HRchat Podcast Transforming Pay Transparency and Skills-Based Hiring with Trapper Yates, HP
Today we unlock some of the secrets of modern compensation strategies and the transformative power of pay transparency with our special guest, Trapper Yates, VP of Global Compensation for HP.
Trapper brings his expert insights on managing equitable pay structures for HP's vast workforce and how his team navigates the complexities of global compensation across 60 countries. Discover how HP is tackling new legislation mandating salary range postings and the positive ripple effects this transparency has on closing the gender pay gap and promoting fairness within the company.
Bob Goodwin and Trapper also spotlight a fascinating study examining the impact of pay transparency on California state government employees. Learn how transparent pay ranges can influence employee satisfaction, turnover intentions, and the crucial role of managers in discussing compensation openly. More importantly, we explore the growing trend of skills-based hiring, advocating for the recognition of potential over traditional qualifications and the alignment of job roles with the actual skills of employees.
Our conversation takes a deeper dive into HP’s innovative tools like the Career Hub, designed to enhance internal mobility by matching employees’ skills and aspirations with suitable roles. Trapper shares the importance of measuring proficiency, especially for essential soft skills, and how documented experience distinguishes candidates. As we explore the hiring landscape, you'll gain valuable perspectives on the advantages of internal versus external candidates, the role of AI, and the necessity of reducing bias in hiring decisions. Finally, we underline the significance of balancing competency with visibility for continuous professional development and career growth.
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