201 - Live: Rethinking Performance & Compensation (David Hanrahan, Chief People Officer at Flare & Jessica Zwaan, Author of Built for People)

David Hanrahan, Chief People Officer at Flare, and Jessica Zwaan, Author of Built for People & COO at Talentful, joined us live in Austin, Texas. 

We talked about how performance management is stuck in the past, the idea of team-based assessments, how to run a data-driven performance calibration, and the evolving role of compensation in driving performance.

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3:11: Reflections on outdated performance management practices

5:07: Thoughts on why companies are holding onto legacy review systems

6:46: The impact of AI on performance management and synthesizing feedback

9:40: Team dynamics in performance management and HR’s evolving role

12:24: Real-time tools for performance feedback and privacy concerns

14:27: Shifts in company values post-pandemic and how that affects performance reviews

17:09: Measuring team performance over individual performance

20:12: Calibration, feedback, and team assessments

23:02: Linking performance management and compensation strategies

29:03: The role of procedural and distributive fairness in compensation

32:11: Challenges of tying performance to compensation

36:02: Discussion on bonus allocation based on performance

40:12: Team performance assessments and executive decision-making

44:48: Questions from the audience on coaching and team dynamics

50:22: Closing thoughts on changing traditional HR practices

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