Excerpt: Preparing for IPO as a Chief People Officer
1. What are the top things a CPO needs to do to be successful leading their organization through an IPO?
Regardless of how transparent the company has previously been, the IPO pre-work is highly confidential and it cannot spread across the organization. The IPO process is important to everyone at the company, but not everyone can know the details. As such, your company leadership must be prepared for a shift towards less transparency.
A lot of your work as Head of People will be focused on compensation. My advice is to hire a comp consultant early and they’ll be able to guide you through the process. Being aligned with your CEO on the compensation philosophy is also important, and having a compensation consultant early on will help expedite this alignment. Moreover, tap your peers and understand how comparable companies handled the process, as this will also make it easier to align with your CEO on your company’s compensation philosophy.