Hiringplan

Hey Product Hunters, Most startups 'wing it' on compensation until after their first or even second priced round. Salaries and option grants are often sized by negotiation, headcount planning and budgeting tends to be reactive, and serious problems with cash/equity runway or unequal pay often creep in. Our new product Hiringplan is a free headcount planning tool with built-in compensation benchmark data - we teamed up with industry leaders Connery Consulting to offer the first high-quality compensation dataset that is openly available and free of charge. Hiringplan enables startups of all sizes to adopt standardized, market-based compensation, plan and budget more accurately, preserve runway, simplify salary negotiations and monitor for under representation or unequal pay. We hate spammers and privacy abusers too. Please find our privacy policy here. https://ltse.com/tools/privacy Interested in our other tools for company builders? https://ltse.com/tools We’ll be checking this page all day, so please share your comments, product reviews and feedback. 🍰 Cheers!

Thanks everybody for your support. Looking forward to hearing your feedback on Hiringplan. Software is core to our mission at LTSE, and Hiringplan is the latest addition to our software platform. As founders, we’re responsible for being good stewards of our resources. Comp is one of the most important decisions a founder makes because most of our funding, and a significant share of our equity, is used to hire and retain our teams. In my own startup career, I’ve seen the value of adopting a consistent comp philosophy from the beginning, and Hiringplan.io allows you to do that with standardized, market data. Plus it’s free! We hope you’ll give it a try and let us know what you think.

It took a total of about 4 mins (including account setup) to start thinking of the formerly rather tedious process of compensation planning as actually fun, informative, and a breeze. This is super-useful for all scaling companies as well as for candidates evaluating any offers w/ equity (especially if you're relocating). It easily systematizes levels of comp across the company (this is the hole many scaling cos fall into poorly and start seeing wide variations in comp across different teams).

I wish I had this at every one of my previous companies and will be enthusiastically putting it to good use. Well done LTSE team!

Pros:

Easy setup, great UX, critical information easily surfaced, tremendously simplifies & shortens a key process in company building

Cons:

If you're building in an area not yet covered by Connery data you'll have to be a tad patient (but you can still get familiar w/ the tool!)

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.

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

Great idea, really nice and easy to use. 1. Could it please remember your location based on your last employee selected? 2. Coudl you allow regions outside of the US (i'm in London, UK) 3. Could you also allow £ instead of $ Internationalizing it or at least allowing people to customize it if they are non-US would be so useful!

It looks super interesting! Curious to know if your system helps me see how much *bad hiring* costs me over a period of time. It happens with many teams, and to know how much the bad hiring costs them, should be a welcome differentiator.