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Ben Horowitz

04/21/17

@ Y Combinator

Implementing a formal process for evaluating raises helps maintain fairness and ensures that all employees are assessed based on their contributions, not just their ability to ask for a raise.

Video

How to Manage with Ben Horowitz (How to Start a Startup 2014: Lecture 15)

@ Y Combinator

How to Manage with Ben Horowitz (How to Start a Startup 2014: Lecture 15)

04/21/17

Related Takeaways

Ben Horowitz

04/21/17

@ Y Combinator

If you give raises only to those who ask, it can create a culture where employees feel they must demand raises to be recognized, rather than being evaluated fairly based on performance.

Ben Horowitz

04/21/17

@ Y Combinator

When an employee asks for a raise, it's important to consider their perspective and the potential impact on other employees who may feel overlooked if they don't receive similar recognition.

Ammon Bartram

05/18/17

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To improve the hiring process, companies should ensure that all candidates are asked the same questions and evaluated consistently, which is more important than the specific questions asked.

Kalam Dennis

12/15/18

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When firing employees, it's important to be transparent and give them opportunities to correct their performance.

Y Combinator Cast

04/20/18

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Using feedback forms before group discussions helps ensure that everyone's opinions are considered in the hiring process.

Sam Altman

03/18/17

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It's crucial to ensure employees feel valued and happy, as resentment can build if they feel treated unfairly over time.

Claire Hughes Johnson

03/05/23

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When hiring, it's essential to define job structures and levels early to avoid confusion and ensure fairness in compensation and expectations.

Sam Altman

05/02/17

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Ignoring HR in the early stages can lead to problems later; establishing a clear structure and performance feedback is vital as the company grows.

Keith Rabois

04/20/17

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Regular one-on-one meetings between managers and employees should be structured to benefit the employee, allowing them to set the agenda and discuss their priorities.