Christie Williams is the VP of Employee Success at Softdocs. A long-time friend of the show and a lovely human, she walks us through what it takes to build a compensation plan for your organization.
Moments to Catch:
- What's a compensation plan? — 3:15
- Get on the same page with leadership — 4:50
- Writing a compensation philosophy — 7:30
- Why pay bands don't matter if you can't retain your workforce — 8:00
- Why being small isn't an excuse to not have compensation plan — 11:15
- Never swap titles for money — 12:34
- Getting executives on the same page with salary budgets — 15:00
- Anatomy of a compensation plan — 17:30
- Getting organized (Keep it simple!) — 27:00
- Handling pay differences due to region — 29:30
- Should you share the compensation plan with the company? 33:50
- Compensation surveys — 36:05
- Total rewards — 36:35
- How often to update your compensation plan — 40:30
Templates For You!
- Levels Explained
- Compensation Ranges (multiple tabs)
Connect with us on LinkedIn
- Christie Hoffman
- Christie Williams (she literally says you can reach out to her anytime! Take advantage of her experience!)