Comp + Coffee: Recent Episodes

Payscale

A podcast from Payscale that talks through the art and science of compensation management.

Grab your favorite mug—we’re asking what’s ✨brewing✨ in comp strategies for the year ahead.

In this episode of Comp and Coffee, host Ruth Thomas kicks off 2025 with guest Sarika Lamont, Vice President of People and Culture at Vidyard. The discussion revolves around the emerging trends and critical priorities in HR and compensation, focusing on the intersection of equity, AI, and employee empowerment. Sarika shares insights on fostering pay equity independently of DE&I trends and emphasizes the importance of sustainable pay practices. Tune in for a dynamic conversation about navigating HR challenges and strategies in the new year.

Key Highlights:

The influence of political and economic changes on HR priorities in 2025.
The ongoing debate and strategies around remote work versus return to office.
The role of AI in shaping HR and compensation processes and policies.
A deep dive into the importance of pay transparency and equity amid shifting DE&I focuses.
Innovative approaches to integrating performance and pay within organizations.
Emerging trends in personalized rewards and skills-based pay practices.

Quotes:

"Compensation is an area of strategic focus for HR teams and leaders in 2025." – Sarika Lamont
"Pay equity should happen systemically all the time, driven through inclusive processes." – Sarika Lamont
"Performance is about growth; feedback is how action happens." – Sarika Lamont
"The power of choice in total rewards is critical for fulfilling diverse employee needs." – Sarika Lamont

Resources:

2025 HR Predictions Guide: https://www.payscale.com/research-and-insights/2024-end-of-year-report/#module-19
I Hate it Here Podcast Episode Compensation 101 - https://open.spotify.com/episode/54HavsXulnai0ORYK79D58?si=Y8THgieHSo-Sq_yE9vIkpA&nd=1&dlsi=6c587930609e460c

In this episode of Comp & Coffee, host Ruth Thomas is joined by Payscale's thought leaders Sarah Hillenmeyer, Senior Director of Data Science, and Lexi Clark, Chief People Officer, to explore HR predictions for 2025. The discussion dives into the evolving employer-employee power dynamics, the rapid adoption of AI in HR, and the implications of wage growth trends as we transition into the new year. This episode promises insightful perspectives on the future of work, perfect for HR professionals navigating the year-end hustle.

Key Highlights

No major surprises in 2024, but the ongoing debate over remote versus in-office work and its compensation implications is highlighted.
Unexpected rapid adoption of AI in HR, particularly in recruitment and hiring processes.
Continued focus on fair and transparent pay amidst evolving employer-employee dynamics.
AI governance is predicted to become crucial with potential state-level regulations emerging in 2025.
Wage growth may dip below 4%, with sector-specific variations still influencing compensation planning.

Quotes

"We've seen more enthusiasm and adoption of AI across HR-related use cases than I expected." – Sarah Hillenmeyer
"If you're working on your year-end process, apply a fair pay lens." – Ruth Thomas
"Employer-employee friction... the cat's out of the bag and it's not going back in." – Lexi Clark

In this episode of Comp & Coffee, hosts Ruth Thomas and Amy Stewart dive into Payscale's 2024 Year-End Report, highlighting the state of the job market as we approach 2025. Amy Stewart, Payscale's Principal Content Strategist, shares her insights on the year’s labor market trends, hot jobs, and the significance of wage growth. The episode also explores the challenges and opportunities in recruiting and retaining top talent in an evolving economic landscape. Tune in for vital takeaways to inform your compensation strategies for the coming year.

Key Highlights: * Analysis of 2024 labor market trends and the return to normalcy post-pandemic. * Discussion on the impacts of inflation and interest rates on the economy. * Examination of the top jobs lists including fastest wage growth, quit rates, and recruitment challenges. * Insights on pay transparency and its influence on organizational performance. * Overview of Payscale's pivotal research reports and predictions for 2025.

Quotes: * "The labor market is starting to return to a state of normal." – Amy Stewart * "Customer service team leader is seeing a 20% wage growth year over year." – Amy Stewart * "The perception of fair pay impacts whether employees stay or leave." – Amy Stewart

In this episode of Comp & Coffee, host Ruth Thomas is joined by first-time guests Morgan Love, Tina Yu, and Olivia Crowley as they explore Payscale's exciting Q4 advancements and the role of AI in compensation. The discussion centers on managing salary surveys, leveraging dynamic data, and incorporating AI to ease and enhance compensation processes. Tune in to learn how these innovations empower compensation professionals to focus on strategic decision-making.

Key Highlights:

Introduction of Payscale's updated survey experience designed to streamline survey management.
The growing importance of utilizing dynamic data for compensation strategies.
How Payscale's AI-driven solutions are transforming compensation tasks into strategic opportunities.
Details on Payscale’s peer dataset and its expansion to include trending job roles.
Insight into Payscale's efforts to improve transparency and data accuracy for better pay decisions.

Quotes:

"Dynamic data sources are often much more timely, more transparent, and way more robust." – Morgan Love
"AI won't replace HR and comp roles, but it will handle the tedious tasks." – Tina Yu
"Compensation is an art, and you can't replace an art with technology." – Olivia Crowley

What a brilliant time we had at Compference24! In this episode of Comp & Coffee Ruth Thomas is joined by Marc Mullis of Payformance Partners and Elena Van Kirk of Exude Human Capital to review and discuss all things Compf24. They share their own experiences of Payscale's annual flagship conference, as well as dig into the exciting intersection of compensation strategy, equity, and future workforce considerations.

Whether you are looking to understand the future of pay transparency or seeking fresh ideas in compensation management, this episode offers valuable insights for all.

Key Highlights:

Exploration of diverse perspectives and the importance of industry-wide collaboration at Compference24.
The significance of balancing tactical compensation practices with innovative strategies.
Discussion on the evolving importance of skills-based pay systems in modern compensation frameworks.
Insights on how Gen Z's expectations are reshaping workplace cultures and compensation strategies.
The critical role of managers in influencing employee salary growth and career progression.

Quotes:

"Comp geeks are not just number crunchers; we tell stories with data." – Marc Mullis
"Managers have more influence on equitable salary growth than they may realize." – Elena Van Kirk
"Gen Z's impact on workplace culture and compensation is just beginning." – Marc Mullis

References:

Link to register to view Compference24 sessions on-demand: www.payscale.com/compference
Link to Payformance Partners: https://payformancepartners.com/
Link to Exude Human Capital: https://exudehc.com/

In this engaging episode of Comp & Coffee, host Ruth Thomas is joined by Payscale colleagues Katie Harmon and Sara Hillenmeyer to discuss their insights and experiences from the recent HR Tech conference in Las Vegas. The trio dives into the electrifying energy at the event, highlighting how AI and skills-based talent management are transforming HR practices. With firsthand observations from the conference floor, they unpack the implications of these technologies on compensation, diversity, and inclusion—offering listeners a promising glimpse into the future of HR.

Key Highlights: * AI Transformation: Discussing real-world applications and impact of agentic AI systems in HR, moving beyond hype. * HR's AI-Driven Future: Strategies for HR professionals to prepare for AI integration and transformation in their roles. * Skills-Based Talent Management: Exploring how this approach can support diversity and drive fair compensation practices. * Trends and Innovations: Highlights of standout vendors and new features seen in HR tech, including AI-driven training and analytics. * Conference Insights: Capturing the unique and lively atmosphere of the HR Tech conference.

Quotes: * "Agentic AI can transform HR practices by performing actual user tasks, not just suggesting actions." – Sara Hillenmeyer * "The future of HR is about making humans a better resource, not replacing them with AI." – Katie Harmon

In this special centenary episode of Comp and Coffee, host Ruth Thomas celebrates 100 insightful episodes of discussions on compensation. Joined by Heather Kruger, Senior Director of Corporate Marketing, and Zach Jamieson, HR Manager at Payscale, this episode reflects on past episodes' themes and their evolution in today's workplace. From the historical journey of pay structures to remote work dynamics, this episode offers a comprehensive reflection and future outlook on compensation management.

Key Highlights:

The origins and evolution of the Comp and Coffee podcast.
Reflections on episode 25's discussion on salary structures and the impact of pay transparency legislation.
Insights on the journey towards pay transparency and equitable compensation practices.
The transformation of remote work and its implication on organizational policies and employee engagement.
Revisiting episode 75's debate on quiet quitting and its relation to employee engagement and workplace culture.
A look at Payscale's upcoming annual virtual conference, Compference24.

Quotes:

"Great compensation is not just about structures—it's about fostering simple, honest conversations over a cup of coffee." – Heather Kruger
"Our culture isn't built by the walls of our office." – Paul Wolfe, as quoted by Ruth Thomas
"It's really about knowing when enough is enough and when you're maybe pushing your employee just a little bit too much." – Zach Jamieson

In this episode of Comp & Coffee, host Ruth Thomas delves into the insights from Payscale’s newly released 2024 Salary Budget Survey Report. Joined by Amy Stewart, Principal of Research and Insights at Payscale, and Minde Stone, Senior Director of Rewards, HR Operations, and Talent Acquisition, the discussion covers critical findings from the survey, the macroeconomic factors influencing salary budgets, and practical tips for compensation professionals as they approach the budgeting season. Whether you’re a seasoned professional or new to compensation management, this episode offers actionable advice for planning your salary budget for 2025.

Key Highlights:

Overview of the 2024 Salary Budget Survey and its importance for budget planning.
Decline in salary budgets from the peak of the Great Resignation.
Discussion on macroeconomic factors impacting salary budgets.
Differences in salary budgeting trends across various industries.
Practical tips for compensation professionals during the budgeting season.
Importance of stakeholder engagement in the budgeting process.

In this episode of Comp & Coffee, Ruth Thomas hosts a lively discussion on favorite summer reads that offer both professional insights and personal growth. Joined by Jennifer Ferris, Principal Solutions Consultant at Payscale, and Liz Sheffield, Manager of Content Marketing, they dive into books that range from leadership strategies to pay equity.

The books they discuss include:

"The Myth of the Nice Girl: Achieving a Career You Love Without Becoming a Person You Hate" by Fran Hauser
"Leading Without Authority: How the New Power of Co-Elevation Can Break Down Silos, Transform Teams, and Reinvent Collaboration" by Keith Ferrazzi and Noel Weyrich
"Daily Practices of Inclusive Leaders: A Guide to Building a Culture of Belonging" by Eddie Pate and Jonathan Stutz
"Fair Pay" by David Buckmaster

Tune in for their expert takes on titles that can enrich your understanding of compensation and inclusive leadership.

Key Highlights:

Ruth, Jen, and Liz share their summer book recommendations—perfect for both professional development and leisure reading.
Jen Ferris discusses "The Myth of the Nice Girl" by Fran Hauser and "Leading Without Authority" by Keith Ferrazzi, highlighting the importance of genuine leadership.
Liz Sheffield reviews "Daily Practices of Inclusive Leaders" by Eddie Pate, emphasizing the significance of inclusive leadership in today’s workplace.
Ruth Thomas recommends "Fair Pay" by David Buckmaster, focusing on practical approaches to achieving pay equity.

Quotes:

"You can and you really should use your niceness as a strength." – Jen Ferris
"This needs to be a company book that we all read because it is incredible." – Jen Ferris on "Leading Without Authority"
"Every little thing that you’re doing is having a ripple effect." – Liz Sheffield

References:

"The Myth of the Nice Girl" by Fran Hauser
"Leading Without Authority" by Keith Ferrazzi
"Daily Practices of Inclusive Leaders" by Eddie Pate and Jonathan Stutz
"Fair Pay" by David Buckmaster

This episode of Comp & Coffee, hosted by Ruth Thomas, covers Payscale's latest innovations and updates in compensation management. Key themes include surfacing actionable insights, growing data, and incorporating user-led feedback. The discussion features Brooke Grimes, Senior Director of Product Marketing, and Brittany Innes, Senior Director of Product Management. They highlight new features such as job family management, improvements in survey participation, and growth in peer data. The episode also introduces the upcoming "Payscale Innovation Unleashed" webinar and shares insights from a recent top performers report in compensation practices.

Join Ruth Thomas, Chief Evangelist at Payscale, on this episode of Comp and Coffee as she delves into the world of salary surveys with Gerard Smith, Amy Bredemus, and Matt Chalek. Learn about the importance of participation in third-party salary surveys, how Payscale integrates and manages multiple survey data sources, and the impact of AI in improving compensation management. Tune in to discover tips for navigating survey provider changes, understanding data trends, and enhancing your compensation strategies.

Join Ruth Thomas, Chief Evangelist at PayScale, and her co-host Liz Sheffield as they recap their experience at the WorldatWork Total Rewards 2024 conference in Cincinnati, Ohio. This episode features in-depth discussions on the latest trends in reward and compensation, key takeaways from various sessions on AI, pay transparency, and personal reflections from industry professionals. Gain valuable insights on how to stay ahead in the ever-evolving landscape of compensation management.

In this episode of Comp & Coffee, Ruth Thomas discusses the upcoming WorldatWork Total Reward 2024 Conference. She is joined by Lexi Clarke, Chief People Officer at Payscale, and James Atkinson, VP of Data Products. They talk about the sessions they will be leading at the conference, including topics such as equipping people managers for effective pay conversations and the impact of AI on compensation. They also discuss the importance of continuous learning and networking at events like WorldatWork.

In this episode of Comp & Coffee, hosted by Ruth Thomas, Chief Evangelist at Payscale, the podcast dives into the findings of Payscale’s 2024 Compensation Best Practice Report (CBPR). Guests Amy Stewart, Associate Director of Content Marketing and author of the CBPR, alongside Lulu Seikaly, Payscale’s Senior Corporate Attorney, share their insights on the evolving landscape of compensation management. Key topics discussed include the significant increase in organizations practicing pay transparency, the impact of artificial intelligence on compensation decisions, and the implications of minimum wage changes on compensation strategy. The episode also touches on the importance of pay communications, trends in pay equity, and the role of AI in reducing unfulfilling work. The discussions emphasize the importance of strategic compensation management to attract and retain talents, navigate legal landscapes, and foster employee trust and engagement.

In this episode of Comp and Coffee, Ruth Thomas and her Payscale colleagues, Brooke Grimes, James Atkinson, and Brittany Innes, discuss the latest innovations at Payscale in response to market demands and key compensation trends. They cover how Payscale is leveraging AI to enhance product and data offerings, particularly in job description management, and the role of AI in improving efficiency and fairness in HR practices based on insights from the Compensation Best Practice Report 2024. The team also delves into Payscale's efforts to simplify workflows for both managers and administrators in compensation planning, along with the introduction of new features like Explore Payscale Tiles and Single Sign-On for Payscale Connect. Additionally, they highlight the importance of robust data sources for accurate benchmarking, and the development of new datasets to meet customer demands. The podcast also mentions resources like the Payscale certifications program, partnerships for enhanced data offerings, and upcoming events where listeners can engage with Payscale directly.

We are again discussing Gender Pay Gaps and the findings from our recently released GPGR. In our last episode, we introduced you to this year’s report and the overall outcomes. Today we are going to build on that and delve into more of the reports insights and discuss some of the potential drivers of pay gaps.

Picking up from our last episode, we'll take a deeper dive into the Payscale Gender Pay Gap Report.

We'll start with a quick summary of report findings, then explore how age affects the pay gap. Additionally host Ruth Thomas together with guests Amy Stewart and Kelly Campana will also discuss how changing views of women's work can influence how we measure the gap itself.

Most importantly, we'll focus on practical tips for closing the gap by highlighting what employees bring to the company. Listen and explore actionable ways to create a more equitable workplace!

Key Takeaways:

Quick summary of Payscale’s gender pay gap report
Why does age affect the gender pay gap?
The idea behind how to measure the pay gap and how historical ideas around women’s contribution to the world are changing
It is important to remind employees about where is their best contribution lies and happen
Women who work from home have a wider pay gap than those who work in offices

Resources:

Payscale Website: www.payscale.com
Email: coffee@payscale.com

Our discussions this month are all aimed at raising awareness and encouraging action to eliminate bias and discrimination entirely from our workplaces and society at large. This year’s Women’s History Month theme “Women Who Advocate for Equity, Diversity and Inclusion" which is very appropriate for this conversation.

Today, host Ruth Thomas welcomes guests Michelle Gyima and Amy Stewart to analyze data from the recently published Gender Pay Gap Report 2024. This report, now in its tenth year, offers a much deeper understanding of the factors driving pay gaps. Together, they'll delve into the report's insights and share their perspectives on the analyzed data.

Key Takeaways:

How much women are paid compared to men?
The uncontrolled pay gap
Gender stereotypes in the workspace and how they affect overall pay
Bias in pay history
Why pay gaps don’t close just because of pay transparency legislation
How organizations can address the Gender Pay Gap?

Resources:

•2024 Gender Pay Gap Report: www.payscale.com/research-and-insights/gender-pay-gap

Payscale Website: www.payscale.com

•Email: coffee@payscale.com

In January, we saw 22 U.S. states boosting their minimum wage rates with effect from the 1st of the month and three more planned later this year. So now there will soon be 30 states with minimum wages higher than the federal standard, which is $7.25 per hour for non-exempt workers. In this episode, we're talking about the impact this is having and will have.

Have you ever wondered how minimum wage could impact your pay? Tune in, and let's find out! Join Ruth and her guests, Vicky, Lulu, and Kim, as they delve into the specifics of minimum wages.

Gain practical tips on attracting and retaining top talent, understand the effects of minimum wages on pay dates, and discover how increasing the minimum wage may align with environmental, social, and governance policies. Join us in this discussion as we explore the rewards and complexities of the expanding job market.

Key Takeaways:

Minimum wage in U.S. history
The Wage Act bill proposal
How to attract and retain your best workers
The impact of minimum wages on pay dates
How increasing the minimum wage will contribute to environmental, social, and governance policies
How to solve pay compression

Resources:

Payscale Website: www.payscale.com
Minimum Wage Report: https://payscale.com/research-and-insights/minimum-wage-report
Email: coffee@payscale.com

Curious about job market trends in 2024? Join us in this episode as we delve into market predictions and the evolving compensation landscape for this calendar year.

Our thought leaders at Payscale will discuss the fate of talent acquisition and share insights to help you navigate the changing world of work. Tune in with our guests, James and Lulu, as they break down key aspects of the job industry this 2024.

Key Takeaways:

Legislation and advancements in technology
What is ahead in the legislative landscape in 2024 and for those managing compensation?
Does the 2024 presidential election impact the legislation?
Pay transparency and its impact on compensation data
Using job posting data as an additional source for compensation professionals
How does Payscale use AI for this calendar year?
What is the one thing that surprised them in 2023?

Resources:

Payscale Website: www.payscale.com
Payscale End-of-Year Report: https://www.payscale.com/research-and-insights/2023-end-of-year-report/
Payscale HR Predictions Guide:
https://www.payscale.com/research-and-insights/2023-end-of-year-report/#module-23
Email: coffee@payscale.com

As we close out the year, this discussion centers the state of the labor market as we pivot into 2024 as well as hot jobs and this year. What are the predictions from our thought leaders here at Payscale? Listen to find out!

Let's dive into Payscale’s 2023 End-of-Year Report! In this episode, guests Amy Stewart and Lexi Clarke provide insights into the state of the job market as we approach 2024. They highlight the top 10 in-demand jobs of 2023 with significant wage growth and reveal the jobs people are most inclined to quit, drawing from Payscale’s employee-reported survey data.

Key Takeaways:

How do you come up with the end-of-year report?
What is the condition of the labor market in the upcoming years?
Labor force specifications are at historic lows.
Employer and employee friction is not going away.
Is pay going to be as high in 2024?
Transparency is huge.
The "hot jobs" list highlights
Sneak Peak: Top predictions for 2024

Resources:

Payscale Website: www.payscale.com
Payscale End-of-Year Report: https://www.payscale.com/research-and-insights/2023-end-of-year-report/
Email: coffee@payscale.com

Vicki, Liz, and Ruth discuss the gender pay gap -- what it is and how it's looking for next year. Is your organization taking necessary action to close the gap?

In this episode, we're peering into the future—2024, to be exact—to predict what changes lie ahead for the gender pay gap. Our guests, Vicky Peakman and Liz Sheffield, will be breaking down the factors that could impact who earns what, exploring everything from how workplaces are evolving to new policies on the horizon.

Join us for this chat as we talk about the possibilities, making sense of what the working world might look like in just a few years and how we can bridge the gap together!

Key Takeaways:

Looking at potential predictions in the year 2024 on gender pay gaps.
Setting your intentions straight
The mean pay gap for full-time workers.
Examining the uncontrolled pay gap versus the controlled pay gap.
How will the gender pay gap evolve throughout the next year?
Exploring how the pay gap reached its lowest amount during the pandemic.
Do women of different races experience varying impacts from the gender pay gap?
Measure your pay gaps at all times.

Resources:

2023 Gender Pay Gap Report
Payscale Website: www.payscale.com
Email: coffee@payscale.com

Amy, Ruth, and Russ discuss remote work, RTO mandates, and the impact this is having on the workplace. How will new policies and expectations impact your workforce?

In this episode, we delve into the dynamic landscape of remote work and the evolving scenarios surrounding return-to-office mandates. Explore the latest trends, challenges, and opportunities shaping the future of work as we navigate the intersection of technology, workplace culture, and the ongoing impact of global events.

From the thrill of flexible schedules to the challenges of Zoom fatigue, we're dissecting it all!

Key Takeaways:

Remote work policies, expectations, and return-to-office policies
Adjusting to the shift in our working environment
Increase in hybrid and remote organizations compared to traditional offices
Challenges when it comes to return to the office
Is productivity really the issue when moving to remote work?
Building company culture from a distance
Differences in pay with remote and traditional workers

Resources:

Payscale Website: www.payscale.com
2023 Remote Work Report: https://www.payscale.com/research-and-insights/remote-work/
Email: coffee@payscale.com

Liz, Lulu, Ruth, & Russ discuss Pay Transparency from the employees perspective. Is this your company's opportunity to build a better brand?

Assets:

Payscale Comp Quick Guide: Understanding Employee Reaction to Pay Transparency

Sara Hillenmeyer, Payscale's Director of Data Science, and Lulu Seikaly, Senior Corporate Attorney @ Payscale, join Ruth & Russ to discuss a recent article about two brothers who both drive for Uber. The brothers recently conducted an experiment. They opened their Uber apps while sitting in the same room, and tested which brother could earn more money to do the same work. They found that Uber showed them nearly identical jobs but offered to pay one of them a little better. The siblings could only guess why. Had Uber's algorithm somehow calculated their worth differently and how did they do that?

We discuss this topic and the broader implications of algorithmic pay.

Related links:

New NY Anti Bias in AI Law effective this month https://hrexecutive.com/why-ai-is-not-a-get-out-of-jail-free-card-for-talent-bias/?oly_enc_id=5456A4959923A9Y

The potential of "algorithmic wage discrimination":

https://www.npr.org/2023/04/25/1171800324/rideshare-drivers-raise-questions-about-how-algorithms-set-drivers-pay-rates?utm_source=facebook.com&utm_campaign=npr&utm_medium=social&utm_term=nprnews

We discuss the growing number iniatives, such as those lead by 4dayweek.com, around the 4 day work week and the concept of 100:80:100. 100% pay for 80% time worked with 100% productivity targets.

Is this working smarter, harder, both, or neither?

Related links:

https://worldatwork.org/resources/publications/workspan-magazine/the-power-of-four
https://www.businessinsider.com/work-from-home-return-to-office-sexism-women-bosses-employees-2023-4?r=US&IR=T
https://www.pewresearch.org/social-trends/2023/03/30/how-americans-view-their-jobs/
https://www.4dayweek.com/about-us
https://www.wsj.com/articles/after-testing-four-day-week-companies-say-they-dont-want-to-stop-a06089cc
https://www.cnbc.com/2023/02/24/worlds-biggest-4-day-workweek-experiment-shows-big-health-benefits.html#:~:text=Employers%20and%20workers%20around%20the,their%20health%2C%20finances%20and%20relationships

·

Amy joins Ruth and Russ to share insights from our newest research report! It's a first-of-its-kind look at the top reasons employees consider quitting their jobs, and specially looks at does pay transparency help to retain workers — or is pay transparency a retention risk?

Report Overview:

https://www.payscale.com/research-and-insights/retention-report/

Report details:

https://www.payscale.com/press-releases/new-payscale-research-reveals-top-drivers-behind-employee-turnover-and-the-impact-of-pay-transparency/

Ruth, Bill, & Russ are joined by Amy to review the 2023 Payscale Compensation Best Practices Report (CBPR) and share their insightes. How are things changing as we move into Q2 of 2023?

Ruth, Bill, & Russ have each selected a recent news story related to compensation to discuss. Do you share their take on these topics? Ruth's Pick: Netflix stepped back on open salary policiy for execs Bill's Pick: FTC announced changes to outlaw non-compete clauses

Russ's Pick: Disney's annnouncement that 'hybrid work' now means in office 4 days a week

Amy Stewart, one of the minds behind the annual Payscale CBPR report, joins Bill, Ruth, & Russ to discuss what jobs are hot and what are not going into 2023.

Ruth, Bill, & Russ each made 3 predictions about what they each think will happen in the compensation space in 2023 without conferring with each other. Join us as we share our predictions with each other and see if you agree on what we agree on.

Vicky, Bill, & Russ discuss the increasing numbers of pay disclosure laws that are going live in a variety of cities, counties, and states. What will be the impact and how does a compensation or HR professional stay proactive?

Ruth, Bill, & Russ discuss the 'new' phenominon of "Quite Quitting." Excactly what is it? Is it different from 'work to rule' and other such movements? How should we as HR and compensation professionals respond?

Vicky, Bill, & Russ discuss the importance and impact of the HR to an organization, a role which happens to be predominantly female, and contrasts it to the importance and impact of finance, a role which happens to be predominantly male. Are these to critical functions and career paths compensated equally? Should they be? If not, why not?

Bill, Matt, Ruth, & Russ explore the pros and cons of employees doing their own salary market research and how to handle the conversation.

Are we headed into a recession? The future is unclear at best. We discuss what HR, Total Rewards, & Compensation leaders should be thinking about when the the potential for an economic downturn looms.

Ruth, Bill, & Russ discuss the return of in person conferences in the Comp, HR, & Total Rewards space. What's the current thinking and evolving best practices?

Matt, Bill, Heather & Russ review recent findings from PEW Rearch that finds low pay & lack of advancement are #1 & #2 reasons people quite in 2021. Are you at market?

Matt, Bill, & Russ review the 2022 CBPR and share their insightes. What was as expected and what was surprising?

Matt, Bill, & Russ discuss why discussions about skills based pay are on the rise, the pro’s and cons of the concept, and approaches to getting there.

We discuss the signs of highly intelligent people and what this implies for both retaining them as well as the potential impact loosing them.

With businesses taking a renewed focus on retention, hiring, Pay Equity, and employee engagement we stop and ask: Are we in a golden age for HR?

CURO co-founder Ruth Thomas joins us to discuss the evolution in thinking around CURO's ground breaking Comp Planning & Pay Equity solutions and the impact of joining forces with Payscale.

Continual and consistent communication around compensation has always been critical. We discuss why it's time to up your game.

Experts say “The Great Resignation” is coming. We examine the warning signs and how compensation practices can both contribute and mitigate the impact on your org.

Equity, diversity, & equality have moved up the priority list in the minds of comp & HR professionals as well as business leaders. Bill, Matt, & Russ look to the past as well as examine what clients are saying today about approaches and pitfalls.

With many companies deferring 2020 merit cycles and a potential minimum wage increase on the horizon it’s not hard to foresee pay compression challenges looming on the horizon. Bill, Matt, & Russ discuss the issue and share what they know of how organizations are working try and get ahead of it.

The CEO’s of Payscale & Payfactors, Scott Torrey & Jeff Laliberte, join us to discuss how this merger came to be, what it means for our clients, and what it means for the future of compensation.

David Chun, CEO and founder of Equilar, joins us to discuss the challenges, opportunities, and options for companies looking to improve diversity in leadership through the Equilar Diversity Network (EDN).

Jo, Matt, & Russ discuss how HR has had to adapt and respond tactically to the new strategic challenges as we move into stage 2 of the global pandemic.

Bill, Matt, & Russ share news on changes to AB5 in CA thanks to new Proposition 22 passing. California has made two changes to how contractors and freelancers are treated---in opposite directions. What could this mean for employees in every state? How should you be thinking about your contract and freelance workers?

Russ & Sarah discuss how to keep your employees feeling appreciated in a time of COVID and remote work.

Bill, Matt, and Russ discuss the evidence and likelihood that the possibility of remote work is permanently influencing the landscape of talent pools and what the implications are for HR and compensation.

Bill, Matt, & Russ use the City of San Francisco's upcoming proposed ballot initiative--Proposition L---to discuss the pros and cons of governments creating business taxes for companies with a high CEO-to-median-employee pay ratios.

Bill, Matt, & Russ discuss why getting job descriptions right is the critical first step in analyzing and establishing gender and racial pay equity.

Kim, Erica, & Russ take a deep look at the concept of salary structures. Why do comp professionals spend so much time with them? What are the different types? When should you consider, for example, job-based ranges over traditional grades and structures and vice versa?

In this episode, Bill, Matt, & Russ discuss the questions that most compensation practitioners are asking themselves now: How unique are the current economic conditions and talent market? What are going to be the challenges of getting accurate market data for 2020? Are their opportunities to look to the past for guidance? Are there risks?

Just as everyone seems to be adjusting to the new normal of working from home if possible, the country is starting to reopen and businesses are now focusing on trying to determine when and how to return to work post COVID-19 shutdowns.

In this episode, Matt, Bill, & Russ discuss what we're hearing and seeing regarding the details, approaches, and challenges organizations are working through to safely and efficiently open while meeting the evolving expectations and concerns of their talent.

Would you like to leave us feedback? Email us: coffee@payfactors.com

To help facilitate communication in these uncertain times Payfactors has been hosting virtual industry meet-ups of compensation and HR professionals. To date, we've met separately with members of several different industries including hospitality, airline, retail and healthcare.

In this episode, Matt, Bill, & Russ discuss the trends, topics, and insights that have come from the practitioners on the front line.

Would you like to leave us feedback? Email us: coffee@payfactors.com

On this episode we're joined by Margarita Wear from the Maier Law Group in San Rafael, California. https://maierlawgroup.com/margarita-wear Margarita talks with us about California's assembly bill 5 (AB-5) law and what it means for HR and compensation pros. Relevant links:
Vox Cuts Hundreds of Freelancers: https://www.latimes.com/business/story/2019-12-17/vox-media-cuts-hundreds-freelancers-ab5 * Instacart Likely to Flunk AB5: https://www.sfchronicle.com/business/article/Court-says-Instacart-flunks-AB5-shoppers-should-15083096.php * Borello Law: https://www.dir.ca.gov/dlse/faq_independentcontractor.htm * Cali Court Exempts Truckers From Gig Law: https://www.reuters.com/article/us-employment-california-truckers/california-court-says-truckers-exempt-from-gig-worker-law-idUSKBN1Z82TP * Uber, Postmates Sue California Over AB-5: https://www.cnbc.com/2019/12/30/uber-postmates-sue-california-over-ab5.html * NY to Become Next Battleground for Gig Law: https://news.bloomberglaw.com/daily-labor-report/new-york-said-to-become-next-battleground-for-gig-worker-law

We continue our discussion from episode 46 and dive into practical ways you can think about measuring and communicating the results of compensation management.

Tessa joins Kaite, Bill, and Shawn to discuss the findings of a recent survey on the measurement of compensation that was done with Human Capital Media. * Download the survey report at: https://info.payfactors.com/comp-measured-report-lpnd * Listen to the webinar to get further into it: https://info.payfactors.com/how-is-comp-measured-2020-lpnd * Glossy/Matte photo of Bill? coffee@payfactors.com

On this episode we're joined by Russ Wakelin, chief experience officer at Payfactors. Russ talks with us about compensation strategy being at the center of profit, risk, and growth. We also discuss how compensation pros can better align with these drivers to show the values of compensation to executives. Link to Arizona Total Rewards event where Russ will be speaking in Feb 2020: https://aztotalrewards.com/meetinginfo.php?id=70&ts=1579716316

Before we dive fully into 2020, we look back at the happenings of 2019 through the eyes of compensation. A comp retrospective, if you will. Links to items we mention: * Massachusetts Equal Pay Act (July 2018): https://bit.ly/30kDsi7 * Minimum wage changes in 2020: https://abcn.ws/30jnvc8 * Minimum Wage Map: https://www.minimumwagemap.com/ * The NYT article on tax cuts: https://nyti.ms/2Tu686S * The LA Times article on the same topic: https://bit.ly/30kcU0B * Upcoming W@W Webinar, "How Should Compensation Be Measured?": https://bit.ly/2NotbMT

In this episode we discuss the importance of job descriptions, why compensation should own them, and then we cover some ways that keeping them updated can be relatively painless.

We talk a lot about how technology has changed compensation. But we don't often discuss how technology has changed how we work in general. In this episode we step back and do just that. We also discuss how to use technology in the right ways to help your productivity.

In this episode we discuss minimum wage changes and the associated compression that can occur with them. To access the interactive Minimum Wage Map we mention, go to https://minimumwagemap.com/

In this episode we give a quick recap of the only compensation conference that matters, CompCon. You can keep up to date with CompCon 2020 happenings at https://compcon.com/ Here are the links mentioned in the episode: * Gummy Bear Song (don't listen -- it'll get trapped in your head): https://www.youtube.com/watch?v=astISOttCQ0 * David Goggins on Comp & Coffee: https://payfactors.com/david-goggins-comp-coffee/ * BJ Fogg Tiny Habits(tm): https://www.tinyhabits.com/

As our team gets ready for the second annual CompCon in San Francisco today, we're joined in this episode by our very own Kim Taylor, CCP, GRP. Kim joins us to discuss median versus outliers and what a focus on each means to compensation strategy.

On this episode we talk about some recent articles that featured compensation news, including searching for a higher paying job and on-demand access to earned wages. Fortune article, "If You Want a Higher Paying Job, the Time to Quit is Now": https://fortune.com/2019/09/24/should-i-quit-for-a-higher-paying-job/ The Hustle, "The perk of werk: Companies are using ‘accelerated pay’ to entice new employees": https://thehustle.co/09232019-accelerated-pay-wages/

Bill's still on his trip to Tahiti. Kaite's still out running errands. And Shawn's still doing pull-ups thanks to that last podcast. So today we're delivering the audio of a recent webinar we did in partnership with The Predictive Index. The topic was reducing pay inequality, and Payfactors' very own Kim Taylor joined Jackie Dube, VP of Talent Optimization at The Predictive Index to chat pay inequality and associated audits. Want to hear more on this topic? Join us at CompCon on Oct 21-22 in SF. The head of total rewards at Salesforce will discuss their journey to pay equality. http://www.compcon.com

David Goggins, author of "Can’t Hurt Me: Master Your Mind and Defy the Odds" joins us to talk about his incredible life and what he learned along that way from perpetual victim to active duty Navy SEAL to world class ultra athlete and world record holder. If this man doesn't serve as an inspiration, I'll need to check your pulse. David covers: * Callousing your mind * Being uncommon amongst uncommon * Why you need a good cookie jar * The one thing he asks of you if you're coming to see him talk at CompCon You're coming to CompCon, right? https://compcon.com/ Also check out David's book, "Can't Hurt Me: Master Your Mind and Defy the Odds" https://www.amazon.com/Cant-Hurt-Me-Master-Your/dp/B07KKP62FW

Can't Hurt Me: Master Your Mind and Defy the Odds

Cole Nussbaumer Knaflic from Storytelling with Data joins us on this podcast. Cole was previously on the people analytics team at Google. She joins us to talk about: * How to tell stories with data, and how to get people to remember what you want them to * How to prepare for a key presentation * Key tips and tricks to help sway your audience

Check out Cole's book, "Storytelling with Data: A Data Visualization Guide for Business Professionals" that's out now, and pre-order her upcoming book, "Storytelling with Data: Let's Practice!"

Storytelling with Data: Let's Practice!

Storytelling with Data: A Data Visualization Guide for Business Professionals

On this special episode we cover the Business Roundtable's recent statement about taking all stakeholders -- not just shareholders -- into account, and what it means for compensation. You can read the statement here: https://www.businessroundtable.org/business-roundtable-redefines-the-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans Other things we mentioned: - Salesforce's 1-1-1 pledge: https://www.salesforce.org/pledge-1/ - B-Corp: https://bcorporation.net/ - CompCon (JOIN US!): https://compcon.com/

Today we wrap up our conversation around the evolution of the compensation strategist. The topic is becoming a business ally, and when you achieve it, you know you're at your best, doing what comp was meant to do. If you're interesting in having further conversations around this topic, reach out! coffee@payfactors.com. 🎉🎉And join us at CompCon - https://compcon.com/ 🎉🎉 Download the eBook mentioned in this ep

In the first part of this series, we covered the foundational element of becoming a comp strategist -- being organized with all your data in one place so that tech is your analyst and you're not longer continually reactive. In this second part, we discuss what to do with the time you have freed up. Namely, communicate across your organization so everyone understands why they're paid what they're paid. Want to participate in conversations like these? Attend CompCon this Oct in SF!

On this episode we start a three-part series on compensation strategy: what a compensation strategist is, how their day-to-day is different, and how you can become one.

Want to learn more about the changes happening in compensation and how you can adapt to them strategically? Register for CompCon in SF Oct 21 - 22.

In this episode we talk with Dr. Achyuta Adhvaryu, assistant professor at the University of Michigan. He recently completed a study on soft skills in the workplace, finding that soft skills training on-the-job boosts worker productivity and generates large returns for the firm. Link to study: https://www.nber.org/papers/w24313.pdf

Heading into the July 4th holiday in the US we discuss the value of vacations and how they can affect your company. Stats we cite during the podcast: * Vacationers experience an 82 percent increase in job performance * 34% take under half of their allotted PTO time each year * For the first time in recorded history, more than half of Americans (55%) left vacation days unused, which equates to 658 million unused vacation days. ("Americans are effectively volunteering hundreds of millions of days of free work for their employers, which results in $61.4 billion in forfeited benefits.") * People who took fewer than 10 of their vacation days per year had a 34.6% likelihood of receiving a raise or bonus in a three-year period of time. People who took more than 10 of their vacation days had a 65.4% chance of receiving a raise or bonus. * Arianna Huffington Deletes Employee Emails

You've no doubt received this question in interviews. "What's your biggest weakness?"

But this episode goes well beyond that. We welcome Rick Mace, former startup CEO and current executive partner at Siris Capital to the podcast to discuss: * Why your strengths are also your weaknesses * How you can identify your strengths (and weaknesses) * A real-time strengths and weaknesses identification Did you catch that this week's topic is strengths and weaknesses?

In this episode we welcome Mike Zani, CEO of The Predictive Index. Mike joins us to talk about compensation from a CEO's perspective, what an enlightened talent leader is, and why it's better to make errors of action than errors of inaction. Items mentioned in this podcast: * The Predictive Index: https://www.predictiveindex.com * Jim Collins's books: https://www.amazon.com/Jim-Collins/e/B001H6GSHK * QBQ: https://www.amazon.com/QBQ-Question-Behind-Practicing-Accountability-ebook/dp/B000OIZUQW * Play Bigger: https://www.amazon.com/Play-Bigger-Dreamers-Innovators-Dominate-ebook/dp/B015MOJ80G/ * Link to all books: https://payfactors.com/learning-books-comp-coffee-ep-17/

Play Bigger: How Pirates, Dreamers, and Innovators Create and Dominate Markets

QBQ! The Question Behind the Question

One this episode of Comp & Coffee we cover focus. Or, more specifically, how can you get stuff done with all the distractions that abound? Here's a list of links we discuss during the podcast: * Recode, Decode podcast — with Jason Fried of Basecamp * Noisli * Coffitivity * One Thing by Gary Keller * Rework by Jason Fried and David Heinemeier Hansson * It Doesn’t Have to Be Crazy at Work by Jason Fried

Like thinking differently about compensation? Then join us at CompCon, Oct 21-22 in San Fran: http://compcon.com

It Doesn't Have to Be Crazy at Work

Rework

In this episode we're joined by Kim Taylor, CCP, GRP. Kim joins us to talk about salary structures. We cover the basics of what they are and what they're put in place, but this wouldn't be Comp & Coffee without a stir. So we talk about other ways to tackle this concept, as well.

Like conversations like this? Then join us in Oct in SF for CompCon. (http://www.compcon.com)

In this episode Shawn and Kaite welcome John Sutliffe. John joins us to talk about a survey he recently completed in conjunction with Human Capital Media, and what the findings mean for the future of compensation data.

Mark Szypko joins us. Mark lead total rewards at Magic Leap and Avid, and has recently joined Fresenius Medical. Mark stopped by to chat about budgeting for raises, including: * Making sure that they're in line with your compensation philosophy * How you think differently about 3% raises * What happens if you get stuck with the 3% budget? * What other strategies shift the conversation? If you like these kinds of talks, join us in Oct in SF for CompCon. www.compcon.com

In this episode we dive into great 1:1 meetings. Critical to everyone, but especially critical as we want to better communicate the value of great compensation management. We're joined in this episode by Courtney Bigony, Director of People Science at 15five. We discuss: * Why should you hold one-on-one meetings, and what goals you should set for them * How to stay away from the status update one-on-ones * Why your first one-on-one with any manager or employee is different (and what to do about it) * How great one-on-ones can impact your team, department, and the business

We're excited to announce the return of CompCon!

CompCon brings together compensation pros and challenges everything you think you know about conferences.

Join us for CompCon in San Francisco on Oct 21st, and get a discounted ticket using the code KRASON.

http://www.compcon.com

In this episode we welcome Dawn Dugan to the show. Dawn is well versed in the gamification of compensation. We talk what gamification is all about, how it relates to compensation, and what comp pros can do with it.

In this episode of Comp + Coffee we talk about salary compression. What is it? Why does it happen? And what can compensation pros do about it?

In this episode we discuss the value of college degrees, especially as they relate to the rise in tuition in the United States. We also talk about what this means for compensation managers.

In this episode we welcome Bryan Briscoe, senior director of compensation at Marriott. With Bryan we chat about stepping up your reporting and visualization game.

Of course, much of what we can report on comes down to effectively communicating, so we spend a good bit of today's conversation on that, too.

We talk a lot about ways to map to business needs on this podcast, but today we thought we'd take it beyond just talking. In today's podcast we cover which books have most influenced members of the Comp + Coffee and Payfactors teams. And we cover a wide range of topics, not just business-y books! If you find this interested and want to get in on a Comp + Coffee book club, drop us an email at coffee@payfactors.com.

In this episode we recap the first annual CompCon, a gathering of compensation revolutionaries.

We discuss:

Why there’s an appetite for something different, both from a conference standpoint and compensation standpoint
All the new compensation ideas circulating around
How often fair pay came up at the conference, and what it means for compensation management
How compensation pros can improve communication

And much more, including what’s on tap for CompCon 2019. Want to stay in the know? Just enter your email address at https://compcon.com/

In this episode we discussed the results of our recently released 2018-2019 salary budget survey report, we talk about the purpose of these surveys, and spend a little time on what the future of these surveys might look like.

Download the free 2018-2019 Salary Budget Survey Report at:https://info.payfactors.com/salary-budget-survey-2018

Jason Averbook, CEO of LeapGen and CompCon keynote joins us to discuss: * Why now is a time in HR that's unlike any that have come before * Why HR should go away as a department * And what the future of HR...or the people team...might look like

Come see Jason speak at CompCon in Boston on: * Why is data and foundation so important? * Why is employee experience so important, and what does HR need to drive that? * How do you think about the difference between automation and digitization? * What skillsets does HR need going forward?

http://www.compcon.com

On this #AgedandSage episode, we pick up a new format that will appear from time to time. On #AgedandSage we'll speak with comp professionals about what's aged, that is what's something that used to work that no longer works for them. And then what's sage, or what's something new that's working well.

On this episode we talk with Romaine Lewis of Navigant Consulting.

As we gear up for CompCon (http://www.compcon.com) and the equal pay topics we'll be covering there, we welcome Megan to the podcast. Megan shares her very recent equal pay saga.

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

Fresh off of his World at Work Total Rewards 2018 talk, "The Compensation Revolution: Technology's Transformative Effect on the Industry," that was presented with Elizabeth Blencoe from T-Mobile, Jeff Laliberte stops by to discuss why the old was of doing things is just that, and what's on tap for the future of compensation management.

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/

In this episode we talk about what effective communication is, and how you can effectively communicate compensation to your organization. We talk about communicating to different levels of the organization, e.g. executives, managers, and employees. And most importantly, we remind you to speak with your organization and listen to what is said.

Here are the links we mention in the podcast.

Developing personas (questions to ask in your org): https://info.payfactors.com/communicating-compensation-guide-to-developing-personas-lpnd

Communicating comp to different levels of your org: https://info.payfactors.com/communicating-compensation-tip-guide-to-communication-lpnd

How to effectively communicate compensation: webinar:https://info.payfactors.com/communicating-compensation-on-demand-webinar

And we recently announced CompCon! Come join as gathering of compensation revolutionaries in Boston this September! https://compcon.com/

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.

We talk with Emily Martin, General Counsel at the National Women's Law Center (https://nwlc.org/staff/emily-martin-vice-president-and-general-counsel/) about the new salary history laws that have come into play this year.

In the quick introductory podcast, we introduce your hosts, Shawn and Kaite, and set the stage for this brand new show that will discuss all things compensation (and a little HR).