In this episode of HR Heretics, Kelli Dragovich and Nolan Church welcome Michelle Delcambre, an operating partner at Felicis (and formerly of Stripe & Databricks), to discuss company growth trajectories, and strategic HR practices around talent, comp, and exits.
Michelle shares the development of Felicis’ ‘Benchmark Your Org' tool — which you can access here — it’s a free platform utilizing data from 15,000 companies, updated monthly, to help founders benchmark organizational growth. This conversation, which is one of Nolan's favorite episodes of the year, covers common founder mistakes and offers insights around pre-negotiated exit packages, comp strategies, company attrition, and so much more.
*Email us your questions or topics for Kelli & Nolan: hrheretics@turpentine.co
HR Heretics is a podcast from Turpentine.
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LINKS:
Benchmark Your Org: https://www.felicis.com/benchmark
LINKEDIN:
Michelle: https://www.linkedin.com/in/michelledelcambre/
Nolan: https://www.linkedin.com/in/nolan-church/
Kelli: https://www.linkedin.com/in/kellidragovich/
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TIMESTAMPS:
(00:00) Intro
(04:30) Actually useful benchmarks for founders
(07:25) What metrics do people care about now?
Boomerangs
(09:30) Missing people data metrics
(10:30) The talent vortex
(15:35) Sponsors: WorkVivo | Attio
(18:15) The anxiety of the “Regrettable attrition” metric and boomerang employees
(23:07) Compensation challenges in startups
(25:52) Tender offers and secondary markets
(28:13) Innovative solutions for employee equity
(38:41) Pre-negotiated severance and employee retention
(43:56) Common mistakes founders make
(49:36) Wrap
