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FOLLOW US @RRE 150

PERFORMANCE IMPROVEMENT PLAN (PIP): SPECIFIES OCCURRENCES OF LOW PERFORMANCE WITH ACTION PLAN AND TIMELINE

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FOLLOW US @RRE 151

A PIP SHOULD BE SIGNED BY BOTH THE EMPLOYEE AND MANAGER

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KEY ADVANTAGES TO PIPS

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DOCUMENTS IN REAL TIME

RECORD IN CASE OF LEGAL ACTIVITY

DEMONSTRATES A FAIR PROCESS

SHOWS SEVERITY OF THE ISSUE

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AFTER A PIP THE EMPLOYEE WILL

EITHER IMPROVE OR GET

TERMINATED

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FOLLOW US @RRE 154

WITH ANY TERMINATION, RIF OR LAYOFF, BE AS TRANSPARENT AND QUICK AS POSSIBLE

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155

TALENT PLANNING

PLANNING FOR CHANGE AND

GROWTH

5

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FOLLOW US @RRE 156

TALENT PLANNING: PLANNING FUTURE GROWTH & REPLACEMENTS FOR KEY ROLES AS THE COMPANY SCALES

Page 157: Talent Playbook

LOOKING AHEAD IS CRITICAL AS YOU GROW AND SCALE TO HAVE THE TEAM YOU NEED AT EACH STAGE

157

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FOLLOW US @RRE 158

YOU NEED ACTION & BACKUP PLANS FOR SPECIFIC CRITICAL ROLES

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FOLLOW US @RRE 159

TALENT PLANNING

FOR KEY ROLES, IDENTIFY TALENT THAT COULD STEP IN NOW OR LATER, CREATE DEVELOPMENT PLANS

WHERE THERE ARE GAPS

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NOW YOU ARE SET TO HIRE & RETAIN GREAT TALENTOFF TO THE RACES

160

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WE HOPE YOU LEARNED SOMETHING ABOUT HOW TO GET & RETAIN GREAT TALENT

161

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FOLLOW US @RRE 162

IF YOU FOUND THIS USEFUL, PLEASE CLICK LIKE & SHARE

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FOLLOW US @RRE 163

DOWNLOAD ALL THE TEMPLATES USED IN THIS DECK

@RRE

RRE VENTURES

[email protected]

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