The Ultimate Coda Handbook for People & HR Teams

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The Ultimate Coda Handbook for People & HR Teams

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7. Compensation & Benefits
7. Compensation & Benefits

Docs:

Compensation

Benefits Proposal? (to build)

Family

https://coda.io/d/Coda-Family-Program_dN1yCvO2w1m/Paid-Parental-Leave_suc6a?searchClick=7b583b18-425e-4985-94e2-64165c2ec050_N1yCvO2w1m#_luAVg⁠

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Sequoia renewal

https://coda.io/d/23-24-Sequoia-One-Renewal_dGgHA2vh7yq/New-Opportunities_supjf?searchClick=1ee2ae90-ff7d-4387-876d-f4e4a4bcb675_GgHA2vh7yq#_lunSr⁠

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doc where you update a table and the referenced canvas formula updates too:

https://coda.io/d/Renewal-Proposal_dLUTI2f4zbg/Renewal-Proposal_sucgn#_luyRj⁠

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HR Compensation Tooling and Benefits Proposals

HR compensation tooling and benefits proposals can be problematic for several reasons. Firstly, these tools may not accurately reflect the current job market, leading to under or overpayment of employees. Additionally, benefits proposals may not adequately meet the needs of all employees, leading to dissatisfaction and turnover. Finally, the implementation and management of these tools and proposals can be time-consuming and costly for HR departments. It is important for companies to regularly review and update their compensation and benefits strategies to ensure they are competitive and meet the needs of their employees.

Problem/Solution Set still WIP and the ones below may be outdated. Refer to updates in
`The Ultimate Coda Handbook for People & HR Teams`⁠

Problem: Not only are spreadsheets scary, they can be standalone and refuse to update your proposal.

Spreadsheets can be intimidating. Numbers on numbers, those gridlines, and those tiny cells. And what if you want to do more than compute like share out the information in a more digestable manner? Don’t forget behind every number is a story and narrative to be told. Are you to have a separate write-up for the proposal plus the slide deck and then that spreadsheet to show you the numbers? And each time you recalculate your numbers because of a correction or new data you forgot to include (we’ve all been there), you have to manually update your other materials that referenced that previous metric. Yikes.

Solution: Confidently track, report and propose in Coda in the most digestable way.

For Excel wizards, sure this may be possible. There are so many beautiful spreadsheets out there but it’s not the norm. Coda simplifies this in a comfort of a doc. You can have your words and your data too; and the best part? They all talk to one another. You can easily reference your proposed budget in a neat write-up. And when you make that recalculation, the referenced numbers in your proposal update too. Smooth like butter!

Coda templates we’ll be highlighting:

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Compensation Tracker Template coda.io⁠

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Before you click open the template, let us walk you through them:

Solutions you’ve been looking for.

TKTK

Story arc:

keep track of compensation > don’t forget about benefits - nail your next proposal in Coda

Nail compensation management the first time

We all know the importance of compensation management — it’s vital for employee motivation, job satisfaction, and productivity. It’s an overwhelming space involving many variables like salary, bonuses, equity, cap tables, and board approvals that everybody wants to get right the first time with no errors. Each of those variables are enough to make one’s head spin, yet there doesn’t seem to be a good solution amongst popular processes and tools. It’s difficult to centralize all the various spreadsheets you use to effectively track, push out communications, and hold proper space for easy collaboration between multiple stakeholders. With Coda we’ve combined those very complex elements into one centralized doc where you can run clean workflows around compensation, manage your cap table, create custom views and share relevant information to stakeholders without sharing all the nuts and bolts.

People teams have the unique position of not only strengthening and elevating the way their functional teams work but simultaneously propelling the broader company forward and this is a prime area that you can knock two birds with one stone by nailing your compensation management process with this template.

How highlights:

Transactions - every row is a transaction

using formulas

detail view

summary page

doesn’t have to be a fussy spreadsheet

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Check out the template:
Template for Compensation Tracker
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Gallery

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7. Compensation & Benefits7. Compensation & Benefits