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Episode 60: Understanding and Communicating a Company's Compensation Philosophy: The Key to Successful Hiring with Rani Mavram
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Ever wondered how working from home affects a company's ability to innovate and find new talent? The shift to remote work has changed a lot about how companies operate. From how we work together to how we hire new people, the way things are done is evolving.
Today on “Recruiting is No Joke”, we sit down with Rani Mavram, CEO of Complete. Complete is a platform for startups to manage and scale their compensation strategy, keeping cash bonuses and benefits front of mind.
During our conversation, we talk about the subtleties of remote work and its impact on innovation and recruitment. We explore the equilibrium between remote and in-office work, the critical role of company culture, and tactics for handling compensation workflows. Our discussion also delves into the importance of a company's compensation philosophy, the necessity for clarity in job postings, and our responsibility as recruiters to enlighten candidates about compensation. Moreover, we touch on how remote work influences recruiting and the creation of an inviting office atmosphere. We wrap up the episode with anticipation of delving into AI in sourcing in future discussion
In this episode:
- (01:09) – Overview of Complete
- (02:36) – The complexities of compensation packages and the need for better literacy
- (03:45) – Nike's CEO weighs in on how remote work affects innovation
- (O5:07) – Rani shares his take on remote work, collaboration, and innovation
- (07:23) – Joel presents results from a LinkedIn poll about remote work
- (15:29) – Rani talks about the importance of employee development
- (11:03) – Rani examines how remote and in-office work settings influence recruiting
- (13:51) – The importance of an appealing office space and the hurdles of balancing remote work with office culture.
- (17:40) – The value of investing in employee development
- (18:24) – Rani describes an interactive offer platform's features
- (19:13) – Engagement with different sections of the offer platform
- (21:04) – Using video in recruitment to add authenticity and human connection
- (22:51) – Increasing compensation expectations among job seekers
- (24:42) – The importance of comprehending total compensation
- (27:52) – The need to educate candidates about compensation packages
- (29:30) – Rani explains a company's compensation philosophy and its role in attracting and retaining talent.
- (34:28) – The challenges and significance of transparency in compensation
- (36:10) – Internal pay parity and understanding pay progression over time
- (37:14) – Salary transparency
- (38:15) – Offer evaluation
- (39:14) – Empowering hiring managers
- (39:42) – The impact of remote work on innovation
- (40:17) – How to learn more about Complete
- (40:44) – Potential future conferences and the value of resources
- (41:51) – Upcoming AI and sourcing discussion
About Joel Lalgee
Joel Lalgee is an internationally known recruitment leader and coach who has helped thousands of recruiters build their brands online. In 2015, Joel started recruiting for a small start-up agency in Milwaukee. He quickly found his passion for recruitment. In 2019, he discovered content marketing, publishing his first posts on Linkedin. Since then, he has grown to over 400k followers, and his content has been seen over 1 billion times. In 2023, he started a business specializing in coaching recruiters, marketing consulting, and influencer partnerships.
Recruiting is No Joke Social Media
About Rani Mavram
Rani Mavram, the co-founder of Complete, is responsible for creating a platform designed to help startups manage and scale their compensation strategies effectively, with a focus on cash bonuses and benefits. In addition to assisting companies in defining their compensation philosophy, Complete offers various products, including an interactive offer letter for potential candidates to gain a comprehensive understanding of their compensation package. It also allows current employees to access detailed breakdowns of their compensation. The platform has successfully raised $4 million from investors such as Accel, Y Combinator, and Housefund. Currently, it is used by HR teams in companies like Roblox, Vercel, and DataStax.
Rani Mavram Social Media
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