FNDN Series
Welcome back to the FNDN Series, where we continue our deep dive into startup compensation with industry leaders from across the startup world. In our conversation with Rowan Savage, Former CTO & Co-Founder at Runn, we explore how unconventional compensation practices can drive zero turnover and 100% employee net promoter scores. Rowan shares how Runn implemented automatic pay rises, pay transparency with exact salaries (no bands), location-agnostic compensation, and the radical practice of paying every role the same at each level—from engineers to marketers. We dive deep into their four-day work week, recruiting philosophy that attracted top 1% talent, and performance management approach that separated pay from performance discussions. Keep watching to discover how these practices resulted in annual pay reviews taking less than five minutes instead of weeks or months.’ Rowan is a serial entrepreneur and tech founder with a strong belief that the way you win is by attracting the best talent, putting the right team together, retaining them over the long term, aligning them on the mission and then unleashing them to do their thing. Rowan was recently the chief technology officer, and one of 4 co-founders at Runn. A fast-growing startup that’s embedded many of these ideas at the core including transparent pay, aysnc remote, worldwide hiring, flexible working hours and let’s not forget a 4 day work week. Chapters: 00:44 Guest Introduction: Rowan Savage 01:48 Philosophy: Building High-Performing Teams 03:13 Consulting Top Talent Before Starting 05:37 People Operations Without HR Experts 08:20 Creating an Employee-Centric Culture 10:04 Redesigning Employment Contracts 13:05 Beyond Compensation: Building Your EVP 16:47 The ESOP Reality in New Zealand 19:42 The Contract as a First Impression 22:15 Hiring Process: Identifying Top Performers 24:05 Recruiting Through Community, Not Job Boards 24:48 Writing Job Ads That Attract Attention 27:09 Long Interview Processes Done Right 30:01 Investing Equal Time as Candidates 31:17 Scaling the Hiring Process 32:56 Attraction Strategy: Making a Great Workplace 34:30 Achieving 100% Employee Net Promoter Score 41:25 Automatic Pay Rises Based on Experience 44:24 Location-Agnostic Global Compensation 46:07 Five-Minute Pay Reviews vs Months-Long Cycles 47:27 Why Performance Comparisons Never Came Up 50:57 Eight-Week Cycles and Performance Tracking 52:34 Sandbagging vs High Performance Culture 54:12 Lessons Learned: Leadership Alignment Challenges 57:46 100% Retention in Engineering Team 59:35 Advice: Focus on People from Day One Connect with Rowan https://www.linkedin.com/in/savagerowan/ [https://www.linkedin.com/in/savagerowan/] Resources Mentioned Runn - Resource management platform for B2B SaaS companies Buffer - Known for pioneering pay transparency practices Atlassian - Australian software company referenced for compensation benchmarks Culture Amp - People and culture platform GitHub - Platform for software development Canva - Australian design platform Company Mentioned: Runn - Resource management platform for B2B SaaS companies Buffer - Company known for pay transparency practices Culture Amp - People and culture platform Atlassian - Australian software company Canva - Australian design platform GitHub - Software development platform Tools Mentioned: DISC Assessment - Personality and behavior assessment tool used by leadership team More FNDN Episodes: Spotify: https://open.spotify.com/show/4GeBIeZOKrFxG1oiiPxmiM [https://open.spotify.com/show/4GeBIeZOKrFxG1oiiPxmiM] Apple Podcast: https://podcasts.apple.com/us/podcast/fndn-series/id1794263484 [https://podcasts.apple.com/us/podcast/fndn-series/id1794263484] __________________________________________________ StartupCompensation, PayTransparency, CompensationStrategy, AutomaticPayRises, LocationAgnosticPay, FourDayWorkWeek, HighPerformanceTeams, ZeroTurnover, EmployeeNetPromoterScore, PayEquity, TalentRetention, StartupCulture, RecruitingStrategy, PerformanceManagement, EmployeeEngagement, CompensationFrameworks, StartupBestPractices, PeopleOperations, RemoteWork, GlobalCompensation
37 episodios
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