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I Hate It Here
S2 E10: Why the Odds of Achieving Equitable Pay Are Never in Our Favor, with Enrique Esclusa
Nov 8, 2023
Enrique Esclusa, co-founder and co-CEO of Assemble, discusses the challenges of achieving equitable pay, the importance of transparent compensation, and the role of market data in decision-making. He emphasizes the need for fair practices and highlights the benefits of using a platform like Assemble. The podcast explores the misalignment between leadership and HR, the downsides of traditional compensation management, and the root cause of compensation problems.
57:51
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Quick takeaways
- Misalignment between leadership, HR, recruiting, and finance can lead to inadequate compensation decisions, employee dissatisfaction, and attrition.
- Using spreadsheets for compensation management can result in inconsistent practices, lack of transparency, and increased employee dissatisfaction.
Deep dives
Misalignment in Compensation Management
Misalignment between leadership, HR, recruiting, and finance is a common mistake in compensation management. Conflicting views on how compensation should be administered across employees can arise, leading to issues. For example, a recruiter may want to offer higher pay to close a candidate, while finance may want to stick to a predetermined budget. Misalignment between leadership and the HR or compensation team's philosophy on compensation can also cause tension. This misalignment can lead to inadequate compensation decisions, employee dissatisfaction, and attrition.
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Discover
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