Comp and Coffee
107: Coaching Managers for Better Compensation Dialogues
Feb 27, 2025
Join Kim Taylor, VP of Compensation Services at Payscale, and Roberto Molina, Compensation Consultant at Payscale, as they dive into the nuances of effective pay conversations. They discuss the growing importance of manager preparedness in light of new pay transparency laws. Discover the pitfalls of avoiding these discussions and how to align performance reviews with compensation to foster trust. Innovative training methods to empower managers are highlighted, ensuring better communication that enhances employee engagement and satisfaction.
28:33
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Quick takeaways
- Coaching managers with robust information and communication strategies is essential for conducting effective compensation dialogues amidst increasing pay transparency demands.
- Innovative training methods, such as role-playing and FAQs, equip managers to navigate the personal nature of pay conversations, fostering trust and clarity.
Deep dives
The Importance of Pay Communication
Effective communication about pay changes is crucial for employee satisfaction and engagement. Many employees may feel uncertain or unhappy about their compensation if they lack clarity on how pay decisions are made. Managers need the proper tools and strategies to facilitate these conversations, ensuring that employees feel valued and informed about their compensation structure. By empowering managers through training and providing comprehensive talking points, organizations can alleviate potential dissatisfaction and enhance motivation among their workforce.
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