LEARN Podcast Building the Right Compensation Program with Lexi Clarke, CPO, Payscale (Ep. 20)
Compensation comes in all shapes and sizes, but no matter what your program looks like, it is fundamental to your relationship with your employees. This is why businesses are learning how to make their comp programs even more competitive in order to retain their best performers.
“Compensation and transparency are a journey, not a destination. You constantly have to be thinking about and revisiting the different ways in which you’re not transparent or the things that, as an HR professional, you might think, ‘Well, everybody just kind of logically knows that, right?’ And the truth is, that’s often not the case,” says Lexi Clarke, Chief People Officer at Payscale.
In this episode, Lexi sheds light on what makes for an effective compensation program. Along the way, she shares how her company transitioned to being fully remote and how they’ve handled their comp program with a global workforce.
In this episode, you will gain insights into:
- Practicing transparency is your form of currency with your employees
- Regularly looking at current comp market data is crucial for providing competitive packages
- Going remote allows you to re-invest money into developing company culture across several different locations
Tune in on your go-to podcast app to understand how to elevate your company’s compensation programs to retain top talent.
Resources:
- Payscale
- WorkRamp