Comp and Coffee
102: Our Compference24 Review
Oct 28, 2024
Marc Mullis, Chief Excitement Officer at Payformance Partners, and Elena Van Kirk, Principal Consultant at Exude Human Capital, discuss their experiences from Compference24. They highlight the importance of balancing innovative compensation strategies with tactical practices. The conversation touches on how Gen Z's expectations are reshaping workplace cultures, and the vital role managers play in salary growth. Additionally, they explore the shift towards skills-based pay systems and the critical need for pay transparency in today’s work environment.
34:42
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The podcast emphasizes the growing necessity for organizations to adapt compensation practices to meet the diverse expectations of a multigenerational workforce.
- It highlights the critical influence managers have on employee salary growth and career advancement through supportive skill development and clear communication.
Deep dives
Key Trends from Payscale's Virtual Conference
The recent virtual conference organized by Payscale focused on the future of compensation and total rewards, gathering insights from a wide range of experts in the field. With over 6,000 registrations and 3,000 live attendees, the event featured 57 speakers across 15 sessions, offering a wealth of knowledge on current trends and practices. Attendees appreciated diverse perspectives, whether they came from large corporations or smaller organizations, fostering a rich learning environment. The conference highlighted the increasing importance of communication in compensation strategies, emphasizing the need for managers to effectively translate complex compensation data into comprehensible language for employees.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
