Comp and Coffee
Ep 33 - The Comp Strategist (part 3)
Aug 20, 2019
Exploring the evolution of the compensation strategist, focusing on becoming a business ally. Discussing the impact of real-time data, senior management's focus on employee engagement, balancing fairness and individual value in compensation, effective communication for business success, and upcoming events and industry guidance.
24:16
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Quick takeaways
- A Comp Strategist must utilize technology to communicate compensation value effectively and engage in strategic conversations with executives.
- Comp professionals should align compensation strategies with business metrics to elevate strategic influence within the company.
Deep dives
The Role of a Comp Strategist in Organizations
A key point discussed in the podcast is the significance of a Comp Strategist being organized and having access to real-time customized data essential at the job level. By utilizing technology effectively, a Comp Strategist can communicate the value and mechanics of compensation across all levels in an organization, fostering better understanding among employees and managers. This approach enables them to engage in more strategic conversations with executives, positioning them as strategic business allies.
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