Roxanne Petraeus, CEO of Ethena, discusses the overlap between compliance and compensation, the impact of regulations and remote work, and the importance of measuring outcomes and promoting pay equity in this insightful podcast.
Compliance training should focus on education and behavior change, going beyond meeting legal requirements.
Embracing pay transparency and addressing disparities in gender and race is crucial for creating an equitable work environment.
Deep dives
Athena's Approach to Compliance Training
Roxanne Petreas, co-founder and CEO of Athena, a compliance software company, explains that their approach to compliance training goes beyond simply checking a legal box. Athena focuses on education and behavior change, providing training over time with relevant information and scenarios to keep topics top of mind. They also use data and analytics to measure employee learning and comfort with reporting issues. This approach ensures that companies not only meet legal requirements but also derive value from their compliance efforts.
The Inspiration Behind Athena's Compliance Focus
Roxanne shares that her inspiration to build a compliance company came from her experiences in the army and at McKinsey. In the army, she encountered ineffective compliance training that was often considered a joke. At McKinsey, she observed a similar focus on checking the compliance box rather than driving behavior change. Recognizing the need for effective compliance training, she decided to start Athena. Her experience in the military and exposure to corporate training motivated her to create a company that emphasizes education, behavior change, and reducing the likelihood of compliance incidents.
The Increasing Importance of Compliance and Pay Equity
Roxanne highlights that compliance, along with topics like pay equity and diversity, have evolved from mere legal and HR issues to become strategic priorities for companies. Factors such as employee experience, talent acquisition, generational change, and regulatory requirements have contributed to this shift. Companies now recognize the value of valuing employee experience, promoting inclusivity, and addressing compliance issues. Roxanne also emphasizes that embracing pay transparency and addressing disparities in gender and race is crucial for creating an equitable work environment.
Kaitlyn Knopp talks with Roxanne Petraeus, CEO and Co-Founder of Ethena, about how her experience as an Army officer led to founding a compliance training platform, and the overlap between compliance and compensation. Topics include:
How well-intentioned regulations may not always result in the intended outcome
What private companies can learn from the Army’s radically transparent compensation structure
The impact of remote work on performance, compensation, and culture
To learn more about Ethena’s compliance training, visit Ethena.
Pequity is the leader in intelligent compensation software founded on the principles of fair pay and opportunity for all. To learn more visit Pequity.
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