PX Espresso☕with Luke O'Mahoney 007 - Matt McFarlane - How to Create an Equitable, Transparent, and Consistent Compensation Philosophy for Remote-first Global Hiring
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Boom! 💥
Another week, another really great conversation to share with you all🤘🏻This week I am joined by Matt McFarlane, Snr People Experience Director @ Oyster.
Oyster are one of the most unique (and cool) People team set ups I have come across. Matt talks through the structure a little in our chat, but the umbrella term for the People part of the business is "Workplace Team", under which there are functions you might expect, like:
✅ Workplace Design
✅ Talent Acquisition
✅ People Experience
And some you might not, like:
🤔 Programme Management
🤔 Internal Comms & Events
🤔 IT (yes, org wide IT!)
It's a really great set up which makes a ton of sense to me. I hope Matt will join me again to talk this through in detail as it wasn't the main focus of our chat.
We covered topics like:
- Psychology as a base for a career in People / HR
- The transition from HR to People Experience
- Moving away from the semantic connotations of “Human Resources”
- PX as an enabler of people and performance
- Remote and Hybrid workplace design
- Continuous Performance Management / open feedback loops
But the main practical takeaway, Matt walked me through the Oyster Band Index (OBI) - Their approach to compensation levelling and creating a equitable, transparent, and consistent compensation philosophy for remote-first global hiring.
As always, I really enjoyed this conversation and I hope that you do too 🤘🏻🎙️
Guest Bio:
Matt McFarlane is the Senior Director of People Experience at Oyster, a global employment platform that makes it possible for companies everywhere to quickly and compliantly hire talent anywhere. Matt is experienced working across complex, globally distributed environments and is passionate about building commercially focused and people-centric workplaces.
Contact Matt:
Email: matt.mcfarlane@oysterhr.com
Matt McFarlane | LinkedIn
Contact Luke:
Email: luke@sapienx.co.uk
Luke O'Mahoney | LinkedIn
🎵Music Credit: Anton Vlasov from Pixabay🎵
If you like the podcast, you may want to sign up to the PX Espresso Newsletter ☕ the weekly newsletter for People people who think like Product people.
Music by Rockot from Pixabay