Standardized compensation helps you plan better, pay fairly and preserve cash and equity runway. That’s why we built Hiringplan.io, a free, easy-to-use headcount planning tool with built in compensation market data.
Great idea. A first-time founder recently asked me for compensation advise. While every company is unique (especially those distributed), it's important to setup fair compensation from the beginning. A big mistake some people make is overpay specific individuals which can create major imbalance across the team.
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I'm an entrepreneur turned VC that has always been in charge in setting up compensation plans for my companies as a founder and now as a VC I help my portfolio companies recruit and retain talent, these tools will help me help them better. Super useful.
Pros:
Super simple to use and very helpful when you are planning your burn, runway, funding needs and recruiting
Cons:
Limited geographies for now, but still super useful
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For a startup of our size (~30) employees, Hiringplan and the LTSE tool sets are an amazing value add.
As the Director of Growth, one of my responsibilities is to help forecast the growth of the Sales, Support and Marketing teams.
After playing around with both Hiringplan and Startup Runway, I had to show my teams accountant. Funny thing is, she was so impressed, she had to share the tools with her network.
Not only is the tool gorgeous to see, its great to be able to identify what tools and positions really draw the most resources.
Visualizing the direct and forecasted ROI of both my tech stack and my team is really amazing in how it helps me forecast future requirements.
Pros:
-Easy to setup and really intuitive
-ROI Tracking for Employees, Forecasted Headcount, Monthly Burn Rate
-Beautiful UX
Cons:
-Dependent on Connery Market data
-Standalone application, no integrations as of yet.
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Thanks Grant. What are some of the integrations you'd like to see in Hiringplan?
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I love the idea of being able to track outstanding shares and such but came across a few bugs, such as not being able to add employees pre-2016 and being asked their gender/ethnicity. Also, I had to hack the system to get an advisory board added in.
Pros:
Great idea and want to use it
Cons:
A few bugs and idiosyncrasies
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Austin, thanks for trying Hiringplan and leaving your comment. I fixed the date selection to allow employee start dates and scenario dates to go back further in time (we focused so much on future planning we didn't account for going far in past). Also, gender and ethnicity data is optional (and you can always select the "none specified" option).
I would love to learn a bit more about what you needed to do to get the advisory board added. Was this because you were only adding people that have equity and no salary?
I continue to be impressed by what Eric and the LTSE team has been shipping to help founders. The software isn't just useful, it's beautifully designed, too
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I just had a quick run through and this seems the perfect tool set for hiring and planning budgets ahead, I'm trying in the seed stage and this seems a great tool for us to plan and expand.
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I'm an entrepreneur turned VC that has always been in charge in setting up compensation plans for my companies as a founder and now as a VC I help my portfolio companies recruit and retain talent, these tools will help me help them better. Super useful.
Pros:Super simple to use and very helpful when you are planning your burn, runway, funding needs and recruiting
Cons:Limited geographies for now, but still super useful
For a startup of our size (~30) employees, Hiringplan and the LTSE tool sets are an amazing value add.
As the Director of Growth, one of my responsibilities is to help forecast the growth of the Sales, Support and Marketing teams.
After playing around with both Hiringplan and Startup Runway, I had to show my teams accountant. Funny thing is, she was so impressed, she had to share the tools with her network.
Not only is the tool gorgeous to see, its great to be able to identify what tools and positions really draw the most resources.
Visualizing the direct and forecasted ROI of both my tech stack and my team is really amazing in how it helps me forecast future requirements.
Pros:-Easy to setup and really intuitive
-ROI Tracking for Employees, Forecasted Headcount, Monthly Burn Rate
-Beautiful UX
Cons:-Dependent on Connery Market data
-Standalone application, no integrations as of yet.
I love the idea of being able to track outstanding shares and such but came across a few bugs, such as not being able to add employees pre-2016 and being asked their gender/ethnicity. Also, I had to hack the system to get an advisory board added in.
Pros:Great idea and want to use it
Cons:A few bugs and idiosyncrasies
Business Dad with Alexis Ohanian
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