"We are publishing best practices that I wish I had access to in the early days of Revolut," said Storonsky, who co-wrote the playbook. He emphasizes the importance of sharing effective strategies, highlighting that learning from others' experiences can significantly influence a startup's trajectory.
"Treat performance as a priority and focus on A-players. Set a performance team. One to two operators should manage performance processes," encourages Storonsky. This directive underscores the need for a focused approach to building high-performing teams from the outset.
"Standardise assessments. Reviews should be a quick quarterly process that saves managers' time. Standardise promotions, but also identify underperformers early with automatic triggers that keep the bar high," he elaborates on creating structured procedures that facilitate consistent talent management.
QuantumLight's playbook offers seven main tips for driving high performance, addressing everything from identifying outstanding talent to maintaining competitive compensation, which collectively reflects a comprehensive strategy for fostering success in startups.
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