The State of Compensation—New Data and How Companies Should Respond

If you don’t have a compensation philosophy tied to your mission, vision and values, it’s time to start building one. Carefully considering compensation allows you to gauge how transparent you will be with your employees as well as attract and retain top talent. 

But what are the first steps towards building a philosophy that works for you? 

Alex Bertin, Head of Total Rewards, is back on HR Unplugged to walk us through brand-new BambooHR data on compensation. He shares what lessons businesses can take to build stronger bonds with their employees, increase job satisfaction and improve retention rates. 

Key moments: 

• How to create a better bond between employees and employers 
• Why it’s crucial employees understand your pay strategies 
• The equitable best practices to add to your hiring strategy 
• Advice for those who can’t see progression in their company 
• How to decide what pay transparency means in your workplace 
• Why HR should not be directly responsible for monitoring performance 

Key links: 

• Subscribe to HR Unplugged Series: https://www.bamboohr.com/resources/podcasts/hr-unplugged/ 
• Join HR Heroes Slack Community: https://join.slack.com/t/hrheroesworkspace/shared_invite/zt-21ad3f1r8-dkWC2EdmyhxUAHw9cGLdQw 
• Bamboo HR Homepage: https://www.bamboohr.com/ 
• Total Compensation Calculator: https://www.bamboohr.com/blog/total-compensation-calculator-measure-improve-your-comp[…]ffline&utm_source=webinar&utm_content=blank&utm_term=Webinar  
• Find Alex’s previous appearance on HR Unplugged: https://www.bamboohr.com/webinars/hr-unplugged-episode-31  
• Compensation Trends for 2024: Deflation, Transparency, and Benefits: https://www.bamboohr.com/resources/guides/compensation-trends