Comp and Coffee

In this episode we talk about the traditional structure of incentives and rewards, the differences between them, and how to personalize them.

Jeff Laliberte discusses the need for a compensation revolution in the industry, drawing parallels to tech giants like Airbnb and Uber. He emphasizes the benefits of early adoption and taking compensation strategy seriously to stay competitive. Laliberte advocates for a more dynamic and data-driven approach to compensation to attract and retain skilled professionals in the evolving tech industry.

In this episode we welcome attorney Steve Weatherhead to give us a recap and an update on the Massachusetts Equal Pay Law. This law in Massachusetts is scheduled to go into effect on July 1st, 2018. We cover the following topics and more: What defines equal pay? What is comparable work? How do pay for performance factor into the law? What are the newest developments? Steve Weatherhead is a partner at Marathas Barrow Weatherhead Lent. Learn more about Steve and contact him at https://marbarlaw.com/steven-d-weatherhead/.

Annual reviews often get a bad rap. But why are they the way they are? And what would happen if we could rebuild them entirely? Interested in hearing more on the future of compensation? Register for CompCon — http://www.compcon.com and use the code COFFEE for a discount.

On this episode we welcome former Netflix Chief Talent Officer Patty McCord. We chat with Patty about her new book, “Powerful: Building a Culture of Freedom and Responsibility” along with a host of other topics that include compensation, recruiting, employee engagement, retention, and Patty’s upcoming keynote at CompCon (http://www.compcon.com). Like this episode? Leave us a review on Apple Podcasts and tweet @payfactors.

In this episode we welcome Paul Reiman, to talk about the future of compensation. Paul is the head of rewards and HR operations for Commvault, a global provider of data management software and related solutions. In his role he oversees the global vision and execution of the organization's compensation, benefit, mobility, HR systems, and HR analytics programs. Paul also founded GetNerdyHR, a blog and podcast devoted to creating a better (and nerdier) way of doing HR. You can access the "jobs most likely to be automated" article Paul mentioned here: http://blogs.edweek.org/edweek/high_school_and_beyond/2017/08/are_you_helping_students_prepare_for_jobs_that_will_be_lost_to_automation.html Paul will also be a speaker at CompCon. Register now at http://www.compcon.com, and use the code COFFEE for a discount.

In this episode we welcome Bill Coleman, COO of Payfactors to discuss: Why companies are looking to be more flexible with comp programs The differences between entitlements and bonuses Are promotions happening more quickly? How do current compensation trends affect the war for talent? Why some companies have attempted to add a lottery component to their bonuses NY Times article, “Where Did Your Pay Raise Go? It May Have Become a Bonus.” https://www.nytimes.com/2018/02/10/business/economy/bonus-pay.html Interested in getting together with the comp community and exchanging ideas? http://www.compcon.com. Use promo code COFFEE.

A special announcement about CompCon! https://compcon.com/

This podcast discusses the importance of effective communication in compensation. It covers topics such as tailoring messages for different levels of the organization, the challenges of using crowdsource data, and the significance of listening to understand objectives. The chapter descriptions highlight the need for transparent communication, engaging strategies, and tailored approaches for executives, managers, and employees.

Findings from Payfactors' roundtable event in Massachusetts, where we discussed the effect salary history ban laws are having on compensation management. Specifically we cover: * These laws are bringing compensation to the front. Your recommendations and data need to be on point. * There are a lot of concerns, both internal to organizations and with the laws themselves. * What’s needed in a big way is a ton of training and messaging for executives, managers, and even employees. * Most compensation management pros thought they were in good shape, until they started to dig. * These laws will invoke positive change. P.S. We are hosting more of these events in 2018 -- maybe we'll be in your city? Tweet at us @shawnlavana and @kaiterosa.