How Berneron Attracts and Compensates Talent

Andy asks about hiring pitch; Sylvain details transparent salary grid, career layers, and employee equity program.

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Sylvain Berneron is in high demand, and so are his watch designs. Just last week, a 34-millimeter version of his debut time-only watch, the Berneron Mirage, came up for public auction for the first time, and bidding soared beyond the CHF80,000 high estimate to fetch a staggering CHF241,300, including fees. Having previously worked in the automotive industry with BMW, Berneron is a designer who has now chosen watchmaking as the canvas to express himself and his ideas.

After departing the big brand corporate atmosphere of Breitling, he's enjoyed significant success so far with his own brand and has just unveiled his second collection - Quantième - and an annual calendar that brings a unique, yet superbly finished, movement architecture to the complication that aims to simplify setting and provide a stress-free experience for the user. Sized at just 38 millimeters in diameter and 10 millimeters thick, the dial design is both stunning and innovative in the way the time and date are displayed, while the platinum case features removable (and replaceable) steel elements that act as bumpers and guards for the precious metal.

But this podcast is about business, and Berneron indulged us with a lengthy, candid, and exceedingly in-depth discussion about his plan for building a brand and sustainable company that bears his family name. He tells us why he's set up shop in a Swiss industrial park, the business strategy behind limiting production to less than 25 of each specific watch per year, and why he's turned down creative jobs at Rolex and tens of millions of dollars in financing from potential investors despite having barely a holiday or weekend off for the last half-decade. It's a deep dive into the business strategy and plan of a young, driven, red-hot watch brand that's trying to make it for the long haul. We hope you enjoy.

Show Notes:

3:20 Berneron Quantième Annuel

4:45 Berneron SA

6:20 Panerai manufacture in Neuchatel

13:00 BMW Research and Innovation Centre

13:40 Breitling

18:20 Ben Clymer on founding Hodinkee and a professional life in watches

24:00 White label watch manufacturers in Switzerland include companies like Roventa-Henex

25:50 Swiss watch components makers include companies like Acrotec, the biggest supplier

32:15 Breitling Sells Controlling Stake to CVC Capital

32:50 Nicolas G. Hayek Sr.

40:20 Building Resilient Teams: What Business Can Learn From Military Cohesion