Guissu Baier, a talent expert at General Catalyst who navigated the treacherous waters of startup equity compensation at Instacart, joins Nolan Church and Kelli Dragovich challenging conventional wisdom about refresh grants, and revealing that most companies lack a clear strategy.Is it time to ditch the old-school "wait and see" approach and embrace a more performance-driven model?Listen to Guissu, Kelli and Nolan as they offer insights into how to bridge the gap and foster collaboration between legal and HR teams.*Email us your questions or topics for Kelli & Nolan: [email protected] Heretics is a podcast from Turpentine.🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/Support HR Heretics Sponsors:Planful empowers teams just like yours to unlock the secrets of successful workforce planning. Use data-driven insights to develop accurate forecasts, close hiring gaps, and adjust talent acquisition plans collaboratively based on costs today and into the future. ✍️ Go to http://planful.com/heretics to see how you can transform your HR strategy.Metaview is the AI assistant for interviewing. Metaview completely removes the need for recruiters and hiring managers to take notes during interviews—because their AI is designed to take world-class interview notes for you. Team builders at companies like Brex, Hellofresh, and Quora say Metaview has changed the game—see the magic for yourself: https://www.metaview.ai/hereticsKEEP UP WITH GUISSU, NOLAN, + KELLI ON LINKEDINGuissu: https://www.linkedin.com/in/guissu/Nolan: https://www.linkedin.com/in/nolan-church/Kelli: https://www.linkedin.com/in/kellidragovich/—LINKS:General Catalyst: https://www.generalcatalyst.com/General Catalyst's Equity Refresh Survey:https://www.generalcatalyst.com/perspectives/equity-refresh-survey-2024Related Podcast:How Big Should Your Org Growhttps://hrheretics.substack.com/p/how-big-should-your-org-grow—TIMESTAMPS:(00:00) Intro(00:13) Key Findings of the Equity Refresh Survey(06:03) Treating Equity as Carefully as Cash(07:11) Vesting Schedules and Equity as a Long-Term Incentive(08:23) The Debate on Vesting Cliffs in Refresh Grants(09:46)The Logic and Challenges of Refresh Grants(11:43) The Importance of Paying for Performance(14:34) Sponsors: Planful | Metaview(16:40) Challenges in Designing Equity Refresh Programs(19:07) Different Approaches to Refresh Grants(25:24) Retaining Top Performers(28:51) Connecting New Hire and Refresh Ranges(29:25) Equity Choice and Fairness(30:49) Equity Trade-Offs and Innovation(32:57) Collaboration between HR and Other Departments(37:11) Facilitation as a Key Skill for HR Leaders(40:28) Branding and Executive Involvement in Training(43:30) The Reputation of Lawyers in the HR Profession(44:54) Risk Calculus and Cultural Risk(46:02) Communication as a Key to Problem Solving(47:37) One-Way Door and Two-Way Door Decisions(47:55) Wrap This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hrheretics.substack.com

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“What did the council decide on item 42?” — answered with the speaker and the moment.