Bill, Matt, & Russ discuss why getting job descriptions right is the critical first step in analyzing and establishing gender and racial pay equity.
Kim, Erica, & Russ take a deep look at the concept of salary structures. Why do comp professionals spend so much time with them? What are the different types? When should you consider, for example, job-based ranges over traditional grades and structures and vice versa?
In this episode, Bill, Matt, & Russ discuss the questions that most compensation practitioners are asking themselves now: How unique are the current economic conditions and talent market? What are going to be the challenges of getting accurate market data for 2020? Are their opportunities to look to the past for guidance? Are there risks?
Just as everyone seems to be adjusting to the new normal of working from home if possible, the country is starting to reopen and businesses are now focusing on trying to determine when and how to return to work post COVID-19 shutdowns. In this episode, Matt, Bill, & Russ discuss what we're hearing and seeing regarding the details, approaches, and challenges organizations are working through to safely and efficiently open while meeting the evolving expectations and concerns of their talent. W...
To help facilitate communication in these uncertain times Payfactors has been hosting virtual industry meet-ups of compensation and HR professionals. To date, we've met separately with members of several different industries including hospitality, airline, retail and healthcare. In this episode, Matt, Bill, & Russ discuss the trends, topics, and insights that have come from the practitioners on the front line. Would you like to leave us feedback? Email us: [email protected]...
On this episode we're joined by Margarita Wear from the Maier Law Group in San Rafael, California. https://maierlawgroup.com/margarita-wear Margarita talks with us about California's assembly bill 5 (AB-5) law and what it means for HR and compensation pros. Relevant links: Vox Cuts Hundreds of Freelancers: https://www.latimes.com/business/story/2019-12-17/vox-media-cuts-hundreds-freelancers-ab5 Instacart Likely to Flunk AB5: https://www.sfchronicle.com/business/article/Court-says-Instacart-flunk...
We continue our discussion from episode 46 and dive into practical ways you can think about measuring and communicating the results of compensation management.
Tessa joins Kaite, Bill, and Shawn to discuss the findings of a recent survey on the measurement of compensation that was done with Human Capital Media. Download the survey report at: https://info.payfactors.com/comp-measured-report-lpnd Listen to the webinar to get further into it: https://info.payfactors.com/how-is-comp-measured-2020-lpnd Glossy/Matte photo of Bill? [email protected]...
On this episode we're joined by Russ Wakelin, chief experience officer at Payfactors. Russ talks with us about compensation strategy being at the center of profit, risk, and growth. We also discuss how compensation pros can better align with these drivers to show the values of compensation to executives. Link to Arizona Total Rewards event where Russ will be speaking in Feb 2020: https://aztotalrewards.com/meetinginfo.php?id=70&ts=1579716316...
Before we dive fully into 2020, we look back at the happenings of 2019 through the eyes of compensation. A comp retrospective, if you will. Links to items we mention: Massachusetts Equal Pay Act (July 2018): https://bit.ly/30kDsi7 Minimum wage changes in 2020: https://abcn.ws/30jnvc8 Minimum Wage Map: https://www.minimumwagemap.com/ The NYT article on tax cuts: https://nyti.ms/2Tu686S The LA Times article on the same topic: https://bit.ly/30kcU0B Upcoming W@W Webinar, "How Should Compensation Be...
In this episode we discuss the importance of job descriptions, why compensation should own them, and then we cover some ways that keeping them updated can be relatively painless.
We talk a lot about how technology has changed compensation. But we don't often discuss how technology has changed how we work in general. In this episode we step back and do just that. We also discuss how to use technology in the right ways to help your productivity.
In this episode we discuss minimum wage changes and the associated compression that can occur with them. To access the interactive Minimum Wage Map we mention, go to https://minimumwagemap.com/
In this episode we give a quick recap of the only compensation conference that matters, CompCon. You can keep up to date with CompCon 2020 happenings at https://compcon.com/ Here are the links mentioned in the episode: Gummy Bear Song (don't listen -- it'll get trapped in your head): https://www.youtube.com/watch?v=astISOttCQ0 David Goggins on Comp & Coffee: https://payfactors.com/david-goggins-comp-coffee/ BJ Fogg Tiny Habits(tm): https://www.tinyhabits.com/...
As our team gets ready for the second annual CompCon in San Francisco today, we're joined in this episode by our very own Kim Taylor, CCP, GRP. Kim joins us to discuss median versus outliers and what a focus on each means to compensation strategy.
On this episode we talk about some recent articles that featured compensation news, including searching for a higher paying job and on-demand access to earned wages. Fortune article, "If You Want a Higher Paying Job, the Time to Quit is Now": https://fortune.com/2019/09/24/should-i-quit-for-a-higher-paying-job/ The Hustle, "The perk of werk: Companies are using ‘accelerated pay’ to entice new employees": https://thehustle.co/09232019-accelerated-pay-wages/...
Bill's still on his trip to Tahiti. Kaite's still out running errands. And Shawn's still doing pull-ups thanks to that last podcast . So today we're delivering the audio of a recent webinar we did in partnership with The Predictive Index . The topic was reducing pay inequality, and Payfactors' very own Kim Taylor joined Jackie Dube, VP of Talent Optimization at The Predictive Index to chat pay inequality and associated audits. Want to hear more on this topic? Join us at CompCon on Oct 21-22 in S...
David Goggins, author of "Can’t Hurt Me: Master Your Mind and Defy the Odds" joins us to talk about his incredible life and what he learned along that way from perpetual victim to active duty Navy SEAL to world class ultra athlete and world record holder. If this man doesn't serve as an inspiration, I'll need to check your pulse. David covers: * Callousing your mind * Being uncommon amongst uncommon * Why you need a good cookie jar * The one thing he asks of you if you're coming to see him talk ...
Cole Nussbaumer Knaflic from Storytelling with Data joins us on this podcast. Cole was previously on the people analytics team at Google. She joins us to talk about: How to tell stories with data, and how to get people to remember what you want them to How to prepare for a key presentation Key tips and tricks to help sway your audience Check out Cole's book, " Storytelling with Data: A Data Visualization Guide for Business Professionals " that's out now, and pre-order her upcoming book, " Storyt...
On this special episode we cover the Business Roundtable's recent statement about taking all stakeholders -- not just shareholders -- into account, and what it means for compensation. You can read the statement here: https://www.businessroundtable.org/business-roundtable-redefines-the-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans Other things we mentioned: - Salesforce's 1-1-1 pledge: https://www.salesforce.org/pledge-1/ - B-Corp: https://bcorporation.net/ - CompCon (J...
Today we wrap up our conversation around the evolution of the compensation strategist. The topic is becoming a business ally, and when you achieve it, you know you're at your best, doing what comp was meant to do. If you're interesting in having further conversations around this topic, reach out! [email protected] . 🎉🎉And join us at CompCon - https://compcon.com/ 🎉🎉 Download the eBook mentioned in this ep...
In the first part of this series, we covered the foundational element of becoming a comp strategist -- being organized with all your data in one place so that tech is your analyst and you're not longer continually reactive. In this second part, we discuss what to do with the time you have freed up. Namely, communicate across your organization so everyone understands why they're paid what they're paid. Want to participate in conversations like these? Attend CompCon this Oct in SF!...
On this episode we start a three-part series on compensation strategy: what a compensation strategist is, how their day-to-day is different, and how you can become one. Want to learn more about the changes happening in compensation and how you can adapt to them strategically? Register for CompCon in SF Oct 21 - 22.
In this episode we talk with Dr. Achyuta Adhvaryu , assistant professor at the University of Michigan. He recently completed a study on soft skills in the workplace, finding that soft skills training on-the-job boosts worker productivity and generates large returns for the firm. Link to study: https://www.nber.org/papers/w24313.pdf
Heading into the July 4th holiday in the US we discuss the value of vacations and how they can affect your company. Stats we cite during the podcast: Vacationers experience an 82 percent increase in job performance 34% take under half of their allotted PTO time each year For the first time in recorded history, more than half of Americans (55%) left vacation days unused, which equates to 658 million unused vacation days. ("Americans are effectively volunteering hundreds of millions of days of fre...
You've no doubt received this question in interviews. "What's your biggest weakness?" But this episode goes well beyond that. We welcome Rick Mace, former startup CEO and current executive partner at Siris Capital to the podcast to discuss: * Why your strengths are also your weaknesses * How you can identify your strengths (and weaknesses) * A real-time strengths and weaknesses identification Did you catch that this week's topic is strengths and weaknesses?
In this episode we welcome Mike Zani, CEO of The Predictive Index. Mike joins us to talk about compensation from a CEO's perspective, what an enlightened talent leader is, and why it's better to make errors of action than errors of inaction. Items mentioned in this podcast: The Predictive Index: https://www.predictiveindex.com Jim Collins's books: https://www.amazon.com/Jim-Collins/e/B001H6GSHK QBQ: https://www.amazon.com/QBQ-Question-Behind-Practicing-Accountability-ebook/dp/B000OIZUQW Play Big...
One this episode of Comp & Coffee we cover focus. Or, more specifically, how can you get stuff done with all the distractions that abound? Here's a list of links we discuss during the podcast: Recode, Decode podcast — with Jason Fried of Basecamp Noisli Coffitivity One Thing by Gary Keller Rework by Jason Fried and David Heinemeier Hansson It Doesn’t Have to Be Crazy at Work by Jason Fried Like thinking differently about compensation? Then join us at CompCon, Oct 21-22 in San Fran: http://co...
In this episode we're joined by Kim Taylor, CCP, GRP. Kim joins us to talk about salary structures. We cover the basics of what they are and what they're put in place, but this wouldn't be Comp & Coffee without a stir. So we talk about other ways to tackle this concept, as well. Like conversations like this? Then join us in Oct in SF for CompCon. ( http://www.compcon.com )
In this episode Shawn and Kaite welcome John Sutliffe. John joins us to talk about a survey he recently completed in conjunction with Human Capital Media, and what the findings mean for the future of compensation data.
