#WorkTrends Recap: Modern Compensation: Putting People First
When companies start to work on their compensation plans, they often do so with spreadsheets and formulas, far removed from either the people impacted by compensation or the organizational objectives. Modern compensation brings people front and center in the pay business, creating a win/win situation between organizations and individuals.
On today’s #WorkTrends show, we were joined by special guest Tim Low from PayScale. We discussed the idea of putting people first in compensation plans and why that makes a difference in business.
Here are a few key points Tim shared:
- How to use modern compensation practices to engage, motivate and reward top people.
- How compensation can be a team sport, communicated transparently across the organization.
- Why compensation should be a win/win, not a battle, between employee and employer.
Missed the show? You can listen to the #WorkTrends podcast on our BlogTalk Radio channel here: http://bit.ly/2afsbcO
You can also check out the highlights of the conversation from our Storify here:
Didn’t make it to this week’s #WorkTrends show? Don’t worry, you can tune in and participate in the podcast and chat with us every Wednesday from 1-2pm ET (10-11am PT). Next week, on July 27, host Meghan M. Biro will be joined by Chris Voss, former FBI Lead International Hostage Negotiator, who will help us explore and understand the art of negotiation.
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