Donald Knight, Chief People Officer at Greenhouse Software, and Tisha Petty-Wilson, Director of People Rewards at Greenhouse Software, discuss pay transparency, compensation and equity practices, onsite and remote negotiations, the importance of compensation and equity in creating a successful work environment, the impact of flexible structures on the advancement of underrepresented groups, providing context and using HR tech software, navigating Greenhouse's current practices and future goals, and recognizing exceptional individuals in HR teams.
Equity is crucial in compensation, giving individuals what they need based on their circumstances.
HR should strive to become an accelerator, enabling talent attraction, growth, and even revenue generation.
Clear documentation, effective communication, and education are essential in navigating complex compensation systems.
Deep dives
Philosophy of Compensation: Equality vs Equity
The podcast episode discusses the distinction between equality and equity in compensation. It emphasizes the importance of treating people equitably rather than equally. Equality means giving everyone the same thing, while equity means giving individuals what they need based on their specific circumstances. The episode highlights the significance of providing context and multiple resources when communicating compensation to ensure fairness. The goal is to enable leaders to make informed decisions while considering various factors, such as job scope and market trends.
The Evolution of HR: From Expense Center to Accelerator
The podcast explores the changing role of HR and people teams in organizations. It suggests that HR should aim to move beyond being viewed solely as an expense center and strive to become an accelerator. This involves enabling the attraction and retention of top talent, finding ways to accelerate the growth of both employees and the business, and even potentially generating revenue. The episode highlights the importance of adopting a forward-thinking mindset, being open to new practices, and leveraging technology and resources to scale and support the organization's goals.
Navigating Complex Compensation Systems
The podcast delves into the challenges of navigating complex compensation systems, particularly in a remote and hybrid work environment. It emphasizes the need for clear documentation and systems to ensure fairness and consistency. The episode emphasizes the value of having multiple resources and guardrails to guide compensation decisions. It also acknowledges the importance of effective communication and education to help employees and leaders understand compensation philosophies and practices. Additionally, the podcast highlights the benefits of utilizing HR tech software and tools to streamline compensation planning and ensure scalability.
Pay Transparency and the Changing Talent Landscape
The podcast examines the impact of pay transparency on talent acquisition and retention. It acknowledges the increasing importance of pay transparency due to changing laws and a tighter talent market. The episode highlights the shift towards candidates seeking organizations where pay is openly disclosed and where they can trust that they are being compensated fairly. It emphasizes the need for organizations to adapt to this new reality and consider the wider talent pool they are competing in, both locally and globally. The episode suggests that pay transparency should be accompanied by clear communication and education to ensure understanding and trust.
Building Effective HR Systems and Resources
The podcast focuses on the importance of building effective HR systems and resources to support compensation and people initiatives. It highlights the need for scalable, efficient, and nimble systems that align with organizational goals and philosophies. The episode emphasizes the value of leveraging multiple resources and providing context to support decision-making. It also emphasizes the significance of having a team of dedicated and talented individuals who can drive and implement these initiatives. Additionally, the episode suggests that investing in HR tech software and tools can help streamline processes and enhance documentation and communication.
Kaitlyn Knopp talks with Greenhouse Software is Donald Knight, Chief People Officer and Tisha Petty-Wilson, Director of People Rewards.
Topics include:
Pay Transparency
Compensation and Equity Practices
Onsite and Remote Negotiations
About the Guests:
Donald Knight - as the Chief People Officer at Greenhouse Software, he leads with a people-first mentality hoping to unlock the potential of Greenhouse talent globally. With a laser focus on the connection between people and the processes that serve them, Donald and his team create proximity by building bridges focusing on enhanced experiences that nurture culture and develop people.
Tisha Petty-Wilson - as the Director of People Rewards at Greenhouse Software, she leads with an education mentality hoping to elevate the understanding of compensation and equity at Greenhouse. With a strong focus on data integrity, Tisha and her team create space for Greenhouse to build trust in their people rewards' processes and systems.
Greenhouse Software is the hiring operating system for people-first companies that enables fair and equitable hiring. To learn more visit Greenhouse.
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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