Why is so important that your organization has a “Fair Pay” model?How can HR leaders lean into compensation design and execution?My guest on this episode is David Buckmaster, Total Rewards leader and author of “Fair Pay: How to Get a Raise, Close the Wage Gap, and Build Stronger Businesses”During our conversation David and I discuss:
- Why he wishes more HR leaders would question if their current bonus plan is worth it
- Why he believes that the more transparent a company is about pay, the more formulaic their pay model tends to become
- The four elements of his “Fair Pay” model and how you can apply it in your organization
- His tips for negotiating a pay increase or a new job offer
- Why he believes it is not a good idea to share your salary expectations with a recruiter
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“Fair Pay: How to Get a Raise, Close the Wage Gap, and Build Stronger Businesses”