HR Unplugged

Sharing Your Compensation Philosophy in the Interview Process—How, When, and Why

Jun 11, 2024
John Baldino, President of Humareso and an HR expert with over 30 years of experience, discusses vital aspects of a clear compensation philosophy. He highlights the importance of accurate job descriptions over inflated titles to ensure employee satisfaction. Baldino also delves into using data analytics to promote pay equity and address salary outliers. He emphasizes the need for transparency in compensation discussions during the hiring process, advocating for open communication to align hiring practices with organizational needs.
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ADVICE

Compensation Philosophy Importance

  • Having a compensation philosophy is crucial for businesses, but some are intimidated by the term.
  • Start with data-driven insights in small steps to make it manageable.
ADVICE

Data-Driven Compensation

  • Buy compensation data from reputable sources, not self-reported ones, as they may be unreliable.
  • Consider an annual subscription to a data platform that covers your geographic needs, job descriptions, and duties.
ADVICE

Job Descriptions over Titles

  • Don't solely rely on job titles for compensation; focus on duties and responsibilities.
  • A marketing manager's role can vary across organizations, so consider the specific tasks and skills.
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